Zacks Research Upgrades Tractor Supply (NASDAQ:TSCO) to Hold

Key Points

• Zacks Research upgraded Tractor Supply to “Hold” from “Strong Sell,” while analysts remain divided; the consensus rating is “Hold” with an average price target of $39.31.
• Tractor Supply’s shares opened at $32.29, near the lower end of their 12-month range, after the company narrowly missed quarterly earnings and revenue estimates despite 2.3% year-over-year revenue growth.
• Insiders bought $652,411 worth of shares in the past three months, including purchases by the CEO and a director, while institutional investors own 98.72% of the stock.

Tractor Supply (NASDAQ:TSCO - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Monday, Zacks reports.

TSCO has been the topic of a number of other reports. Guggenheim set a $40.00 price objective on shares of Tractor Supply and gave the company a "buy" rating in a research note on Friday, July 24th. Morgan Stanley reaffirmed a "negative" rating and issued a $35.00 target price on shares of Tractor Supply in a report on Friday, July 24th. DA Davidson decreased their price target on Tractor Supply from $50.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, June 22nd. Piper Sandler set a $31.00 price target on Tractor Supply and gave the stock a "neutral" rating in a report on Friday, July 24th. Finally, Truist Financial set a $32.00 target price on Tractor Supply and gave the company a "hold" rating in a research report on Tuesday, June 16th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Tractor Supply has an average rating of "Hold" and an average target price of $39.31.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $32.29 on Monday. The firm has a market cap of $16.93 billion, a PE ratio of 16.82, a PEG ratio of 3.39 and a beta of 0.52. The company's 50 day moving average price is $33.61 and its two-hundred day moving average price is $34.41. Tractor Supply has a 12-month low of $28.36 and a 12-month high of $58.21. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Equities research analysts predict that Tractor Supply will post 1.93 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Andre Hawaux bought 3,150 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average cost of $31.83 per share, with a total value of $100,264.50. Following the transaction, the director directly owned 3,150 shares in the company, valued at approximately $100,264.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Harry Lawton, III acquired 15,600 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the purchase, the chief executive officer owned 15,600 shares of the company's stock, valued at $501,540. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 20,310 shares of company stock valued at $652,411 in the last three months. Insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On Tractor Supply

Hedge funds have recently added to or reduced their stakes in the business. Union Bancaire Privee UBP SA grew its holdings in shares of Tractor Supply by 1.7% during the first quarter. Union Bancaire Privee UBP SA now owns 16,799 shares of the specialty retailer's stock worth $754,000 after buying an additional 280 shares in the last quarter. Lewis Asset Management LLC boosted its position in Tractor Supply by 7.3% during the first quarter. Lewis Asset Management LLC now owns 4,423 shares of the specialty retailer's stock worth $200,000 after acquiring an additional 300 shares during the last quarter. HHM Wealth Advisors LLC boosted its position in Tractor Supply by 4.7% during the first quarter. HHM Wealth Advisors LLC now owns 6,939 shares of the specialty retailer's stock worth $314,000 after acquiring an additional 311 shares during the last quarter. McMillan Office Inc. grew its stake in Tractor Supply by 16.3% during the 1st quarter. McMillan Office Inc. now owns 2,326 shares of the specialty retailer's stock valued at $105,000 after acquiring an additional 326 shares in the last quarter. Finally, Kesler Norman & Wride LLC grew its stake in Tractor Supply by 1.7% during the 1st quarter. Kesler Norman & Wride LLC now owns 19,771 shares of the specialty retailer's stock valued at $896,000 after acquiring an additional 328 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Company Profile

Tractor Supply Company NASDAQ: TSCO is a retailer focused on the needs of farmers, ranchers, homeowners, gardeners, pet owners and other customers who lead rural and suburban lifestyles. The company operates under the Tractor Supply banner and serves communities across the United States through stores and digital channels.

Its merchandise includes agricultural and livestock supplies, animal feed, fencing, hardware, tools, workwear, outdoor power equipment, lawn and garden products, home improvement goods, automotive products and seasonal merchandise.

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