NASDAQ:TSCO

Tractor Supply (TSCO) Stock Forecast, Price & News

$203.05

-0.37 (-0.18%)

(As of 09/29/2023 ET)

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Today's Range: $202.14
▼
$206.39
50-Day Range: $203.01
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$227.14
52-Week Range: $181.40
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$251.17

Volume: 1.34 million shs
Average Volume: 982,675 shs
Market Capitalization: $22.09 billion

P/E Ratio: 20.28
Dividend Yield: 2.03%
Price Target: $247.36

Tractor Supply MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.72 Rating Score
Upside/Downside: 21.8% Upside
$247.36 Price Target
Short Interest: Bearish
9.93% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -1.65
Upright™ Environmental Score
News Sentiment: 0.53
Based on 30 Articles This Week
Insider Trading: Selling Shares
$1.67 M Sold Last Quarter
Proj. Earnings Growth: 8.98%
From $10.25 to $11.17 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.56 out of 5 stars

Retail/Wholesale Sector

54th out of 215 stocks

Building Materials, Hardware, Garden Supply & Mobile Home Dealers Industry

1st out of 5 stocks

3.4

Analyst's Opinion

Consensus Rating
Tractor Supply has received a consensus rating of Moderate Buy. The company's average rating score is 2.72, and is based on 16 buy ratings, 8 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $247.36, Tractor Supply has a forecasted upside of 21.8% from its current price of $203.05.
Amount of Analyst Coverage
Tractor Supply has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
9.93% of the float of Tractor Supply has been sold short.
Short Interest Ratio / Days to Cover
Tractor Supply has a short interest ratio ("days to cover") of 8.9.
Change versus previous month
Short interest in Tractor Supply has recently increased by 13.25%, indicating that investor sentiment is decreasing significantly.

4.2

Dividend Strength

Dividend Yield
Tractor Supply pays a meaningful dividend of 2.03%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Tractor Supply has been increasing its dividend for 14 years.
Dividend Coverage
The dividend payout ratio of Tractor Supply is 41.16%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Tractor Supply will have a dividend payout ratio of 36.88% next year. This indicates that Tractor Supply will be able to sustain or increase its dividend.

1.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Tractor Supply has received a -21.84% net impact score from Upright. The largest negative impact of Tractor Supply in category "GHG emissions" seems to be driven mostly by its "Physical retail of agricultural machinery and equipment at a home improvement store", "Physical retail of cleaning supplies at a home improvement store", "Physical retail of construction materials at a home improvement store", and "Physical retail of home electrical appliances at a home improvement store" products. See details.
Environmental Sustainability
The Environmental Impact score for Tractor Supply is -1.65.

2.5

News and Social Media Coverage

News Sentiment
Tractor Supply has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 30 news articles for Tractor Supply this week, compared to 10 articles on an average week.
Search Interest
Only 9 people have searched for TSCO on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.
MarketBeat Follows
15 people have added Tractor Supply to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tractor Supply insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,665,333.00 in company stock.
Percentage Held by Insiders
Only 0.24% of the stock of Tractor Supply is held by insiders.
Percentage Held by Institutions
90.38% of the stock of Tractor Supply is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Tractor Supply are expected to grow by 8.98% in the coming year, from $10.25 to $11.17 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Tractor Supply is 20.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 105.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tractor Supply is 20.28, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 18.00.
Price to Earnings Growth Ratio
Tractor Supply has a PEG Ratio of 2.54. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Tractor Supply has a P/B Ratio of 10.94. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Tractor Supply (NASDAQ:TSCO) Stock

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use. It provides its products under the 4health, Producer's Pride, American Farmworks, Red Shed, Bit & Bridle, Redstone, Blue Mountain, Retriever, C.E. Schmidt, Ridgecut, Countyline, Royal Wing, Dumor, Strive, Groundwork, Traveller, Huskee, Treeline, JobSmart, TSC Tractor Supply Co, Paws & Claws, and Untamed brands. The company operates its retail stores under the Tractor Supply Company, Orscheln Farm and Home, and Petsense names; and operates websites under the TractorSupply.com and Petsense.com names. It sells its products to recreational farmers, ranchers, and others. The company was founded in 1938 and is based in Brentwood, Tennessee.

