Tractor Supply (NASDAQ:TSCO) Given “Outperform” Rating at Telsey Advisory Group

Tractor Supply (NASDAQ:TSCO)‘s stock had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They currently have a $67.00 target price on the specialty retailer’s stock. Telsey Advisory Group’s price target points to a potential upside of 15.64% from the stock’s previous close. Telsey Advisory Group also issued estimates for Tractor Supply’s Q4 2024 earnings at $0.46 EPS, FY2024 earnings at $2.06 EPS, Q1 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.51 EPS and FY2026 earnings at $2.45 EPS.

A number of other brokerages also recently issued reports on TSCO. JPMorgan Chase & Co. raised their price target on shares of Tractor Supply from $52.00 to $58.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Benchmark raised their target price on Tractor Supply from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Citigroup lowered Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Gordon Haskett downgraded Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, October 24th. Finally, Piper Sandler upped their target price on shares of Tractor Supply from $60.00 to $66.40 and gave the company an “overweight” rating in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Tractor Supply has a consensus rating of “Moderate Buy” and a consensus price target of $58.58.

Tractor Supply Trading Up 1.0 %

Shares of TSCO opened at $57.94 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average price of $55.12 and a 200 day moving average price of $55.14. Tractor Supply has a 12-month low of $44.35 and a 12-month high of $61.53. The firm has a market capitalization of $30.95 billion, a P/E ratio of 28.18, a P/E/G ratio of 3.31 and a beta of 0.84.

Hedge Funds Weigh In On Tractor Supply

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC increased its stake in shares of Tractor Supply by 400.0% during the fourth quarter. Future Financial Wealth Managment LLC now owns 500 shares of the specialty retailer’s stock worth $27,000 after buying an additional 400 shares during the period. First Personal Financial Services acquired a new position in Tractor Supply during the 3rd quarter worth approximately $29,000. Harbor Investment Advisory LLC increased its position in shares of Tractor Supply by 400.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 555 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 444 shares during the last quarter. Peoples Bank KS raised its holdings in shares of Tractor Supply by 400.0% in the 4th quarter. Peoples Bank KS now owns 570 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 456 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its position in shares of Tractor Supply by 402.7% during the 4th quarter. Westside Investment Management Inc. now owns 563 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 451 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.