Telsey Advisory Group Cuts Tractor Supply (NASDAQ:TSCO) Price Target to $38.00

Tractor Supply (NASDAQ:TSCO) had its price target decreased by Telsey Advisory Group from $40.00 to $38.00 in a research report report published on Friday morning, Marketbeat reports. Telsey Advisory Group currently has an outperform rating on the specialty retailer’s stock.

TSCO has been the subject of a number of other research reports. Loop Capital reduced their target price on Tractor Supply from $41.00 to $35.00 and set a “hold” rating for the company in a report on Tuesday, June 16th. Gordon Haskett lifted their price target on Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. Daiwa Securities Group dropped their price target on Tractor Supply from $52.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Zacks Research downgraded Tractor Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, Raymond James Financial decreased their price objective on Tractor Supply from $48.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Thirteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.65.

Tractor Supply Price Performance

TSCO stock opened at $31.02 on Friday. Tractor Supply has a 52-week low of $28.36 and a 52-week high of $62.89. The company’s 50 day simple moving average is $30.63 and its 200-day simple moving average is $41.17. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23. The firm has a market capitalization of $16.27 billion, a P/E ratio of 16.16, a P/E/G ratio of 7.01 and a beta of 0.46.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The firm had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter last year, the company posted $0.81 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, equities research analysts anticipate that Tractor Supply will post 1.99 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s payout ratio is currently 50.00%.

Institutional Trading of Tractor Supply

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC boosted its position in Tractor Supply by 5.8% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 7,557 shares of the specialty retailer’s stock valued at $239,000 after purchasing an additional 414 shares during the last quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd increased its position in Tractor Supply by 128.3% in the 2nd quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 128,430 shares of the specialty retailer’s stock worth $4,060,000 after purchasing an additional 72,186 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Tractor Supply by 39.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,861 shares of the specialty retailer’s stock worth $217,000 after purchasing an additional 1,957 shares during the last quarter. Griffin Asset Management Inc. raised its stake in shares of Tractor Supply by 64.7% during the 2nd quarter. Griffin Asset Management Inc. now owns 61,075 shares of the specialty retailer’s stock worth $1,931,000 after purchasing an additional 24,001 shares in the last quarter. Finally, GKV Capital Management Co. Inc. increased its holdings in Tractor Supply by 16.7% in the second quarter. GKV Capital Management Co. Inc. now owns 36,668 shares of the specialty retailer’s stock worth $1,159,000 after buying an additional 5,247 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Key Tractor Supply News

Here are the key news stories impacting Tractor Supply this week:

• Positive Sentiment: Tractor Supply is expanding delivery options by launching Instacart same-day delivery from 2,400 stores, which could support convenience-driven sales and help offset softer in-store demand. Tractor Supply (TSCO) Launches Instacart Same Day Delivery From 2,400 Stores
• Neutral Sentiment: Analysts remain mixed after earnings, with Telsey Advisory Group trimming its price target to $38 while keeping an outperform rating, and Bank of America maintaining a hold rating with a $33 target. Telsey Advisory Group price target cut
• Neutral Sentiment: Tractor Supply reported second-quarter EPS of $0.81 and revenue of $4.54 billion, both slightly below expectations, while revenue still rose 2.3% year over year. Quarterly financial results
• Negative Sentiment: The company cut its full-year outlook, now guiding for EPS of $1.90 to $2.00 and revenue of $15.9 billion to $16.1 billion, below prior expectations, as it cited a tough May quarter and softer demand for discretionary and pet-related purchases. WSJ outlook cut article
• Negative Sentiment: Tractor Supply said it will close 75 Petsense stores, including six in Arkansas, signaling a restructuring of its pet business and pressure in that segment. Petsense store closure article

Tractor Supply Company Profile

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.