Tractor Supply (NASDAQ:TSCO) Given "Buy (B)" Rating at Weiss Ratings

Key Points

• Tractor Supply (NASDAQ:TSCO) has received a "Buy (B)" rating from Weiss Ratings, reaffirming its positive outlook among analysts.
• Several investment firms have raised their price targets for TSCO, with estimates now ranging from $65.00 to $70.00 following a strong quarterly performance.
• Tractor Supply's recent quarterly earnings report indicates a 7.2% year-over-year revenue growth, surpassing analyst expectations with an EPS of $0.49.

Tractor Supply (NASDAQ:TSCO - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

A number of other research firms also recently issued reports on TSCO. Robert W. Baird lifted their price target on shares of Tractor Supply from $65.00 to $67.00 and gave the company an "outperform" rating in a research report on Friday. Mizuho lifted their price objective on Tractor Supply from $64.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday. Telsey Advisory Group restated an "outperform" rating and set a $70.00 price objective on shares of Tractor Supply in a research report on Thursday. Piper Sandler lifted their price objective on Tractor Supply from $66.00 to $67.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Tractor Supply in a research report on Friday, July 25th. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, Tractor Supply has a consensus rating of "Moderate Buy" and a consensus price target of $63.14.

Tractor Supply Price Performance

Shares of TSCO stock traded down $0.07 during midday trading on Friday, reaching $56.28. 6,354,274 shares of the company traded hands, compared to its average volume of 5,121,456. The firm's 50 day simple moving average is $58.21 and its two-hundred day simple moving average is $55.07. Tractor Supply has a 1-year low of $46.85 and a 1-year high of $63.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.16. The firm has a market cap of $29.83 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 2.90 and a beta of 0.73.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the firm earned $0.45 EPS. The company's revenue for the quarter was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, equities research analysts expect that Tractor Supply will post 2.17 EPS for the current fiscal year.

Insider Buying and Selling

In other Tractor Supply news, EVP Colin Yankee sold 6,680 shares of Tractor Supply stock in a transaction that occurred 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 sale, the executive vice president directly owned 40,142 shares of the company's stock, valued at approximately $2,344,292.80. The trade was a 14.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.65% of the company's stock.

Institutional Trading of Tractor Supply

Several hedge funds and other institutional investors have recently bought and sold shares of TSCO. GW&K Investment Management LLC grew its stake in Tractor Supply by 89.3% in the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 226 shares during the period. Delos Wealth Advisors LLC purchased a new stake in Tractor Supply in the 2nd quarter worth approximately $26,000. Opal Wealth Advisors LLC purchased a new stake in Tractor Supply in the 2nd quarter worth approximately $35,000. Financial Gravity Companies Inc. purchased a new stake in Tractor Supply in the 2nd quarter worth approximately $38,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of Tractor Supply during the 1st quarter valued at $39,000. 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.

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