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Investing.com - DA Davidson has reiterated its Buy rating on Tractor Supply Company (NASDAQ:TSCO) with a price target of $70.00. The $29.9 billion market cap retailer, currently trading at $56.35, has demonstrated strong financial health according to InvestingPro analysis, with a P/E ratio of 26.5x and revenue growth of ~3% over the last twelve months.
The research firm identified four key bullish investment themes that played out in Tractor Supply’s latest quarterly results, supporting its continued positive outlook on the rural lifestyle retailer. InvestingPro data reveals the company has raised its dividend for 15 consecutive years, showcasing consistent shareholder returns. Additional valuable insights are available in the comprehensive Pro Research Report, which provides deep-dive analysis of TSCO among 1,400+ top US stocks.
DA Davidson noted that Tractor Supply has reached a margin inflection point as its investment cycle has peaked, allowing for potential margin expansion going forward.
The firm also highlighted that comparable sales are improving as previous deflation pressure has transformed into an inflation benefit for the company, strengthening its financial performance.
Additional factors supporting the Buy rating include Tractor Supply’s demonstrated ability to compete effectively with Amazon and the successful implementation of key internal initiatives, according to DA Davidson’s analysis.
In other recent news, Tractor Supply Company reported its third-quarter earnings for 2025, surpassing expectations with an earnings per share (EPS) of $0.49, compared to the forecasted $0.48. The company also posted revenue of $3.72 billion for the quarter, a 7.2% increase from the previous year, with a notable 3.9% rise in comparable store sales. Morgan Stanley upgraded Tractor Supply’s stock rating from Underweight to Equalweight and raised its price target to $60.00, citing the company’s progress beyond its investment cycle and improved sales growth. Mizuho also adjusted its price target for Tractor Supply, increasing it from $64.00 to $65.00, while maintaining an Outperform rating. This adjustment reflects optimistic commentary about the company’s future performance and fiscal year 2026 guidance. These developments highlight the company’s strategic investments and growth trajectory.
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