Telsey Advisory Group Reiterates Outperform Rating for Tractor Supply (NASDAQ:TSCO)

Tractor Supply (NASDAQ:TSCO - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Telsey Advisory Group in a note issued to investors on Thursday, Benzinga reports. They currently have a $275.00 price objective on the specialty retailer's stock. Telsey Advisory Group's price target suggests a potential upside of 3.67% from the stock's previous close. Telsey Advisory Group also issued estimates for Tractor Supply's Q1 2025 earnings at $1.91 EPS, Q2 2025 earnings at $4.32 EPS, Q3 2025 earnings at $2.53 EPS and Q4 2025 earnings at $2.62 EPS.

A number of other research firms also recently commented on TSCO. Benchmark reiterated a "buy" rating and issued a $256.00 price objective on shares of Tractor Supply in a report on Monday. Evercore ISI cut their price target on shares of Tractor Supply from $280.00 to $275.00 and set an "outperform" rating for the company in a report on Tuesday, April 16th. Wells Fargo & Company raised their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an "overweight" rating in a report on Monday, March 25th. UBS Group raised their price target on shares of Tractor Supply from $220.00 to $240.00 and gave the stock a "neutral" rating in a report on Friday, February 2nd. Finally, Guggenheim raised their price target on shares of Tractor Supply from $210.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $241.65.

Tractor Supply Price Performance

TSCO stock traded up $7.13 during mid-day trading on Thursday, reaching $265.26. The company's stock had a trading volume of 2,295,194 shares, compared to its average volume of 1,167,099. The stock has a market cap of $28.63 billion, a PE ratio of 26.29, a P/E/G ratio of 3.84 and a beta of 0.84. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $268.02. The company's 50 day moving average is $251.70 and its two-hundred day moving average is $226.10.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, beating analysts' consensus estimates of $2.22 by $0.06. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. Tractor Supply's quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.43 EPS. Equities research analysts expect that Tractor Supply will post 10.2 EPS for the current year.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, EVP Jonathan S. Estep sold 7,120 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $232.26, for a total value of $1,653,691.20. Following the completion of the transaction, the executive vice president now owns 13,605 shares of the company's stock, valued at approximately $3,159,897.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the completion of the sale, the chief financial officer now directly owns 25,013 shares of the company's stock, valued at approximately $5,804,516.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jonathan S. Estep sold 7,120 shares of Tractor Supply stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the sale, the executive vice president now directly owns 13,605 shares of the company's stock, valued at $3,159,897.30. The disclosure for this sale can be found here. Insiders sold 90,090 shares of company stock valued at $21,201,877 in the last 90 days. Company insiders own 0.24% of the company's stock.

Institutional Investors Weigh In On Tractor Supply

Several institutional investors have recently modified their holdings of the company. WCM Investment Management LLC lifted its position in shares of Tractor Supply by 2.3% during the 1st quarter. WCM Investment Management LLC now owns 3,702 shares of the specialty retailer's stock worth $969,000 after purchasing an additional 82 shares during the last quarter. TRUE Private Wealth Advisors raised its stake in Tractor Supply by 6.5% during the 1st quarter. TRUE Private Wealth Advisors now owns 1,698 shares of the specialty retailer's stock worth $444,000 after acquiring an additional 104 shares in the last quarter. Strategy Asset Managers LLC raised its stake in Tractor Supply by 8.2% during the 1st quarter. Strategy Asset Managers LLC now owns 1,182 shares of the specialty retailer's stock worth $309,000 after acquiring an additional 90 shares in the last quarter. Equitable Trust Co. raised its stake in Tractor Supply by 11.8% during the 1st quarter. Equitable Trust Co. now owns 8,395 shares of the specialty retailer's stock worth $2,197,000 after acquiring an additional 888 shares in the last quarter. Finally, Smith Chas P & Associates PA Cpas acquired a new stake in Tractor Supply during the 1st quarter worth $229,000. 98.72% of the stock is owned by hedge funds and other 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.