Tractor Supply (NASDAQ:TSCO) Rating Lowered to “Strong Sell” at Zacks Research

Tractor Supply (NASDAQ:TSCO) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

TSCO has been the topic of several other research reports. Truist Financial set a $32.00 price objective on shares of Tractor Supply and gave the company a “hold” rating in a report on Tuesday, June 16th. Argus reduced their target price on Tractor Supply from $64.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, April 27th. DA Davidson decreased their target price on Tractor Supply from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Guggenheim reaffirmed a “buy” rating and set a $50.00 price target (down from $60.00) on shares of Tractor Supply in a research note on Friday, June 5th. Finally, Raymond James Financial cut their price target on Tractor Supply from $60.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Thirteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.38.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $30.55 on Monday. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. Tractor Supply has a twelve month low of $28.36 and a twelve month high of $63.99. The company has a fifty day moving average of $30.72 and a 200-day moving average of $42.32. The firm has a market capitalization of $16.02 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.29 and a beta of 0.46.

Tractor Supply (NASDAQ:TSCO) last issued its 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). The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, sell-side analysts anticipate that Tractor Supply will post 2.11 EPS for the current year.

Institutional Investors Weigh In On Tractor Supply

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bison Wealth LLC increased its holdings in Tractor Supply by 356.1% during the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 5,017 shares in the last quarter. Woodline Partners LP boosted its position in shares of Tractor Supply by 40.7% during the first quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock valued at $2,487,000 after buying an additional 13,051 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Tractor Supply by 26.9% during the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock valued at $1,442,000 after buying an additional 5,542 shares during the last quarter. Sei Investments Co. grew its holdings in Tractor Supply by 1.2% during the second quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock worth $16,676,000 after buying an additional 3,631 shares in the last quarter. Finally, Glenview Trust co grew its holdings in Tractor Supply by 36.0% during the second quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock worth $1,036,000 after buying an additional 5,194 shares in 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.