Tractor Supply (NASDAQ:TSCO) Price Target Cut to $50.00 by Analysts at Argus

Tractor Supply (NASDAQ:TSCO) had its price target reduced by Argus from $64.00 to $50.00 in a research note released on Monday,MarketScreener reports. Argus currently has a buy rating on the specialty retailer’s stock.

Several other equities research analysts have also weighed in on the company. Truist Financial set a $44.00 price objective on Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, April 21st. Piper Sandler reduced their price objective on Tractor Supply from $59.00 to $51.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Morgan Stanley reduced their price objective on Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 22nd. Evercore reduced their price objective on Tractor Supply from $55.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Finally, Telsey Advisory Group reduced their price objective on Tractor Supply from $63.00 to $52.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Fifteen equities research 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.96.

Tractor Supply Stock Down 2.9%

Shares of TSCO stock opened at $35.68 on Monday. Tractor Supply has a 1 year low of $35.51 and a 1 year high of $63.99. The stock has a market cap of $18.77 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 2.09 and a beta of 0.75. The business’s fifty day moving average is $46.84 and its 200-day moving average is $51.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Equities analysts expect that Tractor Supply will post 2.16 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. This is a boost from Tractor Supply’s previous quarterly dividend of $0.23. Tractor Supply’s dividend payout ratio is 47.06%.

Insiders Place Their Bets

In other news, EVP Robert D. Mills sold 62,950 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $54.12, for a total value of $3,406,854.00. Following the completion of the sale, the executive vice president owned 122,834 shares of the company’s stock, valued at $6,647,776.08. This trade represents a 33.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kurt D. Barton sold 1,884 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was 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 directly owned 52,562 shares of the company’s stock, valued at approximately $2,828,361.22. This trade represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 222,348 shares of company stock valued at $11,959,621 over the last quarter. 0.64% of the stock is owned by insiders.

Institutional Trading of Tractor Supply

Hedge funds and other institutional investors have recently modified their holdings of the business. Garner Asset Management Corp acquired a new stake in shares of Tractor Supply in the fourth quarter worth $25,000. Reflection Asset Management acquired a new stake in shares of Tractor Supply in the fourth quarter worth $26,000. Aventura Private Wealth LLC acquired a new stake in shares of Tractor Supply in the fourth quarter worth $27,000. Core Wealth Advisors LLC acquired a new stake in shares of Tractor Supply in the fourth quarter worth $27,000. Finally, Bayban acquired a new stake in shares of Tractor Supply in the fourth quarter worth $28,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Company Profile

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.