In the latest quarter, 26 analysts provided ratings for Tractor Supply TSCO, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 13 | 6 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 4 | 8 | 5 | 1 | 0 |
| 3M Ago | 2 | 4 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $271.73, a high estimate of $305.00, and a low estimate of $234.00. This upward trend is evident, with the current average reflecting a 6.18% increase from the previous average price target of $255.91.
Diving into Analyst Ratings: An In-Depth Exploration
The perception of Tractor Supply by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Oliver Wintermantel | Evercore ISI Group | Raises | Outperform | $295.00 | $290.00 |
| Oliver Wintermantel | Evercore ISI Group | Raises | Outperform | $290.00 | $285.00 |
| Christopher Horvers | JP Morgan | Raises | Neutral | $263.00 | $241.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $305.00 | $280.00 |
| Peter Keith | Piper Sandler | Raises | Overweight | $300.00 | $265.00 |
| Max Rakhlenko | TD Cowen | Raises | Buy | $270.00 | $250.00 |
| Matthew McClintock | Raymond James | Raises | Outperform | $285.00 | $250.00 |
| Oliver Wintermantel | Evercore ISI Group | Raises | Outperform | $280.00 | $275.00 |
| Simeon Gutman | Morgan Stanley | Raises | Underweight | $235.00 | $195.00 |
| John Lawrence | Benchmark | Raises | Buy | $280.00 | $256.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $289.00 | $277.00 |
| Seth Basham | Wedbush | Raises | Neutral | $270.00 | $235.00 |
| Seth Sigman | Barclays | Raises | Equal-Weight | $240.00 | $234.00 |
| David Bellinger | Mizuho | Raises | Neutral | $250.00 | $245.00 |
| Justin Kleber | Baird | Raises | Outperform | $285.00 | $260.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $280.00 | $275.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $275.00 | $275.00 |
| Seth Basham | Wedbush | Maintains | Neutral | $235.00 | - |
| John Lawrence | Benchmark | Maintains | Buy | $256.00 | - |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $275.00 | $250.00 |
| Seth Sigman | Barclays | Raises | Equal-Weight | $234.00 | $192.00 |
| Oliver Wintermantel | Evercore ISI Group | Lowers | Outperform | $275.00 | $280.00 |
| John Lawrence | Benchmark | Maintains | Buy | $256.00 | - |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $277.00 | $256.00 |
| Oliver Wintermantel | Evercore ISI Group | Raises | Outperform | $280.00 | $270.00 |
| Zachary Fadem | Wells Fargo | Raises | Overweight | $285.00 | $250.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Tractor Supply. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Tractor Supply compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Tractor Supply's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Tractor Supply's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Tractor Supply analyst ratings.
Delving into Tractor Supply's Background
Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. Currently, the company operates 2,233 of its namesake banners in 49 states, including 81 Orscheln Farm and Home stores (rebranded as Tractor Supply), along with 202 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities, as opposed to urban and suburban areas. In fiscal 2023, revenue consisted primarily of livestock, equine & agriculture (27%), companion animal (25%), and seasonal & recreation (22%).
Understanding the Numbers: Tractor Supply's Finances
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Tractor Supply's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 2.9%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Tractor Supply's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 5.84%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Tractor Supply's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 9.27%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.11%, the company showcases effective utilization of assets.
Debt Management: Tractor Supply's debt-to-equity ratio surpasses industry norms, standing at 2.39. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Understanding the Relevance of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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