Telsey Advisory Group Reiterates Outperform Rating for Tractor Supply (NASDAQ:TSCO)

Tractor Supply (NASDAQ:TSCO)‘s stock had its “outperform” rating reaffirmed by investment analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $67.00 price target on the specialty retailer’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 23.25% from the stock’s current price. Telsey Advisory Group also issued estimates for Tractor Supply’s Q4 2024 earnings at $0.46 EPS, FY2024 earnings at $2.06 EPS, Q1 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.51 EPS and FY2026 earnings at $2.45 EPS.

A number of other research analysts have also recently commented on TSCO. Mizuho increased their target price on shares of Tractor Supply from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. DA Davidson upped their price target on Tractor Supply from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company lowered their price target on shares of Tractor Supply from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Monday, November 25th. UBS Group boosted their price objective on Tractor Supply from $54.40 to $56.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Raymond James raised their target price on Tractor Supply from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Tractor Supply currently has an average rating of “Moderate Buy” and an average price target of $58.90.

Tractor Supply Stock Performance

TSCO opened at $54.36 on Thursday. Tractor Supply has a 1 year low of $44.35 and a 1 year high of $61.53. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The business has a fifty day simple moving average of $55.24 and a 200 day simple moving average of $55.23. The company has a market capitalization of $29.04 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 3.29 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, January 30th. The specialty retailer reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($1.84). Tractor Supply had a return on equity of 50.19% and a net margin of 7.53%. Research analysts expect that Tractor Supply will post 2.05 EPS for the current year.

Hedge Funds Weigh In On Tractor Supply

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meridiem Investment Management Ltd. increased its stake in shares of Tractor Supply by 398.9% in the 4th quarter. Meridiem Investment Management Ltd. now owns 5,118,785 shares of the specialty retailer’s stock worth $271,674,000 after purchasing an additional 4,092,808 shares in the last quarter. Wellington Management Group LLP raised its position in Tractor Supply by 3.5% during the third quarter. Wellington Management Group LLP now owns 4,740,864 shares of the specialty retailer’s stock valued at $1,379,260,000 after purchasing an additional 161,503 shares during the period. State Street Corp lifted its stake in shares of Tractor Supply by 1.1% in the 3rd quarter. State Street Corp now owns 4,518,341 shares of the specialty retailer’s stock valued at $1,314,521,000 after purchasing an additional 47,951 shares during the last quarter. Provident Trust Co. boosted its holdings in shares of Tractor Supply by 397.4% in the 4th quarter. Provident Trust Co. now owns 3,380,905 shares of the specialty retailer’s stock worth $179,391,000 after purchasing an additional 2,701,204 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Tractor Supply by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,885,688 shares of the specialty retailer’s stock valued at $837,156,000 after buying an additional 43,998 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.