Assessing Tractor Supply: Insights From 21 Financial Analysts
Tractor Supply (NASDAQ:TSCO) has been analyzed by 21 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 11 | 5 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 4 | 8 | 5 | 1 | 0 |
Analysts have set 12-month price targets for Tractor Supply, revealing an average target of $275.14, a high estimate of $305.00, and a low estimate of $235.00. Observing a 5.46% increase, the current average has risen from the previous average price target of $260.90.
Investigating Analyst Ratings: An Elaborate Study
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 |
|---|---|---|---|---|---|
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $305.00 | $305.00 |
| Oliver Wintermantel | Evercore ISI Group | Lowers | Outperform | $290.00 | $295.00 |
| 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 | $235.00 |
| John Lawrence | Benchmark | Maintains | Buy | $256.00 | $256.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Tractor Supply. This information provides 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.
To gain a panoramic view of Tractor Supply's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Tractor Supply analyst ratings.
Unveiling the Story Behind 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 2,233 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%).
Tractor Supply's Economic Impact: An Analysis
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Tractor Supply's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 2.9%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Tractor Supply's net margin is impressive, surpassing industry averages. With a net margin of 5.84%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Tractor Supply's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 9.27% ROE, the company effectively utilizes shareholder equity capital.
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: With a high debt-to-equity ratio of 2.39, Tractor Supply faces challenges in effectively managing its debt levels, indicating potential financial strain.
Analyst Ratings: What Are They?
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 publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.