Throughout the last three months, 14 analysts have evaluated Tractor Supply TSCO, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 5 | 4 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 3 | 5 | 3 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 1 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $243.07, a high estimate of $262.00, and a low estimate of $195.00. Witnessing a positive shift, the current average has risen by 8.03% from the previous average price target of $225.00.
Interpreting Analyst Ratings: A Closer Look
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 |
|---|---|---|---|---|---|
| David Bellinger | Mizuho | Announces | Neutral | $245.00 | - |
| Matthew McClintock | Raymond James | Raises | Outperform | $250.00 | $230.00 |
| Seth Basham | Wedbush | Raises | Neutral | $235.00 | $200.00 |
| Oliver Wintermantel | Evercore ISI Group | Raises | Outperform | $250.00 | $240.00 |
| Steven Forbes | Guggenheim | Raises | Buy | $255.00 | $210.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $256.00 | $230.00 |
| Michael Lasser | UBS | Raises | Neutral | $240.00 | $220.00 |
| Kate McShane | Goldman Sachs | Raises | Buy | $262.00 | $230.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $250.00 | $245.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $245.00 | $230.00 |
| Daniel Imbro | Stephens & Co. | Announces | Equal-Weight | $240.00 | - |
| Zachary Fadem | Wells Fargo | Raises | Overweight | $250.00 | $230.00 |
| Simeon Gutman | Morgan Stanley | Announces | Underweight | $195.00 | - |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $230.00 | $210.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Tractor Supply. This offers insight into analysts' perspectives on 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 explore the dynamics of price targets, providing estimates for the future value of Tractor Supply's stock. This examination reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Tractor Supply's market standing. Stay informed and make well-considered decisions with 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 2,216 of its namesake banners in 49 states, including 81 Orscheln Farm and Home stores (rebranded as Tractor Supply), along with 198 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities, as opposed to urban and suburban areas. In fiscal 2022, revenue consisted primarily of livestock and pet (50%), hardware, tools, and truck (19%), and seasonal gift and toy (21%).
Unraveling the Financial Story of Tractor Supply
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Decline in Revenue: Over the 3 months period, Tractor Supply faced challenges, resulting in a decline of approximately -8.65% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: Tractor Supply's net margin is impressive, surpassing industry averages. With a net margin of 6.77%, 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 11.64% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Tractor Supply's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.7%, the company showcases efficient use of assets and strong financial health.
Debt Management: Tractor Supply's debt-to-equity ratio stands notably higher than the industry average, reaching 2.34. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
What Are 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.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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