Mizuho Issues Positive Forecast for Tractor Supply (NASDAQ:TSCO) Stock Price

Key Points

• Mizuho has raised its price target for Tractor Supply stock from $64.00 to $65.00, indicating a potential upside of 12.44% from the current price.
• Tractor Supply reported a quarterly earnings per share (EPS) of $0.49, slightly exceeding the consensus estimate of $0.48, with quarterly revenue increasing by 7.2% year-over-year.
• Fifteen research analysts have rated Tractor Supply stock with a Buy rating, while the average target price stands at $62.95.

Tractor Supply (NASDAQ:TSCO - Get Free Report) had its price target raised by Mizuho from $64.00 to $65.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the specialty retailer's stock. Mizuho's price target would suggest a potential upside of 12.44% from the stock's current price.

Other research analysts also recently issued research reports about the stock. UBS Group raised their price target on shares of Tractor Supply from $54.00 to $61.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Loop Capital raised their target price on shares of Tractor Supply from $48.00 to $60.00 and gave the company a "hold" rating in a research report on Friday, July 25th. Weiss Ratings reissued a "buy (b)" rating on shares of Tractor Supply in a research report on Wednesday, October 8th. Bank of America raised shares of Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 target price on the stock in a research report on Thursday, July 24th. Finally, Raymond James Financial reissued an "outperform" rating and set a $65.00 target price (up previously from $57.00) on shares of Tractor Supply in a research report on Friday, July 25th. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Tractor Supply presently has an average rating of "Moderate Buy" and a consensus target price of $62.95.

Tractor Supply Price Performance

TSCO stock opened at $57.81 on Friday. Tractor Supply has a 52 week low of $46.85 and a 52 week high of $63.99. 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 company has a fifty day simple moving average of $58.29 and a two-hundred day simple moving average of $55.01. The firm has a market capitalization of $30.64 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 2.81 and a beta of 0.73.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the business earned $0.45 earnings per share. Tractor Supply's quarterly revenue was up 7.2% compared to the same quarter last year. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Analysts anticipate that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Colin Yankee sold 6,680 shares of the business's stock in a transaction on Monday, July 28th. The shares were 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 $2,344,292.80. The trade was a 14.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tractor Supply

Several large investors have recently made changes to their positions in TSCO. GW&K Investment Management LLC lifted 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 purchasing an additional 226 shares during the period. Delos Wealth Advisors LLC acquired a new position in Tractor Supply during the second quarter worth $26,000. Opal Wealth Advisors LLC purchased a new stake in shares of Tractor Supply during the second quarter worth $35,000. Financial Gravity Companies Inc. purchased a new stake in shares of Tractor Supply during the second quarter worth $38,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of Tractor Supply in the first quarter valued at about $39,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

About Tractor Supply

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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