Tractor Supply (NASDAQ:TSCO) Given New $55.00 Price Target at TD Cowen

Tractor Supply (NASDAQ:TSCO) had its price target trimmed by TD Cowen from $62.00 to $55.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the specialty retailer’s stock.

Other research analysts also recently issued reports about the company. Morgan Stanley upgraded Tractor Supply from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $50.00 to $60.00 in a research note on Friday, October 24th. Citigroup reissued a “buy” rating and set a $61.00 price target (down previously from $66.00) on shares of Tractor Supply in a report on Friday. DA Davidson set a $70.00 price objective on shares of Tractor Supply in a report on Friday, October 24th. UBS Group set a $57.00 target price on shares of Tractor Supply and gave the company a “neutral” rating in a research note on Friday. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $65.00 target price on shares of Tractor Supply in a research report on Thursday, October 23rd. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.48.

Tractor Supply Stock Down 0.1%

Shares of Tractor Supply stock opened at $50.97 on Tuesday. Tractor Supply has a 1-year low of $46.85 and a 1-year high of $63.99. The company has a market capitalization of $26.93 billion, a PE ratio of 24.50, a P/E/G ratio of 2.39 and a beta of 0.74. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14. The business has a 50-day moving average of $52.37 and a 200-day moving average of $55.86.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, equities analysts forecast that Tractor Supply will post 2.17 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were paid a $0.23 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a yield of 1.8%. Tractor Supply’s payout ratio is 44.23%.

Institutional Trading of Tractor Supply

Several large investors have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its holdings in Tractor Supply by 123.4% in the second quarter. Invesco Ltd. now owns 15,079,313 shares of the specialty retailer’s stock worth $795,735,000 after purchasing an additional 8,329,462 shares in the last quarter. Norges Bank acquired a new stake in shares of Tractor Supply in the second quarter worth about $274,959,000. Victory Capital Management Inc. boosted its stake in shares of Tractor Supply by 719.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,508,661 shares of the specialty retailer’s stock worth $256,408,000 after acquiring an additional 3,958,205 shares in the last quarter. Select Equity Group L.P. increased its holdings in shares of Tractor Supply by 41.9% during the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after acquiring an additional 3,753,414 shares during the last quarter. Finally, APG Asset Management N.V. increased its holdings in shares of Tractor Supply by 505.1% during the 3rd quarter. APG Asset Management N.V. now owns 4,329,556 shares of the specialty retailer’s stock valued at $246,222,000 after acquiring an additional 3,614,097 shares during the last quarter. 98.72% of the stock is owned by 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.