Morgan Stanley Cuts Tractor Supply (NASDAQ:TSCO) Price Target to $45.00

Tractor Supply (NASDAQ:TSCOFree Report) had its price target reduced by Morgan Stanley from $57.00 to $45.00 in a research report report published on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the specialty retailer’s stock.

Several other research analysts have also recently commented on the stock. Robert W. Baird set a $60.00 target price on shares of Tractor Supply and gave the stock an “outperform” rating in a report on Friday, April 17th. Truist Financial set a $44.00 price target on Tractor Supply and gave the company a “hold” rating in a research note on Tuesday. Evercore reissued an “outperform” rating and set a $60.00 price target on shares of Tractor Supply in a research report on Friday, January 30th. Stephens set a $53.00 price objective on Tractor Supply and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Tractor Supply in a report on Thursday, January 22nd. Fifteen analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.08.

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Tractor Supply Trading Down 3.8%

Shares of Tractor Supply stock opened at $36.73 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. The firm has a 50-day moving average of $47.22 and a 200-day moving average of $51.22. Tractor Supply has a 52-week low of $36.60 and a 52-week high of $63.99. The stock has a market cap of $19.32 billion, a PE ratio of 18.00, a PEG ratio of 2.18 and a beta of 0.75.

Tractor Supply (NASDAQ:TSCOGet Free Report) last released its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the business posted $0.34 earnings per share. Tractor Supply’s revenue was up 3.6% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, sell-side analysts forecast that Tractor Supply will post 2.16 EPS for the current year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.6%. Tractor Supply’s payout ratio is presently 47.06%.

Insider Transactions at Tractor Supply

In related news, EVP Robert D. Mills sold 62,950 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the completion of the transaction, the executive vice president directly owned 122,834 shares in the company, valued at $6,647,776.08. This represents a 33.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Colin Yankee sold 11,170 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $55.35, for a total transaction of $618,259.50. Following the transaction, the executive vice president owned 45,515 shares of the company’s stock, valued at approximately $2,519,255.25. This represents a 19.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 222,348 shares of company stock valued at $11,959,621. 0.64% of the stock is owned by company insiders.

Institutional Trading of Tractor Supply

A number of hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its position in Tractor Supply by 1.6% during the 3rd quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock worth $1,474,736,000 after purchasing an additional 420,731 shares during the last quarter. First National Bank of Omaha bought a new stake in shares of Tractor Supply in the 3rd quarter valued at about $5,069,000. NEOS Investment Management LLC grew its position in shares of Tractor Supply by 49.9% in the 3rd quarter. NEOS Investment Management LLC now owns 63,881 shares of the specialty retailer’s stock valued at $3,633,000 after buying an additional 21,256 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Tractor Supply by 9.2% in the third quarter. HighTower Advisors LLC now owns 289,610 shares of the specialty retailer’s stock valued at $16,470,000 after buying an additional 24,312 shares during the period. Finally, Montrusco Bolton Investments Inc. increased its stake in shares of Tractor Supply by 7.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,000,530 shares of the specialty retailer’s stock valued at $56,900,000 after buying an additional 69,498 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Key Tractor Supply News

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About Tractor Supply

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Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.

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