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Investing.com - DA Davidson has raised its price target on Tractor Supply Company (NASDAQ:TSCO) to $70.00 from $65.00 while maintaining a Buy rating on the stock. This comes as InvestingPro data shows 8 analysts have revised their earnings estimates upward for the upcoming period, with the stock delivering a solid 12.8% return year-to-date.
The firm cited an acceleration in comparable sales throughout the quarter, including into July, which appears to be running in the 3%-4% range.
DA Davidson noted that the improved comparable sales trajectory stems from an inflection point in average ticket growth, partly due to better commodity pricing and tariff-related flow through.
The research firm expressed belief that the stronger comparable sales trends will help address concerns that Tractor Supply’s recent weaker sales were the result of increased rural competition.
Tractor Supply Company operates rural lifestyle retail stores in the United States, offering a selection of products for home, land, pets, and animals.
In other recent news, Tractor Supply Company reported strong financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share of $0.81, slightly above the forecast of $0.80. Additionally, Tractor Supply posted record sales of $4.44 billion, marking a 4.5% increase compared to the previous year. BofA Securities upgraded the stock to Buy, raising its price target to $70.00, citing easing deflationary pressures and anticipated company initiatives in the coming years. Evercore ISI also adjusted its price target for Tractor Supply to $65.00, maintaining an "In Line" rating after the company reported a 1.5% increase in comparable sales for the second quarter. This performance exceeded Wall Street expectations and was noted as the best in two years. Both firms highlighted improvements in the company’s metrics and outlook. These recent developments reflect positive sentiment from analysts regarding Tractor Supply’s future.
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