Tractor Supply (NASDAQ:TSCO) Given New $38.00 Price Target at BNP Paribas Exane

Key Points

• BNP Paribas Exane raised Tractor Supply’s price target from $34 to $38 while maintaining an “outperform” rating, implying approximately 9.4% upside from the stock’s current price.
• Tractor Supply exceeded third-quarter expectations, reporting EPS of $0.43 versus the $0.41 consensus and revenue of $3.91 billion, up 5.1% year over year. However, EPS declined from $0.49 a year earlier as margin pressures weighed on profitability.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $38.81, while insiders purchased 20,310 shares worth approximately $652,000 during the last quarter.

Tractor Supply (NASDAQ:TSCO - Get Free Report) had its target price hoisted by stock analysts at BNP Paribas Exane from $34.00 to $38.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an "outperform" rating on the specialty retailer's stock. BNP Paribas Exane's price objective suggests a potential upside of 9.42% from the stock's current price.

Several other brokerages have also recently issued reports on TSCO. Evercore reaffirmed an "outperform" rating and issued a $40.00 target price on shares of Tractor Supply in a report on Tuesday, July 7th. Zacks Research raised shares of Tractor Supply from a "strong sell" rating to a "hold" rating in a research report on Monday, October 5th. Robert W. Baird boosted their price objective on shares of Tractor Supply from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday. Weiss Ratings upgraded shares of Tractor Supply from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, September 28th. Finally, Telsey Advisory Group cut their target price on Tractor Supply from $40.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, July 24th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Tractor Supply has a consensus rating of "Hold" and an average price target of $38.81.

Tractor Supply Trading Up 6.2%

NASDAQ TSCO opened at $34.73 on Friday. 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. The stock's fifty day moving average price is $33.56 and its 200-day moving average price is $33.40. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83.

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

Insiders Place Their Bets

In related news, Director Edna Morris bought 1,560 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was acquired at an average cost 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 approximately $9,074,116.80. This represents a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Harry Lawton, III purchased 15,600 shares of the stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the acquisition, the chief executive officer directly owned 15,600 shares in the company, valued at approximately $501,540. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 20,310 shares of company stock valued at $652,411. Company insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On Tractor Supply

Large investors have recently made changes to their positions in the company. Elevation Wealth Partners LLC boosted its holdings in shares of Tractor Supply by 1,253.4% in the second quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer's stock worth $25,000 after buying an additional 727 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new position in Tractor Supply in the second quarter worth approximately $26,000. Community Financial Services Group LLC raised its position in Tractor Supply by 3,240.0% in the second quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 810 shares during the period. Bullseye Investment Management LLC bought a new stake in shares of Tractor Supply during the 2nd quarter valued at $31,000. Finally, Pingora Partners LLC bought a new stake in shares of Tractor Supply during the 2nd quarter valued at $32,000. 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

Tractor Supply Company Profile

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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