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 analyst expectations for both earnings per share and revenue in its latest quarterly report, posting $0.81 EPS against a consensus of $0.82 and revenue of $4.54 billion against an estimate of $4.58 billion, indicating potential challenges in maintaining growth momentum.
• The company has lowered its full-year 2026 earnings guidance to a range of $1.90 to $2.00 per share, which is below the previous consensus estimate of $2.11, reflecting a downward revision in expected profitability for the current fiscal year.
• Short interest in the stock has increased significantly, with shares shorted rising to 39.38 million as of September 2026, representing a 7.56% short percentage of the float, which suggests a growing number of investors are betting against the stock's future performance.
• The stock is trading near its 52-week low of $28.36, having fallen from a high of $58.21, indicating a substantial decline in value over the past year that may reflect deeper structural issues or a loss of investor confidence in the company's growth story.
• Several major institutional investors, including Corient Private Wealth LP and Sequoia Financial Advisors LLC, have reduced their positions in Tractor Supply during the second quarter, with Corient cutting its stake by 57.0% and Sequoia by 59.2%, signaling a lack of conviction among large holders.