FY2024 EPS Estimates for Tractor Supply Increased by Analyst

Tractor Supply (NASDAQ:TSCO) – Equities researchers at Zacks Research increased their FY2024 earnings estimates for shares of Tractor Supply in a research note issued on Wednesday, January 8th. Zacks Research analyst R. Lohia now anticipates that the specialty retailer will earn $2.05 per share for the year, up from their prior forecast of $2.05. The consensus estimate for Tractor Supply’s current full-year earnings is $10.24 per share. Zacks Research also issued estimates for Tractor Supply’s Q4 2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.84 EPS, Q1 2026 earnings at $0.43 EPS, Q2 2026 earnings at $0.92 EPS, Q3 2026 earnings at $0.54 EPS, Q4 2026 earnings at $0.56 EPS and FY2026 earnings at $2.46 EPS.

Several other equities analysts have also issued reports on TSCO. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $67.00 price target on shares of Tractor Supply in a report on Friday, December 6th. Loop Capital upped their target price on Tractor Supply from $53.00 to $58.00 and gave the company a “hold” rating in a research report on Thursday, December 12th. Piper Sandler raised their price target on Tractor Supply from $60.00 to $66.40 and gave the stock an “overweight” rating in a report on Monday, October 14th. Barclays decreased their price objective on shares of Tractor Supply from $262.00 to $52.00 and set an “equal weight” rating for the company in a research report on Monday, December 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Tractor Supply from $52.00 to $58.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.25.

Tractor Supply Trading Up 0.4 %

NASDAQ:TSCO opened at $54.59 on Monday. The firm has a market cap of $29.16 billion, a P/E ratio of 5.31, a P/E/G ratio of 3.58 and a beta of 0.84. Tractor Supply has a one year low of $43.83 and a one year high of $61.53. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The firm has a 50-day simple moving average of $55.31 and a 200-day simple moving average of $54.99.

Tractor Supply Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply’s payout ratio is 42.72%.

Institutional Trading of Tractor Supply

Institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace LLP increased its stake in Tractor Supply by 2,921.4% in the second quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock valued at $96,451,000 after purchasing an additional 345,402 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Tractor Supply by 29,058.6% in the 3rd quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock valued at $67,865,000 after buying an additional 232,469 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Tractor Supply by 67.4% in the 2nd quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock valued at $109,002,000 after buying an additional 162,533 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Tractor Supply by 3.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,740,864 shares of the specialty retailer’s stock valued at $1,379,260,000 after buying an additional 161,503 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its stake in Tractor Supply by 1,501.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 171,050 shares of the specialty retailer’s stock worth $49,773,000 after acquiring an additional 160,367 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.