Providing a diverse range of perspectives from bullish to bearish, 19 analysts have published ratings on Tractor Supply TSCO in the last three months.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 5 | 7 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 5 | 5 | 6 | 0 | 0 |
| 2M Ago | 1 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $299.42, a high estimate of $335.00, and a low estimate of $250.00. This current average reflects an increase of 5.37% from the previous average price target of $284.17.
Diving into Analyst Ratings: An In-Depth Exploration
A comprehensive examination of how financial experts perceive Tractor Supply is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Lawrence | Benchmark | Raises | Buy | $310.00 | $280.00 |
| Michael Lasser | UBS | Raises | Neutral | $280.00 | $272.00 |
| Matthew McClintock | Raymond James | Raises | Outperform | $290.00 | $285.00 |
| Seth Sigman | Barclays | Raises | Equal-Weight | $250.00 | $240.00 |
| Michael Baker | DA Davidson | Raises | Buy | $325.00 | $300.00 |
| David Bellinger | Mizuho | Raises | Neutral | $270.00 | $250.00 |
| Seth Basham | Wedbush | Maintains | Neutral | $270.00 | $270.00 |
| Scot Ciccarelli | Truist Securities | Lowers | Buy | $317.00 | $325.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $335.00 | $335.00 |
| John Lawrence | Benchmark | Maintains | Buy | $280.00 | $280.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $335.00 | $300.00 |
| Christopher Horvers | JP Morgan | Raises | Neutral | $290.00 | $260.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $325.00 | $293.00 |
| Peter Keith | Piper Sandler | Raises | Overweight | $332.00 | $300.00 |
| Zachary Fadem | Wells Fargo | Raises | Overweight | $325.00 | $295.00 |
| Oliver Wintermantel | Evercore ISI Group | Maintains | In-Line | $300.00 | $300.00 |
| John Lawrence | Benchmark | Maintains | Buy | $280.00 | $280.00 |
| Karen Short | Melius Research | Announces | Buy | $315.00 | - |
| Anthony Chukumba | Loop Capital | Raises | Hold | $260.00 | $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: Gaining insights, analysts provide estimates for the future value of Tractor Supply's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Tractor Supply's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Tractor Supply analyst ratings.
About Tractor Supply
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 2,254 of its namesake banners in 49 states, including 81 Orscheln Farm and Home stores (rebranded as Tractor Supply), along with 205 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%).
Tractor Supply: A Financial Overview
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Negative Revenue Trend: Examining Tractor Supply's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -18.33% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Tractor Supply's net margin is impressive, surpassing industry averages. With a net margin of 6.96%, the company demonstrates 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 10.51%, 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 2.47%, the company showcases effective utilization of assets.
Debt Management: Tractor Supply's debt-to-equity ratio is below the industry average. With a ratio of 2.33, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Significance of Analyst Ratings Explained
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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