Tractor Supply (NASDAQ:TSCO) Given New $50.00 Price Target at Gordon Haskett

Tractor Supply (NASDAQ:TSCO) had its price target upped by Gordon Haskett from $40.00 to $50.00 in a research note published on Friday,MarketScreener reports.

Other research analysts have also issued reports about the stock. Telsey Advisory Group dropped their price target on shares of Tractor Supply from $63.00 to $52.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. Wall Street Zen upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Piper Sandler lowered shares of Tractor Supply from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $51.00 to $36.00 in a research note on Tuesday, May 5th. Truist Financial set a $44.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, April 21st. Finally, TD Cowen reiterated a “hold” rating and set a $38.00 price target (down from $53.00) on shares of Tractor Supply in a research note on Monday, April 27th. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.81.

Tractor Supply Stock Performance

NASDAQ TSCO traded down $0.01 during trading on Friday, reaching $31.25. The company’s stock had a trading volume of 11,955,015 shares, compared to its average volume of 12,201,230. 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 market cap of $16.39 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 2.34 and a beta of 0.47. Tractor Supply has a twelve month low of $28.36 and a twelve month high of $63.99. The business’s fifty day moving average price is $35.45 and its 200-day moving average price is $45.85.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, analysts anticipate that Tractor Supply will post 2.14 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s payout ratio is 47.06%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSCO. Bison Wealth LLC grew its position in Tractor Supply by 356.1% during the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after buying an additional 5,017 shares during the period. Woodline Partners LP grew its position in Tractor Supply by 40.7% during the first quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock worth $2,487,000 after buying an additional 13,051 shares during the period. Intech Investment Management LLC grew its position in Tractor Supply by 26.9% during the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock worth $1,442,000 after buying an additional 5,542 shares during the period. Sei Investments Co. grew its position in Tractor Supply by 1.2% during the second quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock worth $16,676,000 after buying an additional 3,631 shares during the period. Finally, Glenview Trust co grew its position in Tractor Supply by 36.0% during the second quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock worth $1,036,000 after buying an additional 5,194 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.