Barclays Lowers Tractor Supply (NASDAQ:TSCO) Price Target to $44.00

Key Points

• Barclays cut its price target on Tractor Supply to $44 (from $51) and kept an "equal weight" rating, joining several brokers that trimmed targets even as the consensus rating remains a "Moderate Buy" with an average target near $49.08.
• Shares plunged to about $36.85 (a new 52‑week low) after a Q1 miss—EPS and revenue fell short and comps were essentially flat—triggering momentum selling and deeper analyst downgrades.
• Management reaffirmed FY2026 guidance and cited store/digital growth, but heavy insider selling and mixed analyst sentiment leave near‑term outlook uncertain despite potential income/dividend appeal for value investors.

Tractor Supply (NASDAQ:TSCO - Get Free Report) had its price objective dropped by investment analysts at Barclays from $51.00 to $44.00 in a research note issued on Wednesday,MarketScreener reports. The firm currently has an "equal weight" rating on the specialty retailer's stock. Barclays's price objective points to a potential upside of 19.41% from the company's previous close.

Several other brokerages also recently weighed in on TSCO. Jefferies Financial Group reissued a "buy" rating and issued a $51.00 target price on shares of Tractor Supply in a research note on Tuesday. DA Davidson reduced their price target on shares of Tractor Supply from $60.00 to $50.00 and set a "buy" rating on the stock in a research note on Wednesday. Gordon Haskett downgraded shares of Tractor Supply from an "accumulate" rating to a "hold" rating and reduced their price target for the stock from $57.00 to $50.00 in a research note on Thursday, January 8th. BNP Paribas Exane reduced their price target on shares of Tractor Supply from $58.00 to $45.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group set a $59.00 price target on shares of Tractor Supply and gave the stock a "buy" rating in a research note on Friday, January 30th. Fifteen equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.08.

Tractor Supply Trading Down 3.5%

Shares of TSCO traded down $1.32 during midday trading on Wednesday, hitting $36.85. The stock had a trading volume of 7,232,407 shares, compared to its average volume of 7,320,823. Tractor Supply has a 1 year low of $36.86 and a 1 year high of $63.99. The firm has a market cap of $19.38 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 2.09 and a beta of 0.75. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16. The stock's 50 day moving average is $47.59 and its 200 day moving average is $51.34.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The firm had revenue of $3.59 billion during the quarter, compared to analysts' expectations of $3.64 billion. During the same period in the prior year, the company posted $0.34 EPS. The company's revenue was up 3.6% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, analysts forecast that Tractor Supply will post 2.17 EPS for the current fiscal year.

Insider Activity at Tractor Supply

In other Tractor Supply news, EVP Colin Yankee sold 11,170 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $55.35, for a total transaction of $618,259.50. Following the transaction, the executive vice president directly owned 45,515 shares in the company, valued at $2,519,255.25. This represents a 19.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert D. Mills sold 62,950 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the transaction, the executive vice president owned 122,834 shares in the company, valued at approximately $6,647,776.08. The trade was a 33.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 222,348 shares of company stock worth $11,959,621 over the last quarter. Corporate insiders own 0.64% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPL Wealth Management LLC bought a new position in Tractor Supply during the 3rd quarter worth about $28,000. Garner Asset Management Corp bought a new position in Tractor Supply during the 4th quarter worth about $25,000. Reflection Asset Management bought a new position in Tractor Supply during the 4th quarter worth about $26,000. Core Wealth Advisors LLC bought a new position in Tractor Supply during the 4th quarter worth about $27,000. Finally, Aventura Private Wealth LLC bought a new position in Tractor Supply during the 4th quarter worth about $27,000. 98.72% of the stock is currently owned by institutional investors.

Key Tractor Supply News

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

• Positive Sentiment: Reaffirmed guidance, store growth and digital momentum: Q1 results showed net sales up 3.6% driven by 40 new stores and double‑digit digital growth; management kept FY 2026 guidance intact, which limits near‑term downside risk. Earnings Highlights
• Positive Sentiment: Income/contrarian angle: the stock’s drop has pushed yield higher and some retail commentary calls the name “oversold,” supporting a potential value/dividend trade for income investors. Fool: Dividend Opportunity
• Positive Sentiment: Some brokers still maintain bullish stances (Citigroup retained a buy rating despite cutting its target; DA Davidson has also kept a buy-oriented view even after lowering its target), indicating pockets of analyst support for upside—though targets were trimmed. (Benzinga coverage)
• Neutral Sentiment: Valuation comparison: analyses comparing Tractor Supply to peers like Petco (WOOF) suggest mixed signals on which is the better value right now—useful background but not a direct catalyst. Zacks: WOOF vs TSCO
• Negative Sentiment: Q1 miss and flat comps sparked the selloff: EPS and revenue both missed Street expectations and same‑store sales were essentially flat, the primary immediate driver of the decline. Why TSCO Is Down
• Negative Sentiment: Multiple analyst downgrades/target cuts: several large brokers trimmed price targets or lowered expectations (UBS, Mizuho, Morgan Stanley, Wells Fargo, Telsey, Piper Sandler, DA Davidson among others), increasing selling pressure and reducing near‑term upside consensus. Examples: UBS Pessimistic Mizuho Lowers Expectations Morgan Stanley Forecast
• Negative Sentiment: Technical/market reaction: the post‑earnings move set a new 52‑week low and triggered further momentum selling, amplifying the price decline. New 1-Year Low

About Tractor Supply

Tractor Supply Company NASDAQ: TSCO is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.

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