Tractor Supply (NASDAQ:TSCO) Now Covered by Analysts at Wolfe Research

Key Points

• Wolfe Research has reiterated an "outperform" rating for Tractor Supply (TSCO) with a price target of $70.00, suggesting an 18.44% upside from the stock's previous close.
• Tractor Supply reported quarterly earnings of $0.81 per share, surpassing analysts' estimates, with a revenue of $4.44 billion, representing a year-over-year increase of 4.5%.
• Institutional investors hold 98.72% of Tractor Supply's shares, indicating strong institutional confidence in the company.

Wolfe Research started coverage on shares of Tractor Supply (NASDAQ:TSCO - Get Free Report) in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm set an "outperform" rating and a $70.00 price target on the specialty retailer's stock. Wolfe Research's target price would indicate a potential upside of 17.33% from the company's current price.

A number of other equities research analysts also recently weighed in on TSCO. Piper Sandler boosted their price target on Tractor Supply from $66.00 to $67.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Evercore ISI increased their price objective on Tractor Supply from $60.00 to $65.00 and gave the stock an "in-line" rating in a research note on Friday, July 25th. Robert W. Baird raised their price target on Tractor Supply from $56.00 to $61.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Truist Financial increased their price objective on Tractor Supply from $60.00 to $66.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Raymond James Financial restated an "outperform" rating and set a $65.00 target price (up previously from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.19.

Tractor Supply Price Performance

NASDAQ:TSCO traded down $0.21 during trading hours on Thursday, hitting $59.66. The company's stock had a trading volume of 6,769,867 shares, compared to its average volume of 4,013,089. The business's 50-day moving average is $59.64 and its two-hundred day moving average is $54.67. The company has a market capitalization of $31.62 billion, a PE ratio of 29.27, a PEG ratio of 3.06 and a beta of 0.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28. Tractor Supply has a 52-week low of $46.85 and a 52-week high of $63.99.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.Tractor Supply's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.93 earnings per share. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. As a group, research analysts anticipate that Tractor Supply will post 2.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Noni L. Ellison sold 5,200 shares of Tractor Supply stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $332,592.00. Following the sale, the senior vice president owned 28,639 shares of the company's stock, valued at approximately $1,831,750.44. The trade was a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Denise L. Jackson sold 1,165 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $58.50, for a total value of $68,152.50. Following the transaction, the director directly owned 31,123 shares in the company, valued at approximately $1,820,695.50. This trade represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 204,680 shares of company stock valued at $12,071,552. Corporate insiders own 0.65% of the company's stock.

Institutional Trading of Tractor Supply

A number of institutional investors and hedge funds have recently bought and sold shares of TSCO. Invesco Ltd. boosted its position in shares of Tractor Supply by 123.4% during the 2nd quarter. Invesco Ltd. now owns 15,079,313 shares of the specialty retailer's stock worth $795,735,000 after purchasing an additional 8,329,462 shares in the last quarter. Norges Bank bought a new position in shares of Tractor Supply during the 2nd quarter worth approximately $274,959,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Tractor Supply by 476.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,910,178 shares of the specialty retailer's stock worth $260,534,000 after purchasing an additional 4,058,875 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Tractor Supply by 16.0% during the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer's stock worth $1,521,023,000 after purchasing an additional 3,815,520 shares during the last quarter. Finally, Select Equity Group L.P. grew its stake in Tractor Supply by 41.9% in the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer's stock valued at $670,887,000 after buying an additional 3,753,414 shares in the last quarter. 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.