Tractor Supply (NASDAQ:TSCO) Given New $60.00 Price Target at Evercore ISI

Tractor Supply (NASDAQ:TSCO) had its price objective cut by Evercore ISI from $65.00 to $60.00 in a report published on Tuesday,Benzinga reports. They currently have an in-line rating on the specialty retailer’s stock.

Several other equities analysts also recently commented on TSCO. Wells Fargo & Company boosted their price objective on Tractor Supply from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. The Goldman Sachs Group restated a “buy” rating on shares of Tractor Supply in a research report on Friday, July 25th. Truist Financial boosted their price objective on Tractor Supply from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Telsey Advisory Group set a $70.00 price objective on Tractor Supply in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Tractor Supply from $56.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Fourteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Tractor Supply currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.90.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $53.71 on Tuesday. The stock has a 50-day simple moving average of $59.28 and a two-hundred day simple moving average of $54.91. Tractor Supply has a 52-week low of $46.85 and a 52-week high of $63.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28. The firm has a market capitalization of $28.46 billion, a PE ratio of 26.35, a P/E/G ratio of 2.80 and a beta of 0.73.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same period in the previous year, the business earned $3.93 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. Analysts forecast that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were given a dividend of $0.23 per share. The ex-dividend date was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. Tractor Supply’s dividend payout ratio is 45.10%.

Insider Buying and Selling

In other Tractor Supply news, EVP Colin Yankee sold 6,680 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $58.40, for a total transaction of $390,112.00. Following the sale, the executive vice president directly owned 40,142 shares in the company, valued at $2,344,292.80. This represents a 14.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kurt D. Barton sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $63.96, for a total value of $5,756,400.00. Following the sale, the chief financial officer owned 47,715 shares in the company, valued at approximately $3,051,851.40. This trade represents a 65.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 105,045 shares of company stock valued at $6,662,757. 0.65% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tractor Supply

Several hedge funds and other institutional investors have recently modified their holdings of TSCO. GW&K Investment Management LLC boosted its position in Tractor Supply by 89.3% in the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 226 shares during the period. Delos Wealth Advisors LLC purchased a new stake in Tractor Supply in the 2nd quarter valued at about $26,000. Opal Wealth Advisors LLC bought a new position in Tractor Supply in the second quarter worth approximately $35,000. Financial Gravity Companies Inc. bought a new position in Tractor Supply in the second quarter worth approximately $38,000. Finally, Financial Gravity Asset Management Inc. bought a new position in Tractor Supply in the first quarter worth approximately $39,000. 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.