TSCO Price History

30 days | 90 days | 365 days | Advanced Chart

TSCO Stock News Headlines

September 13, 2023 | marketbeat.com

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September 8, 2023 | marketbeat.com

3 Stocks to Play the Easing Food Supply Chain (TSCO)

Supply chains in the United States are coming back to normal levels, enabling profit expansion trends to take over the industry and these three stocks.

October 1, 2023 | Goldco (Ad)

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October 1, 2023 | investing.com

Nike Pulled From the Game; Tractor Supply Poised to Fly: Street Calls of the Week

October 1, 2023 | americanbankingnews.com

Wolfe Research Initiates Coverage on Tractor Supply (NASDAQ:TSCO)

September 30, 2023 | msn.com

Wolfe Research Reiterates Tractor Supply (TSCO) Outperform Recommendation

September 30, 2023 | theglobeandmail.com

This Phenomenal Winning Stock Is Down 18%: 3 Brilliant Moves for Investors to Make

September 30, 2023 | americanbankingnews.com

Tractor Supply (NASDAQ:TSCO) Rating Increased to Buy at DA Davidson

October 1, 2023 | Goldco (Ad)

Biden's Digital Dollar Nightmare

September 29, 2023 | za.investing.com

Tractor Supply 'above the competition' - Wolfe Research sees company continuing to outperform

September 29, 2023 | markets.businessinsider.com

Tractor Supply Company: A Growth-Focused Buy Rating Amid Industry Challenges

September 29, 2023 | americanbankingnews.com

Gordon Haskett Downgrades Tractor Supply (NASDAQ:TSCO) to Accumulate

September 28, 2023 | msn.com

Tractor Supply Company gets DA Davidson upgrade

September 28, 2023 | msn.com

Tractor Supply store opening in Berks, more development coming next door

September 26, 2023 | finance.yahoo.com

Investors Could Be Concerned With Tractor Supply's (NASDAQ:TSCO) Returns On Capital

September 26, 2023 | finance.yahoo.com

Where Will Tractor Supply Stock Be in 5 Years?

September 25, 2023 | businesswire.com

Petsense by Tractor Supply Partners With Puppies and Golf to Support Shelters and Rescues Around the Country

September 25, 2023 | bizjournals.com

Tractor Supply Co. plans new Moore County store as big-box retailers flock to area

September 25, 2023 | americanbankingnews.com

Zacks Research Weighs in on Tractor Supply's Q4 2024 Earnings (NASDAQ:TSCO)

September 23, 2023 | americanbankingnews.com

Q3 2023 EPS Estimates for Tractor Supply (NASDAQ:TSCO) Cut by Zacks Research

September 22, 2023 | finance.yahoo.com

2 Fantastic Reasons Tractor Supply Should Continue Harvesting Growth for Investors

September 21, 2023 | americanbankingnews.com

Tractor Supply (NASDAQ:TSCO) Receives Consensus Recommendation of "Moderate Buy" from Analysts

September 20, 2023 | forbes.com

Tractor Supply Is Making Hay the Old-Fashioned Way: People Over Products

September 20, 2023 | msn.com

Alachua student wins Tractor Supply scholarship

September 15, 2023 | yahoo.com

What Tractor Supply’s CEO Says About Millennials and Retail Crime

September 12, 2023 | finance.yahoo.com

Tractor Supply Celebrates Pets of All Kinds During Pet Appreciation Days

September 12, 2023 | msn.com

Tractor Supply: A Proven Blue Chip Dividend Stock For Your Dividend Growth

See More Headlines

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TSCO Company Calendar

Last Earnings: 7/27/2023
Ex-Dividend for 9/12 Dividend: 8/25/2023
Dividend Payable: 9/12/2023
Today: 10/01/2023
Next Earnings (Estimated): 10/19/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Building materials, hardware, garden supply & mobile home dealers
Sub-Industry: Specialty Stores
Sector: Retail/Wholesale
Current Symbol: NASDAQ:TSCO
CUSIP: 89235610
CIK: 916365
Web: www.tractorsupply.com
Phone: (615) 440-4000
Fax: N/A
Employees: 49,000
Year Founded: 1938

