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

Tractor Supply (NASDAQ:TSCO) had its price objective reduced by Raymond James Financial from $48.00 to $40.00 in a report issued on Friday morning, MarketBeat Ratings reports. They currently have an outperform rating on the specialty retailer’s stock.

A number of other research analysts have also recently weighed in on TSCO. Evercore reissued an “outperform” rating and set a $40.00 price objective on shares of Tractor Supply in a research note on Tuesday, July 7th. Daiwa Securities Group reduced their target price on Tractor Supply from $52.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Guggenheim reiterated a “buy” rating and set a $50.00 target price (down from $60.00) on shares of Tractor Supply in a report on Friday, June 5th. Barclays set a $35.00 price target on Tractor Supply and gave the stock an “equal weight” rating in a research report on Monday, July 13th. Finally, JPMorgan Chase & Co. cut their price target on Tractor Supply from $55.00 to $48.00 and set a “neutral” 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $41.73.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $30.51 on Friday. The stock has a market cap of $16.00 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 2.35 and a beta of 0.46. Tractor Supply has a 52 week low of $28.36 and a 52 week high of $63.99. The company’s 50-day moving average price is $30.65 and its 200 day moving average price is $41.88. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86.

Tractor Supply (NASDAQ:TSCO) last announced its 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 return on equity of 42.58% and a net margin of 6.91%.The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The business’s revenue was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, research analysts forecast that Tractor Supply will post 2.08 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

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

Institutional Trading of Tractor Supply

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in shares of Tractor Supply by 6.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock worth $156,108,000 after buying an additional 184,146 shares in the last quarter. Swedbank AB raised its holdings in Tractor Supply by 3.3% in the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock valued at $56,470,000 after acquiring an additional 36,495 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Tractor Supply by 44.2% in 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 acquiring an additional 222,750 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Tractor Supply by 4.4% during the 4th 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 acquiring an additional 46,010 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its stake in Tractor Supply by 1.6% during the 4th quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock valued at $119,410,000 after acquiring an additional 36,778 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.