Loop Capital Cuts Tractor Supply (NASDAQ:TSCO) Price Target to $41.00

Tractor Supply (NASDAQ:TSCOFree Report) had its price target reduced by Loop Capital from $51.00 to $41.00 in a report published on Wednesday,MarketScreener reports. They currently have a hold rating on the specialty retailer’s stock.

Several other brokerages also recently weighed in on TSCO. Daiwa Securities Group lowered their target price on Tractor Supply from $52.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday. Wall Street Zen downgraded Tractor Supply from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. DA Davidson lowered their target price on Tractor Supply from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday. Bank of America started coverage on Tractor Supply in a research note on Tuesday, April 7th. They issued a “neutral” rating and a $47.00 target price on the stock. Finally, Zacks Research upgraded Tractor Supply from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Fifteen investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Tractor Supply currently has an average rating of “Moderate Buy” and a consensus price target of $49.08.

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Tractor Supply Trading Down 3.8%

TSCO opened at $36.73 on Wednesday. The firm has a market cap of $19.32 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 2.18 and a beta of 0.75. Tractor Supply has a 52 week low of $36.60 and a 52 week high of $63.99. The business’s 50 day moving average is $47.22 and its two-hundred day moving average is $51.22. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86.

Tractor Supply (NASDAQ:TSCOGet Free Report) last released its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, research analysts predict that Tractor Supply will post 2.16 EPS for the current year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were paid a $0.24 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 24th. This represents a $0.96 annualized dividend and a dividend yield of 2.6%. Tractor Supply’s dividend payout ratio (DPR) is 47.06%.

Insider Transactions at Tractor Supply

In related news, EVP Jonathan S. Estep sold 59,745 shares of Tractor Supply stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $54.03, for a total value of $3,228,022.35. Following the sale, the executive vice president directly owned 80,931 shares in the company, valued at $4,372,701.93. The trade was a 42.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kurt D. Barton sold 1,884 shares of Tractor Supply stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $53.81, for a total value of $101,378.04. Following the completion of the sale, the chief financial officer owned 52,562 shares in the company, valued at approximately $2,828,361.22. This trade represents a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 222,348 shares of company stock valued at $11,959,621. 0.64% of the stock is owned by company insiders.

Institutional Trading of Tractor Supply

A number of institutional investors have recently modified their holdings of TSCO. Norges Bank purchased a new stake in shares of Tractor Supply in the fourth quarter valued at approximately $303,862,000. Victory Capital Management Inc. boosted its stake in shares of Tractor Supply by 719.1% in the third quarter. Victory Capital Management Inc. now owns 4,508,661 shares of the specialty retailer’s stock valued at $256,408,000 after buying an additional 3,958,205 shares in the last quarter. Select Equity Group L.P. boosted its stake in shares of Tractor Supply by 41.9% in the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after buying an additional 3,753,414 shares in the last quarter. APG Asset Management N.V. boosted its stake in shares of Tractor Supply by 505.1% in the third quarter. APG Asset Management N.V. now owns 4,329,556 shares of the specialty retailer’s stock valued at $246,222,000 after buying an additional 3,614,097 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Tractor Supply by 18.4% in the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after buying an additional 2,706,819 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

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About Tractor Supply

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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.

Further Reading

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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