Price Target and Rating

Average Stock Price Forecast: $247.36
High Stock Price Forecast: $280.00
Low Stock Price Forecast: $215.00
Forecasted Upside/Downside: +21.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.72
Research Coverage: 25 Analysts

Profitability

EPS (Most Recent Fiscal Year): $10.01
Trailing P/E Ratio: 20.28
Forward P/E Ratio: 19.79
P/E Growth: 2.55
Net Income: $1.09 billion
Net Margins: 7.52%
Pretax Margin: 9.67%
Return on Equity: 55.57%
Return on Assets: 12.94%

Debt

Debt-to-Equity Ratio: 0.84
Current Ratio: 1.60
Quick Ratio: 0.41

Sales & Book Value

Annual Sales: $14.76 billion
Price / Sales: 1.50
Cash Flow: $12.98 per share
Price / Cash Flow: 15.64
Book Value: $18.56 per share
Price / Book: 10.94

Miscellaneous

Outstanding Shares: 108,808,000
Free Float: 108,547,000
Market Cap: $22.09 billion
Optionable: Optionable
Beta: 0.80

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Key Executives

Mr. Harry A. Lawton III (Age 49)
Pres, CEO & Director
Comp: $3.48M

Mr. Kurt D. Barton (Age 51)
Exec. VP, CFO & Treasurer
Comp: $1.29M

Mr. Robert D. Mills (Age 50)
Exec. VP and Chief Technology, Digital Commerce & Strategy Officer
Comp: $1.21M

Mr. John P. Ordus (Age 47)
Exec. VP & Chief Stores Officer
Comp: $1.19M

Mr. Jonathan Seth Estep (Age 43)
Exec. VP & Chief Merchandising Officer
Comp: $1.19M

Ms. Mary Winn Pilkington
Sr. VP of Investor Relations & PR

Ms. Noni L. Ellison (Age 51)
Sr. VP, Gen. Counsel & Corp. Sec.

Ms. Kimberley S. Gardiner (Age 54)
Sr. VP & Chief Marketing Officer

Ms. Melissa D. Kersey (Age 48)
Exec. VP & Chief HR Officer

Mr. Colin W. Yankee (Age 45)
Exec. VP & Chief Supply Chain Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TSCO Stock - Frequently Asked Questions

