Tractor Supply Company (NASDAQ:TSCO) Stock Has Consensus Target Price of $39.31

Key Points

• Analysts have a “Hold” consensus on Tractor Supply, with 12 hold, 13 buy, and 3 sell ratings among 28 brokerages. The average 12-month price target is $39.31, above the reported $31.44 share price.
• Tractor Supply’s latest quarterly results slightly missed expectations, with $0.81 in adjusted EPS versus $0.82 expected and $4.54 billion in revenue versus $4.58 billion forecast. Revenue still increased 2.3% year over year.
• The company pays a quarterly dividend of $0.24, equivalent to a 3.1% annualized yield, while insiders recently purchased roughly $652,000 worth of shares.

Shares of Tractor Supply Company (NASDAQ:TSCO - Get Free Report) have been assigned a consensus recommendation of "Hold" from the twenty-eight brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $39.31.

Several research firms recently commented on TSCO. Loop Capital cut their price target on Tractor Supply from $41.00 to $35.00 and set a "hold" rating for the company in a report on Tuesday, June 16th. Raymond James Financial lowered their price objective on Tractor Supply from $48.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, July 17th. UBS Group set a $33.00 target price on Tractor Supply and gave the company a "neutral" rating in a report on Tuesday, July 14th. Evercore reaffirmed an "outperform" rating and issued a $40.00 target price on shares of Tractor Supply in a research note on Tuesday, July 7th. Finally, Wolfe Research set a $34.00 price target on shares of Tractor Supply in a research report on Thursday, July 16th.

Tractor Supply Stock Down 2.6%

Shares of NASDAQ TSCO opened at $31.44 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 $16.49 billion, a PE ratio of 16.38, a P/E/G ratio of 3.54 and a beta of 0.48. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average of $33.42 and a 200 day moving average of $35.36.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The firm's revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, sell-side analysts predict that Tractor Supply will post 1.93 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, August 24th. Tractor Supply's payout ratio is presently 50.00%.

Insider Activity

In other Tractor Supply news, CEO Harry A. Lawton III acquired 15,600 shares of the firm's stock in a transaction that occurred on 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 owned 15,600 shares of the company's stock, valued at approximately $501,540. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andre J. Hawaux acquired 3,150 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average price of $31.83 per share, with a total value of $100,264.50. Following the completion of the transaction, the director directly owned 3,150 shares of the company's stock, valued at $100,264.50. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 20,310 shares of company stock valued at $652,411 in the last 90 days. Company insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On Tractor Supply

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Tractor Supply in the 2nd quarter valued at about $1,500,967,000. Capital International Investors increased its position in shares of Tractor Supply by 3.9% during the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer's stock valued at $1,214,390,000 after acquiring an additional 902,659 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Tractor Supply by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer's stock valued at $791,703,000 after acquiring an additional 184,457 shares during the last quarter. Capital World Investors raised its stake in shares of Tractor Supply by 2.3% in the 4th quarter. Capital World Investors now owns 15,157,047 shares of the specialty retailer's stock valued at $758,004,000 after acquiring an additional 336,040 shares during the period. Finally, State Street Corp raised 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 acquiring an additional 665,648 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

About Tractor Supply

Tractor Supply Company NASDAQ: TSCO is a specialty retailer serving the needs of recreational farmers, ranchers, homeowners, pet owners and other customers who live a rural lifestyle. The company operates Tractor Supply stores across the United States, offering products designed for agriculture, home improvement, outdoor living and animal care.

Its merchandise includes livestock and pet supplies, agricultural and lawn-and-garden equipment, tools, hardware, fencing, workwear, footwear, outdoor power equipment, seasonal goods and home products.

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