Tractor Supply (NASDAQ:TSCO) Price Target Cut to $45.00 by Analysts at The Goldman Sachs Group

Tractor Supply (NASDAQ:TSCO) had its price target decreased by stock analysts at The Goldman Sachs Group from $55.00 to $45.00 in a report released on Monday,MarketScreener reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 47.49% from the stock’s current price.

Several other research analysts have also commented on the company. 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. BNP Paribas Exane dropped their price objective on shares of Tractor Supply from $58.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, April 22nd. Zacks Research upgraded Tractor Supply from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. TD Cowen reiterated a “hold” rating and set a $38.00 price objective (down from $53.00) on shares of Tractor Supply in a research report on Monday, April 27th. Finally, Loop Capital dropped their target price on Tractor Supply from $51.00 to $41.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Fourteen research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.42.

Tractor Supply Price Performance

Tractor Supply stock traded up $0.73 during midday trading on Monday, reaching $30.51. 2,160,301 shares of the stock were exchanged, compared to its average volume of 9,032,736. Tractor Supply has a 52 week low of $28.36 and a 52 week high of $63.99. 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 PE ratio of 14.99, a PEG ratio of 2.23 and a beta of 0.47. The company’s fifty day moving average is $36.90 and its 200-day moving average is $46.58.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 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 firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, sell-side analysts forecast that Tractor Supply will post 2.14 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Advyzon Investment Management LLC increased its position in shares of Tractor Supply by 4.3% during the fourth quarter. Advyzon Investment Management LLC now owns 4,462 shares of the specialty retailer’s stock valued at $223,000 after buying an additional 183 shares during the period. Field & Main Bank grew its holdings in shares of Tractor Supply by 1.1% during the 4th quarter. Field & Main Bank now owns 18,835 shares of the specialty retailer’s stock worth $942,000 after acquiring an additional 200 shares during the period. Oak Thistle LLC raised its position in shares of Tractor Supply by 0.9% in the 4th quarter. Oak Thistle LLC now owns 24,911 shares of the specialty retailer’s stock worth $1,246,000 after acquiring an additional 215 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its position in shares of Tractor Supply by 5.1% during the third quarter. Vestmark Advisory Solutions Inc. now owns 4,514 shares of the specialty retailer’s stock valued at $257,000 after purchasing an additional 218 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its holdings in Tractor Supply by 1.7% in the third quarter. Johnson Investment Counsel Inc. now owns 12,771 shares of the specialty retailer’s stock worth $726,000 after purchasing an additional 219 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

About Tractor Supply

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.