FY2024 EPS Estimates for Tractor Supply Cut by Analyst

Tractor Supply (NASDAQ:TSCO) – Analysts at Telsey Advisory Group decreased their FY2024 earnings per share (EPS) estimates for Tractor Supply in a research note issued on Thursday, October 24th. Telsey Advisory Group analyst J. Feldman now forecasts that the specialty retailer will earn $10.27 per share for the year, down from their prior estimate of $10.30. Telsey Advisory Group currently has a “Outperform” rating and a $335.00 target price on the stock. The consensus estimate for Tractor Supply’s current full-year earnings is $10.23 per share. Telsey Advisory Group also issued estimates for Tractor Supply’s Q4 2025 earnings at $2.50 EPS and FY2025 earnings at $11.20 EPS.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company boosted their target price on shares of Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Wedbush reissued a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a report on Friday. Benchmark restated a “buy” rating and issued a $280.00 target price on shares of Tractor Supply in a research note on Monday, October 21st. Mizuho boosted their price target on Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday. Finally, UBS Group raised their price objective on Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Tractor Supply has an average rating of “Hold” and a consensus price target of $277.70.

Tractor Supply Stock Performance

TSCO opened at $272.77 on Monday. The company has a market cap of $29.41 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 3.66 and a beta of 0.80. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. The firm’s 50-day moving average price is $282.24 and its 200-day moving average price is $273.33. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $307.64.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, meeting analysts’ consensus estimates of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period last year, the business posted $3.83 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid a $1.10 dividend. The ex-dividend date was Monday, August 26th. This represents a $4.40 annualized dividend and a dividend yield of 1.61%. Tractor Supply’s dividend payout ratio is presently 42.84%.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the transaction, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

Institutional Trading of Tractor Supply

Several large investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its stake in Tractor Supply by 527.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock worth $7,155,000 after purchasing an additional 22,279 shares during the last quarter. Ballentine Partners LLC grew its stake in Tractor Supply by 2.1% during the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock valued at $1,216,000 after acquiring an additional 93 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Tractor Supply by 3.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 143,749 shares of the specialty retailer’s stock valued at $37,622,000 after acquiring an additional 4,788 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Tractor Supply by 11,952.8% in the 1st quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock valued at $63,121,000 after acquiring an additional 239,176 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Tractor Supply by 12.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after purchasing an additional 368,859 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.