Tractor Supply (NASDAQ:TSCO) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup has raised its price target for Tractor Supply from $62.00 to $66.00, indicating a potential upside of 16.69% from the previous close.
• The consensus rating for Tractor Supply's stock is a "Moderate Buy," with 15 analysts recommending a Buy and eight suggesting a Hold.
• Tractor Supply reported a quarterly EPS of $0.49, outperforming estimates, alongside a revenue of $3.72 billion, which matched expectations.

Tractor Supply (NASDAQ:TSCO - Get Free Report) had its price target increased by investment analysts at Citigroup from $62.00 to $66.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the specialty retailer's stock. Citigroup's target price suggests a potential upside of 16.69% from the company's previous close.

Several other equities analysts have also issued reports on TSCO. Evercore ISI decreased their price target on shares of Tractor Supply from $65.00 to $60.00 and set an "in-line" rating for the company in a report on Tuesday, October 7th. Piper Sandler boosted their price target on shares of Tractor Supply from $66.00 to $67.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Robert W. Baird boosted their price target on shares of Tractor Supply from $65.00 to $67.00 and gave the company an "outperform" rating in a report on Friday. Telsey Advisory Group reissued an "outperform" rating and issued a $70.00 price target on shares of Tractor Supply in a report on Thursday. Finally, Truist Financial increased their target price on Tractor Supply from $60.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Tractor Supply has a consensus rating of "Moderate Buy" and an average price target of $63.14.

Tractor Supply Trading Up 0.4%

Shares of Tractor Supply stock traded up $0.21 on Friday, hitting $56.56. 3,037,652 shares of the company's stock traded hands, compared to its average volume of 5,358,289. The firm's 50-day moving average price is $58.29 and its two-hundred day moving average price is $55.01. The stock has a market capitalization of $29.97 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.81 and a beta of 0.73. Tractor Supply has a one year low of $46.85 and a one year high of $63.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, research analysts expect that Tractor Supply will post 2.17 EPS for the current fiscal year.

Insider Transactions at Tractor Supply

In other Tractor Supply news, EVP Colin Yankee sold 6,680 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $58.40, for a total transaction of $390,112.00. Following the completion of the sale, the executive vice president directly owned 40,142 shares in the company, valued at $2,344,292.80. This trade represents a 14.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.65% of the company's stock.

Institutional Investors Weigh In On Tractor Supply

Hedge funds have recently bought and sold shares of the stock. GW&K Investment Management LLC lifted its position in Tractor Supply by 89.3% during the first 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 last quarter. Delos Wealth Advisors LLC acquired a new stake in Tractor Supply during the second quarter worth approximately $26,000. Opal Wealth Advisors LLC bought a new position in shares of Tractor Supply during the second quarter worth approximately $35,000. Financial Gravity Companies Inc. bought a new position in shares of Tractor Supply during the second quarter worth approximately $38,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of Tractor Supply during the first quarter worth approximately $39,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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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