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

Tractor Supply (NASDAQ:TSCO)‘s stock had its “outperform” rating restated by equities researchers at Telsey Advisory Group in a research note issued on Thursday,Benzinga reports. They currently have a $67.00 price target on the specialty retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 33.71% from the company’s current price. Telsey Advisory Group also issued estimates for Tractor Supply’s Q1 2026 earnings at $0.42 EPS, Q2 2026 earnings at $0.94 EPS, Q3 2026 earnings at $0.54 EPS and Q4 2026 earnings at $0.54 EPS.

A number of other analysts also recently weighed in on the stock. Stephens assumed coverage on shares of Tractor Supply in a research report on Wednesday, April 9th. They issued an “equal weight” rating and a $56.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on shares of Tractor Supply from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Truist Financial lowered their target price on shares of Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a report on Friday, January 31st. Bank of America upped their price target on Tractor Supply from $44.00 to $53.00 and gave the stock an “underperform” rating in a research note on Thursday, January 16th. Finally, Guggenheim reiterated a “buy” rating and set a $60.00 price objective on shares of Tractor Supply in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $59.07.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $50.11 on Thursday. Tractor Supply has a 1 year low of $46.97 and a 1 year high of $61.53. The stock has a market capitalization of $26.64 billion, a P/E ratio of 24.56, a P/E/G ratio of 2.95 and a beta of 0.88. The company’s 50-day moving average is $53.74 and its 200 day moving average is $55.13. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.20.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.28 by ($1.84). Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. On average, sell-side analysts expect that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply announced that its board has approved a share repurchase plan on Thursday, February 13th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity at Tractor Supply

In other news, SVP Matthew L. Rubin sold 3,850 shares of Tractor Supply stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $57.69, for a total transaction of $222,106.50. Following the transaction, the senior vice president now owns 31,787 shares in the company, valued at $1,833,792.03. This trade represents a 10.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Harry A. Lawton III sold 88,095 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $54.59, for a total transaction of $4,809,106.05. Following the sale, the chief executive officer now directly owns 488,852 shares of the company’s stock, valued at approximately $26,686,430.68. The trade was a 15.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,993 shares of company stock worth $7,538,068. 0.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Tractor Supply

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC lifted its position in shares of Tractor Supply by 385.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,089,542 shares of the specialty retailer’s stock valued at $59,260,000 after buying an additional 865,273 shares in the last quarter. BOK Financial Private Wealth Inc. raised its stake in Tractor Supply by 330.2% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 21,355 shares of the specialty retailer’s stock worth $1,133,000 after acquiring an additional 16,391 shares during the period. Blueshift Asset Management LLC lifted its holdings in Tractor Supply by 571.8% during the fourth quarter. Blueshift Asset Management LLC now owns 66,815 shares of the specialty retailer’s stock valued at $3,545,000 after purchasing an additional 56,870 shares in the last quarter. Heritage Trust Co bought a new position in shares of Tractor Supply in the fourth quarter worth approximately $1,829,000. Finally, Callan Family Office LLC purchased a new stake in shares of Tractor Supply in the fourth quarter worth $503,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

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.