Tractor Supply (NASDAQ:TSCO) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Tractor Supply (NASDAQ:TSCO) from a hold rating to a strong sell rating in a report published on Monday morning,Zacks.com reports.

Several other analysts have also commented on the stock. Evercore reiterated an “outperform” rating and issued a $40.00 price target on shares of Tractor Supply in a research report on Tuesday, July 7th. Loop Capital cut their price objective on Tractor Supply from $41.00 to $35.00 and set a “hold” rating for the company in a research report on Tuesday, June 16th. Wall Street Zen lowered Tractor Supply from a “hold” rating to a “sell” rating in a research note on Sunday. Bank of America began coverage on Tractor Supply in a report on Tuesday, April 7th. They set a “neutral” rating and a $47.00 target price on the stock. Finally, Jefferies Financial Group reissued a “buy” rating and set a $51.00 price target on shares of Tractor Supply in a research report on Tuesday, April 21st. Thirteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $43.38.

Tractor Supply Price Performance

Tractor Supply stock opened at $30.55 on Monday. Tractor Supply has a 52 week low of $28.36 and a 52 week high of $63.99. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The firm’s 50-day simple moving average is $30.72 and its 200 day simple moving average is $42.32. The firm has a market capitalization of $16.02 billion, a PE ratio of 14.98, a P/E/G ratio of 2.29 and a beta of 0.46.

Tractor Supply (NASDAQ:TSCO) last issued 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). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the company posted $0.34 earnings per share. Tractor Supply’s revenue was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, equities research analysts predict that Tractor Supply will post 2.11 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, May 27th. Tractor Supply’s dividend payout ratio (DPR) is 47.06%.

Institutional Investors Weigh In On Tractor Supply

A number of institutional investors have recently added to or reduced their stakes in TSCO. Garner Asset Management Corp purchased a new position in shares of Tractor Supply in the 4th quarter worth about $25,000. Elevation Wealth Partners LLC grew its holdings in shares of Tractor Supply by 1,253.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 727 shares during the period. Reflection Asset Management purchased a new stake in shares of Tractor Supply during the 4th quarter worth about $26,000. Aventura Private Wealth LLC acquired a new stake in Tractor Supply during the 4th quarter worth approximately $27,000. Finally, Core Wealth Advisors LLC acquired a new stake in Tractor Supply during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

About Tractor Supply

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.