Should I buy or sell Tractor Supply stock right now?: 25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tractor Supply in the last year. There are currently 8 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TSCO shares.
View TSCO analyst ratings or view top-rated stocks.
What is Tractor Supply's stock price forecast for 2023?: 25 brokerages have issued 1 year target prices for Tractor Supply's shares. Their TSCO share price forecasts range from $215.00 to $280.00. On average, they predict the company's share price to reach $247.36 in the next year. This suggests a possible upside of 21.8% from the stock's current price.
View analysts price targets for TSCO or view top-rated stocks among Wall Street analysts.
How have TSCO shares performed in 2023?: Tractor Supply's stock was trading at $224.97 at the start of the year. Since then, TSCO stock has decreased by 9.7% and is now trading at $203.05.
View the best growth stocks for 2023 here.
When is Tractor Supply's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our TSCO earnings forecast.
How were Tractor Supply's earnings last quarter?: Tractor Supply (NASDAQ:TSCO) released its quarterly earnings results on Thursday, July, 27th. The specialty retailer reported $3.83 earnings per share for the quarter, missing analysts' consensus estimates of $3.91 by $0.08. The specialty retailer earned $4.18 billion during the quarter, compared to analysts' expectations of $4.26 billion. Tractor Supply had a net margin of 7.52% and a trailing twelve-month return on equity of 55.57%. The company's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.53 earnings per share.
Read the conference call transcript.
How often does Tractor Supply pay dividends? What is the dividend yield for Tractor Supply?: Tractor Supply announced a quarterly dividend on Wednesday, August 9th. Investors of record on Monday, August 28th will be paid a dividend of $1.03 per share on Tuesday, September 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, August 25th.
Read our dividend analysis for TSCO.
What ETFs hold Tractor Supply's stock?: ETFs with the largest weight of Tractor Supply (NASDAQ:TSCO) stock in their portfolio include Invesco Building & Construction ETF (PKB), Invesco Focused Discovery Growth ETF (IVDG), VictoryShares Nasdaq Next 50 ETF (QQQN), 2ndVote Society Defended ETF (EGIS), Motley Fool Mid-Cap Growth ETF (TMFM), Nuveen ESG Mid-Cap Growth ETF (NUMG), Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and Thrivent Small-Mid Cap ESG ETF (TSME).
Is Tractor Supply a good dividend stock?: Tractor Supply (NASDAQ:TSCO) pays an annual dividend of $4.12 per share and currently has a dividend yield of 2.03%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 41.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TSCO will have a dividend payout ratio of 36.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TSCO.

What guidance has Tractor Supply issued on next quarter's earnings?: Tractor Supply updated its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $10.20-$10.40 for the period, compared to the consensus estimate of $10.41. The company issued revenue guidance of $14.80 billion-$14.90 billion, compared to the consensus revenue estimate of $15.17 billion.
What is Hal Lawton's approval rating as Tractor Supply's CEO?: 90 employees have rated Tractor Supply Chief Executive Officer Hal Lawton on Glassdoor.com. Hal Lawton has an approval rating of 86% among the company's employees.
What other stocks do shareholders of Tractor Supply own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Tractor Supply investors own include NVIDIA (NVDA), Johnson & Johnson (JNJ), PayPal (PYPL), Advanced Micro Devices (AMD), Walt Disney (DIS), Netflix (NFLX), Visa (V), Starbucks (SBUX), Mastercard (MA) and Salesforce (CRM).
What is Tractor Supply's stock symbol?: Tractor Supply trades on the NASDAQ under the ticker symbol "TSCO."
How do I buy shares of Tractor Supply?: Shares of TSCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Tractor Supply's stock price today?: One share of TSCO stock can currently be purchased for approximately $203.05.
How much money does Tractor Supply make?: Tractor Supply (NASDAQ:TSCO) has a market capitalization of $22.09 billion and generates $14.76 billion in revenue each year. The specialty retailer earns $1.09 billion in net income (profit) each year or $10.01 on an earnings per share basis.
How many employees does Tractor Supply have?: The company employs 49,000 workers across the globe.
Does Tractor Supply have any subsidiaries?: The following companies are subsidiares of Tractor Supply: Del's Feed & Farm Supply, Dels Farm Supply LLC, Orscheln Farm and Home, Petsense LLC, Quality Stores, TSC Franklin DC LLC, TSC Navarre DC LLC, TSC Purchasing LLC, TSC SSC Bond LLC, Tractor Supply Co. of Michigan LLC, Tractor Supply Co. of Texas LP, and Tractor Supply Company of Utah LLC.
Read More
How can I contact Tractor Supply?: Tractor Supply's mailing address is 5401 VIRGINIA WAY, BRENTWOOD TN, 37027. The official website for the company is www.tractorsupply.com. The specialty retailer can be reached via phone at (615) 440-4000 or via email at investorrelations@tractorsupply.com.

This page (NASDAQ:TSCO) was last updated on 10/1/2023 by MarketBeat.com Staff

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