DA Davidson Cuts Tractor Supply (NASDAQ:TSCO) Price Target to $40.00

Tractor Supply (NASDAQ:TSCO) had its price target cut by equities research analysts at DA Davidson from $50.00 to $40.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. DA Davidson’s price target would indicate a potential upside of 33.00% from the stock’s previous close.

Several other analysts have also issued reports on TSCO. Weiss Ratings lowered Tractor Supply from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Evercore decreased their price target on shares of Tractor Supply from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 19th. Morgan Stanley lowered their price objective on shares of Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Stephens cut their price objective on shares of Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 22nd. Finally, Piper Sandler set a $32.00 target price on shares of Tractor Supply and gave the company a “neutral” rating in a report on Tuesday, June 16th. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.58.

Tractor Supply Price Performance

TSCO stock traded down $0.16 during mid-day trading on Monday, hitting $30.08. 569,512 shares of the stock were exchanged, compared to its average volume of 9,366,274. The business has a fifty day moving average price of $34.04 and a 200 day moving average price of $44.95. Tractor Supply has a 12 month low of $28.36 and a 12 month high of $63.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 2.29 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data 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 the consensus estimate of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. Tractor Supply’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, sell-side analysts anticipate that Tractor Supply will post 2.12 EPS for the current year.

Hedge Funds Weigh In On Tractor Supply

A number of large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its stake in shares of Tractor Supply by 6.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock worth $156,108,000 after purchasing an additional 184,146 shares during the last quarter. Swedbank AB lifted its holdings in shares of Tractor Supply by 3.3% during the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock valued at $56,470,000 after purchasing an additional 36,495 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Tractor Supply by 44.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock valued at $36,364,000 after buying an additional 222,750 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Tractor Supply by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock valued at $56,086,000 after buying an additional 46,010 shares during the last quarter. Finally, Speece Thorson Capital Group Inc. increased its holdings in Tractor Supply by 22.0% in the 4th quarter. Speece Thorson Capital Group Inc. now owns 307,359 shares of the specialty retailer’s stock worth $15,371,000 after buying an additional 55,493 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other 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.