Tractor Supply Co (TSCO)

Chewy reported strong Q2 earnings with 9% revenue growth and 83% of sales from autoship customers, but stock dropped due to higher-than-expected operating expenses. The company raised full-year revenue guidance and continues to show positive business developments.

Tractor Supply Company (TSCO) is expected to report higher revenue and earnings in the second quarter of 2024, driven by strong demand and market share gains. However, the company is facing higher costs, which may impact its profitability.

Investors are closely watching stocks that could be impacted by the outcome of the U.S. presidential elections, especially those more exposed to government policy actions such as banking and clean energy.

Analysts' ratings for Tractor Supply (NASDAQ:TSCO) over the last quarter vary from bullish to bearish, as provided by 26 analysts. 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 6 12 7 1 0 Last 30D 0 1 0 0 0 1M Ago 4 9 6 1 0 2M Ago 2 2 1 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $269.81, a high estimate of $305.00, and a low estimate of $234.00. This upward trend is evident, with the current average reflecting a 6.07% increase from the previous average price target of $254.36. Diving into Analyst Ratings: An In-Depth Exploration A clear picture of Tractor Supply's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target 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 - John Lawrence Benchmark Maintains Buy $256.00 - Joseph Feldman Telsey Advisory Group Raises Outperform $275.00 $250.00 Seth Sigman Barclays Raises Equal-Weight $234.00 $192.00 Oliver Wintermantel Evercore ISI Group Lowers Outperform $275.00 $280.00 John Lawrence Benchmark Maintains Buy $256.00 - Scot Ciccarelli Truist Securities Raises Buy $277.00 $256.00 Oliver Wintermantel Evercore ISI Group Raises Outperform $280.00 $270.00 Zachary Fadem Wells Fargo Raises Overweight $285.00 $250.00 David Bellinger Mizuho Announces Neutral $245.00 - Key Insights: Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or ...Full story available on Benzinga.com

Dividend growth investors saw two dozen increases in the first half of February. Click here for a detailed analysis.