Evercore ISI Cuts Tractor Supply (NASDAQ:TSCO) Price Target to $60.00

Key Points

• Evercore ISI has lowered its price target for Tractor Supply (NASDAQ:TSCO) from $65.00 to $60.00, indicating a potential upside of 12.25% from the company's previous close.
• Despite the downgrade, 14 analysts have rated Tractor Supply with a Buy rating and the stock has a consensus price target of $61.90.
• Tractor Supply reported a quarterly earnings per share of $0.81, slightly above expectations, with revenues of $4.44 billion, reflecting a year-over-year increase of 4.5%.

Tractor Supply (NASDAQ:TSCO - Get Free Report) had its price objective decreased by Evercore ISI from $65.00 to $60.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "in-line" rating on the specialty retailer's stock. Evercore ISI's price objective would suggest a potential upside of 12.25% from the company's previous close.

A number of other equities research analysts also recently commented on the company. Wells Fargo & Company raised their target price on Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Robert W. Baird raised their price target on Tractor Supply from $56.00 to $61.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. DA Davidson lifted their price objective on Tractor Supply from $65.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. UBS Group lifted their price objective on Tractor Supply from $54.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, Bank of America upgraded Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 price objective for the company in a research report on Thursday, July 24th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Tractor Supply currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.90.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO traded down $1.24 during mid-day trading on Tuesday, hitting $53.45. 2,557,362 shares of the company were exchanged, compared to its average volume of 5,331,444. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. The stock has a 50 day simple moving average of $59.38 and a 200-day simple moving average of $54.92. Tractor Supply has a 1-year low of $46.85 and a 1-year high of $63.99. The firm has a market cap of $28.33 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 2.86 and a beta of 0.73.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same period last year, the company earned $3.93 earnings per share. The company's revenue for the quarter was up 4.5% on a year-over-year basis. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. On average, sell-side analysts forecast that Tractor Supply will post 2.17 EPS for the current fiscal year.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 90,000 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $5,756,400.00. Following the transaction, the chief financial officer directly owned 47,715 shares of the company's stock, valued at $3,051,851.40. This represents a 65.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Colin Yankee sold 6,680 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $58.40, for a total value of $390,112.00. Following the completion of the transaction, the executive vice president directly owned 40,142 shares in the company, valued at approximately $2,344,292.80. The trade was a 14.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,045 shares of company stock valued at $6,719,757. 0.65% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. GW&K Investment Management LLC raised its stake in shares of Tractor Supply by 89.3% in the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 226 shares in the last quarter. Delos Wealth Advisors LLC acquired a new stake in Tractor Supply in the 2nd quarter valued at approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in Tractor Supply in the 2nd quarter valued at approximately $35,000. Financial Gravity Asset Management Inc. acquired a new stake in Tractor Supply in the 1st quarter valued at approximately $39,000. Finally, Financial Gravity Companies Inc. acquired a new stake in Tractor Supply in the 2nd quarter valued at approximately $38,000. 98.72% of the stock is owned by institutional investors.

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.

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