Tractor Supply (NASDAQ:TSCO) Announces Earnings Results

Key Points

• Quarterly miss and guidance update: Tractor Supply reported EPS of $0.31 (vs. $0.34 expected) and revenue of $3.59B (vs. $3.64B), and updated FY 2026 guidance to $2.130–$2.230 EPS.
• Dividend increase: The company raised its quarterly dividend to $0.24 ($0.96 annual), implying a 2.1% yield and a dividend payout ratio of 46.38%.
• Insider selling and analyst backdrop: Insiders sold 222,348 shares (~$12M) over the last 90 days, while analysts hold a "Moderate Buy" consensus with a $57.78 average price target.

Tractor Supply (NASDAQ:TSCO - Get Free Report) posted its quarterly earnings data on Tuesday. The specialty retailer reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.03), FiscalAI reports. Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The firm had revenue of $3.59 billion for the quarter, compared to analysts' expectations of $3.64 billion. Tractor Supply updated its FY 2026 guidance to 2.130-2.230 EPS.

Tractor Supply Trading Down 0.4%

Shares of NASDAQ:TSCO opened at $44.81 on Tuesday. The firm has a fifty day moving average of $48.52 and a two-hundred day moving average of $51.64. The firm has a market capitalization of $23.57 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 2.40 and a beta of 0.75. Tractor Supply has a 12-month low of $43.23 and a 12-month high of $63.99. The company has a quick ratio of 0.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.70.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were paid a dividend of $0.24 per share. This is an increase from Tractor Supply's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.1%. Tractor Supply's dividend payout ratio (DPR) is 46.38%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TSCO. The Goldman Sachs Group set a $59.00 price objective on shares of Tractor Supply and gave the company a "buy" rating in a research note on Friday, January 30th. Gordon Haskett lowered shares of Tractor Supply from an "accumulate" rating to a "hold" rating and reduced their price objective for the company from $57.00 to $50.00 in a research note on Thursday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of Tractor Supply from $62.00 to $59.00 and set a "neutral" rating for the company in a research note on Friday, January 30th. Robert W. Baird set a $60.00 price objective on shares of Tractor Supply and gave the company an "outperform" rating in a research note on Friday. Finally, Telsey Advisory Group reduced their price objective on shares of Tractor Supply from $70.00 to $63.00 and set an "outperform" rating for the company in a research note on Thursday, January 29th. Fourteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $57.78.

Insider Activity at Tractor Supply

In other Tractor Supply news, EVP Robert D. Mills sold 62,950 shares of Tractor Supply stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the completion of the sale, the executive vice president owned 122,834 shares of the company's stock, valued at $6,647,776.08. This trade represents a 33.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Harry A. Lawton III sold 84,670 shares of Tractor Supply stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $53.16, for a total transaction of $4,501,057.20. Following the sale, the chief executive officer directly owned 606,842 shares of the company's stock, valued at $32,259,720.72. This trade represents a 12.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 222,348 shares of company stock worth $11,959,621. 0.64% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tractor Supply

A number of hedge funds have recently added to or reduced their stakes in the company. Advyzon Investment Management LLC increased its holdings in Tractor Supply by 4.3% in the fourth quarter. Advyzon Investment Management LLC now owns 4,462 shares of the specialty retailer's stock worth $223,000 after buying an additional 183 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Tractor Supply by 22.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,190 shares of the specialty retailer's stock worth $63,000 after buying an additional 220 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in Tractor Supply by 0.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 56,698 shares of the specialty retailer's stock worth $2,835,000 after buying an additional 222 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in Tractor Supply by 2.8% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 9,651 shares of the specialty retailer's stock worth $549,000 after buying an additional 266 shares during the last quarter. Finally, Colonial Trust Co SC increased its holdings in Tractor Supply by 8.9% in the fourth quarter. Colonial Trust Co SC now owns 3,514 shares of the specialty retailer's stock worth $176,000 after buying an additional 288 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Tractor Supply Company Profile

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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