Robert W. Baird Issues Positive Forecast for Tractor Supply (NASDAQ:TSCO) Stock Price

Key Points

• Robert W. Baird raised its Tractor Supply price target to $40 from $38 and maintained an “outperform” rating, implying approximately 15% upside from the prior close.
• Tractor Supply reported third-quarter EPS of $0.43, beating the $0.41 estimate, while revenue rose 5.1% year over year to $3.91 billion. However, EPS declined from $0.49 a year earlier as costs and price reductions pressured profitability.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $38.81; 13 analysts rate the stock a Buy, 14 a Hold, and one a Sell.

Tractor Supply (NASDAQ:TSCO - Get Free Report) had its price target increased by investment analysts at Robert W. Baird from $38.00 to $40.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an "outperform" rating on the specialty retailer's stock. Robert W. Baird's target price suggests a potential upside of 15.17% from the company's previous close.

TSCO has been the subject of several other reports. Wells Fargo & Company reiterated an "overweight" rating and set a $36.00 price target (up from $35.00) on shares of Tractor Supply in a report on Monday. Truist Financial set a $33.00 price objective on Tractor Supply and gave the stock a "hold" rating in a report on Monday. Evercore reiterated an "outperform" rating and issued a $40.00 target price on shares of Tractor Supply in a research note on Tuesday, July 7th. DA Davidson set a $36.00 target price on shares of Tractor Supply in a research report on Thursday, October 8th. Finally, Wolfe Research set a $34.00 target price on shares of Tractor Supply in a research report on Thursday, July 16th. Thirteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Tractor Supply currently has a consensus rating of "Hold" and an average target price of $38.81.

Tractor Supply Trading Up 6.2%

Tractor Supply stock opened at $34.73 on Friday. The company's fifty day simple moving average is $33.56 and its 200-day simple moving average is $33.40. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83. Tractor Supply has a 12 month low of $28.36 and a 12 month high of $58.21. The stock has a market cap of $18.21 billion, a P/E ratio of 18.09, a P/E/G ratio of 2.11 and a beta of 0.52.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%. The firm had revenue of $3.91 billion during the quarter, compared to analysts' expectations of $3.82 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that Tractor Supply will post 1.94 EPS for the current fiscal year.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, Director Edna Morris acquired 1,560 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was bought at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the purchase, the director owned 279,720 shares in the company, valued at $9,074,116.80. This represents a 0.56% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Andre Hawaux purchased 3,150 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average cost of $31.83 per share, with a total value of $100,264.50. Following the transaction, the director directly owned 3,150 shares of the company's stock, valued at approximately $100,264.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 20,310 shares of company stock valued at $652,411 in the last 90 days. 0.64% of the stock is currently owned by company insiders.

Institutional Trading of Tractor Supply

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Tractor Supply during the second quarter valued at $1,500,967,000. State Street Corp boosted its stake in shares of Tractor Supply by 2.9% in the 2nd quarter. State Street Corp now owns 23,500,716 shares of the specialty retailer's stock valued at $742,858,000 after purchasing an additional 665,648 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Tractor Supply by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,267,878 shares of the specialty retailer's stock worth $238,639,000 after purchasing an additional 89,295 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Tractor Supply by 2,983.6% in the 2nd quarter. Van ECK Associates Corp now owns 5,144,955 shares of the specialty retailer's stock worth $162,632,000 after purchasing an additional 4,978,105 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Tractor Supply by 3.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,944,848 shares of the specialty retailer's stock worth $156,307,000 after purchasing an additional 150,285 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Trending Headlines about Tractor Supply

Here are the key news stories impacting Tractor Supply this week:

• Positive Sentiment: Third-quarter adjusted earnings were $0.43 per share, above the $0.41 analyst consensus, while revenue increased 5.1% year over year to $3.91 billion, exceeding estimates of $3.82 billion. Tractor Supply Company Reports Third Quarter 2026 Financial Results; Reaffirms Fiscal Year 2026 Outlook
• Positive Sentiment: Comparable-store sales rose 0.4% and improved sequentially, suggesting demand may be stabilizing after a difficult period for the retailer. Tractor Supply says comparable sales improved sequentially in Q3
• Positive Sentiment: Management reaffirmed its fiscal 2026 outlook, reducing the risk of another near-term guidance cut. Tractor Supply Reaffirms FY26 Outlook
• Positive Sentiment: Tractor Supply plans to reinvest about 40% of $100 million in tariff refunds into lower prices and is targeting $75 million in annual SG&A savings over 2027–2028. Capital spending is expected to remain below 4% of sales in 2027, supporting cash flow. Tractor Supply outlines capex and SG&A reductions
• Neutral Sentiment: The company expects to open 90 stores in 2027, including larger garden centers, signaling continued expansion but also requiring execution and investment. Tractor Supply Company opening 90 new stores in 2027
• Negative Sentiment: Profitability weakened: quarterly earnings fell 11.6% from $0.49 per share a year earlier as higher costs and price reductions pressured margins. Tractor Supply Q3 Earnings Beat on Sales Growth, Margins Fall
• Negative Sentiment: The $34 price target from Truist, even after being raised, implies limited upside relative to the shares’ current trading level and reflects lingering concerns about the recovery. Truist raises Tractor Supply price target to $34

About Tractor Supply

Tractor Supply Company NASDAQ: TSCO is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.

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