Tractor Supply (NASDAQ:TSCO) Given New $41.00 Price Target at Daiwa Securities Group

Key Points

• Daiwa Securities cut Tractor Supply's price target to $41 from $52 and maintained a "neutral" rating, implying roughly an 11.3% upside from the current share price.
• Tractor Supply reported a Q1 miss (EPS $0.31 vs. $0.35 expected) with flat same‑store sales and weaker revenue, sparking a selloff to a 12‑month low (~$36.85) even as management kept FY2026 guidance of $2.130–2.230 EPS.
• Insiders sold heavily this quarter (222,348 shares, about $12.0M), while institutional ownership remains high and analysts' consensus target is around $49.08 with an average "Moderate Buy" rating.

Tractor Supply (NASDAQ:TSCO - Get Free Report) had its price objective dropped by analysts at Daiwa Securities Group from $52.00 to $41.00 in a research note issued to investors on Thursday,MarketScreener reports. The brokerage presently has a "neutral" rating on the specialty retailer's stock. Daiwa Securities Group's target price suggests a potential upside of 11.27% from the stock's current price.

TSCO has been the subject of several other reports. Piper Sandler dropped their target price on shares of Tractor Supply from $59.00 to $51.00 and set an "overweight" rating for the company in a research report on Wednesday. Mizuho dropped their target price on shares of Tractor Supply from $58.00 to $50.00 and set an "outperform" rating for the company in a research report on Wednesday. Gordon Haskett lowered shares of Tractor Supply from an "accumulate" rating to a "hold" rating and dropped their target price for the company from $57.00 to $50.00 in a research report on Thursday, January 8th. Wolfe Research reiterated an "outperform" rating and set a $57.00 target price on shares of Tractor Supply in a research report on Friday, January 30th. Finally, Robert W. Baird set a $60.00 target price on shares of Tractor Supply and gave the company an "outperform" rating in a research report on Friday, April 17th. Fifteen research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $49.08.

Tractor Supply Price Performance

NASDAQ:TSCO traded down $1.32 during mid-day trading on Thursday, hitting $36.85. 7,232,407 shares of the stock traded hands, compared to its average volume of 7,320,823. The business's 50-day moving average price is $47.59 and its 200 day moving average price is $51.34. The company 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. Tractor Supply has a 12-month low of $36.86 and a 12-month high of $63.99. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 EPS 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 for the quarter, compared to analysts' expectations of $3.64 billion. During the same period in the prior year, the firm posted $0.34 EPS. Tractor Supply's revenue was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, analysts expect that Tractor Supply will post 2.17 EPS for the current fiscal year.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 1,884 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $53.81, for a total value of $101,378.04. Following the completion of the sale, the chief financial officer directly owned 52,562 shares in the company, valued at approximately $2,828,361.22. The trade was a 3.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan S. Estep sold 59,745 shares of the business's stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $54.03, for a total transaction of $3,228,022.35. Following the completion of the sale, the executive vice president owned 80,931 shares of the company's stock, valued at approximately $4,372,701.93. The trade was a 42.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 222,348 shares of company stock worth $11,959,621. Corporate insiders own 0.64% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TSCO. Bison Wealth LLC increased its stake in shares of Tractor Supply by 356.1% in the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer's stock worth $341,000 after buying an additional 5,017 shares during the period. Woodline Partners LP increased its stake in shares of Tractor Supply by 40.7% in the first quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer's stock worth $2,487,000 after buying an additional 13,051 shares during the period. Intech Investment Management LLC increased its stake in shares of Tractor Supply by 26.9% in the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer's stock worth $1,442,000 after buying an additional 5,542 shares during the period. Sei Investments Co. increased its stake in shares of Tractor Supply by 1.2% in the second quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer's stock worth $16,676,000 after buying an additional 3,631 shares during the period. Finally, Glenview Trust co increased its stake in shares of Tractor Supply by 36.0% in the second quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer's stock worth $1,036,000 after buying an additional 5,194 shares during the period. 98.72% of the stock is owned by hedge funds and other 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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