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

Tractor Supply (NASDAQ:TSCO)‘s stock had its “outperform” rating reiterated by stock analysts at Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They presently have a $67.00 price objective on the specialty retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 23.41% from the company’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 also recently issued reports on the stock. Bank of America upped their target price on shares of Tractor Supply from $44.00 to $53.00 and gave the company an “underperform” rating in a research report on Thursday, January 16th. UBS Group increased their price objective on shares of Tractor Supply from $54.40 to $56.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Truist Financial lowered their target price on shares of Tractor Supply from $65.00 to $63.40 and set a “buy” rating for the company in a report on Friday, October 25th. Benchmark increased their price target on Tractor Supply from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Robert W. Baird set a $64.00 price objective on Tractor Supply in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Tractor Supply has an average rating of “Moderate Buy” and a consensus price target of $58.58.

Tractor Supply Price Performance

Shares of Tractor Supply stock traded down $2.87 during midday trading on Thursday, reaching $54.29. The company had a trading volume of 9,177,096 shares, compared to its average volume of 5,341,426. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $55.29 and a 200 day simple moving average of $55.24. Tractor Supply has a 1-year low of $44.35 and a 1-year high of $61.53. The company has a market capitalization of $29.00 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 3.31 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, January 30th. The specialty retailer reported $0.44 EPS for the quarter, missing the consensus estimate of $2.28 by ($1.84). Tractor Supply had a net margin of 7.53% and a return on equity of 50.19%. As a group, equities research analysts forecast that Tractor Supply will post 2.05 earnings per share for the current year.

Hedge Funds Weigh In On Tractor Supply

A number of hedge funds and other institutional investors have recently bought and sold shares of TSCO. James Investment Research Inc. raised its stake in Tractor Supply by 397.6% in the fourth quarter. James Investment Research Inc. now owns 27,037 shares of the specialty retailer’s stock valued at $1,435,000 after buying an additional 21,604 shares during the period. WD Rutherford LLC increased its holdings in shares of Tractor Supply by 397.4% during the 4th quarter. WD Rutherford LLC now owns 7,540 shares of the specialty retailer’s stock worth $400,000 after acquiring an additional 6,024 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in Tractor Supply by 525.4% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 50,511 shares of the specialty retailer’s stock valued at $2,680,000 after acquiring an additional 42,435 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Tractor Supply during the 4th quarter valued at $1,024,000. Finally, Allworth Financial LP lifted its holdings in Tractor Supply by 3,213.6% during the 4th quarter. Allworth Financial LP now owns 7,323 shares of the specialty retailer’s stock valued at $421,000 after purchasing an additional 7,102 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

About Tractor Supply

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.