DA Davidson Has Positive View of Tractor Supply Q4 Earnings

Tractor Supply (NASDAQ:TSCO) – Equities researchers at DA Davidson upped their Q4 2024 earnings per share estimates for shares of Tractor Supply in a research note issued to investors on Monday, December 23rd. DA Davidson analyst M. Baker now expects that the specialty retailer will post earnings of $0.46 per share for the quarter, up from their previous estimate of $0.46. DA Davidson has a “Buy” rating and a $65.00 price objective on the stock. The consensus estimate for Tractor Supply’s current full-year earnings is $10.24 per share. DA Davidson also issued estimates for Tractor Supply’s FY2025 earnings at $2.23 EPS.

A number of other research analysts have also commented on TSCO. Loop Capital upped their price target on shares of Tractor Supply from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Thursday, December 12th. Wells Fargo & Company lowered their target price on Tractor Supply from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. Barclays boosted their price target on Tractor Supply from $50.00 to $52.40 and gave the company an “equal weight” rating in a research note on Monday, December 9th. Robert W. Baird set a $64.00 target price on Tractor Supply in a report on Thursday, October 17th. Finally, Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.98.

Tractor Supply Price Performance

Shares of TSCO opened at $54.49 on Tuesday. The company has a market cap of $29.11 billion, a price-to-earnings ratio of 5.30, a PEG ratio of 3.58 and a beta of 0.83. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The company’s fifty day simple moving average is $56.00 and its 200 day simple moving average is $55.19. Tractor Supply has a 1-year low of $41.80 and a 1-year high of $61.53.

Tractor Supply Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, November 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.61%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.72%.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 117,660 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $59.13, for a total transaction of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 48,415 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Tractor Supply

Institutional investors have recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC purchased a new position in Tractor Supply during the 3rd quarter valued at $29,000. First Personal Financial Services purchased a new stake in shares of Tractor Supply in the third quarter worth $29,000. Whittier Trust Co. increased its holdings in shares of Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Providence Capital Advisors LLC purchased a new position in shares of Tractor Supply in the 3rd quarter worth about $32,000. Finally, DT Investment Partners LLC boosted its stake in Tractor Supply by 120.0% in the 3rd quarter. DT Investment Partners LLC now owns 132 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

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.