Tractor Supply (TSCO) Stock Forecast & Price Target

Tractor Supply
Bear Case

Investors should be bearish about investing in Tractor Supply for these reasons:

• Tractor Supply recently missed its quarterly earnings expectations, reporting $0.81 in earnings per share compared to the consensus estimate of $0.82, and revenue of $4.54 billion fell short of the $4.58 billion expected by analysts.
• The company has lowered its full-year 2026 earnings per share guidance to a range of $1.90 to $2.00, which is below the previous consensus estimate of $2.11, indicating a potential slowdown in profitability.
• Short interest in Tractor Supply has increased, with shares shorted rising to 39.38 million as of September 2026, reflecting growing bearish sentiment among traders who expect the stock price to decline.
• Major institutional investors have reduced their exposure to the stock, such as Envestnet Asset Management Inc., which cut its holdings by 90.6% in the second quarter, signaling a lack of confidence from large fund managers.
• Tractor Supply's stock price has declined significantly from its 52-week high of $58.21 to the current level of $32.52, indicating a substantial drop in market valuation and investor confidence over the past year.