Tractor Supply (NASDAQ:TSCO) Price Target Lowered to $40.00 at Raymond James Financial

Tractor Supply (NASDAQ:TSCO) had its price target lowered by Raymond James Financial from $48.00 to $40.00 in a report released on Friday, Marketbeat.com reports. Raymond James Financial currently has an outperform rating on the specialty retailer’s stock.

TSCO has been the topic of several other research reports. Bank of America began coverage on shares of Tractor Supply in a report on Tuesday, April 7th. They issued a “neutral” rating and a $47.00 target price on the stock. Wolfe Research set a $34.00 price target on Tractor Supply in a report on Thursday. DA Davidson dropped their price target on Tractor Supply from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Gordon Haskett lifted their price objective on Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. Finally, Stephens cut their price objective on Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Thirteen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Tractor Supply has a consensus rating of “Hold” and a consensus target price of $41.73.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $30.51 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. The firm has a market cap of $16.00 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 2.36 and a beta of 0.46. The business has a 50-day simple moving average of $30.65 and a two-hundred day simple moving average of $41.94. Tractor Supply has a fifty-two week low of $28.36 and a fifty-two week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the business earned $0.34 EPS. The business’s revenue 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. On average, analysts expect that Tractor Supply will post 2.1 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.1%. Tractor Supply’s payout ratio is presently 47.06%.

Institutional Investors Weigh In On Tractor Supply

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital International Investors grew its holdings in Tractor Supply by 3.9% during the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after purchasing an additional 902,659 shares during the period. State Street Corp raised its stake in shares of Tractor Supply by 0.7% in the fourth quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock worth $1,152,819,000 after buying an additional 162,774 shares during the period. Invesco Ltd. raised 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 worth $871,855,000 after buying an additional 2,706,819 shares during the period. Geode Capital Management LLC lifted its position in shares of Tractor Supply by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock valued at $791,703,000 after buying an additional 184,457 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of Tractor Supply by 2.3% during the 4th quarter. Capital World Investors now owns 15,157,047 shares of the specialty retailer’s stock valued at $758,004,000 after buying an additional 336,040 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

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.