Tractor Supply Company (NASDAQ:TSCO) Receives $45.96 Consensus Price Target from Brokerages

Tractor Supply Company (NASDAQ:TSCO) has earned an average recommendation of “Moderate Buy” from the twenty-eight ratings firms that are currently covering the firm, Marketbeat.com reports. Fourteen research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $45.9615.

Several analysts recently commented on TSCO shares. Bank of America started coverage on shares of Tractor Supply in a research note on Tuesday, April 7th. They set a “neutral” rating and a $47.00 target price for the company. Evercore cut their target price on shares of Tractor Supply from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Tuesday, May 19th. Barclays cut their target price on shares of Tractor Supply from $51.00 to $44.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 22nd. Raymond James Financial cut their target price on shares of Tractor Supply from $60.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Finally, Telsey Advisory Group cut their target price on shares of Tractor Supply from $63.00 to $52.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd.

Tractor Supply Price Performance

TSCO stock opened at $30.24 on Wednesday. Tractor Supply has a 12 month low of $28.36 and a 12 month high of $63.99. The firm has a market cap of $15.86 billion, a PE ratio of 14.82, a P/E/G ratio of 2.29 and a beta of 0.47. The firm has a 50 day simple moving average of $34.04 and a 200 day simple moving average of $44.95. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16.

Tractor Supply (NASDAQ:TSCO) last released its earnings results 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 business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the company earned $0.34 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Equities research analysts forecast that Tractor Supply will post 2.12 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s dividend payout ratio is 47.06%.

Institutional Investors Weigh In On Tractor Supply

Several hedge funds have recently made changes to their positions in TSCO. Bison Wealth LLC lifted its position in shares of Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after acquiring an additional 5,017 shares in the last quarter. Woodline Partners LP lifted its position in shares of Tractor Supply by 40.7% in the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock valued at $2,487,000 after acquiring an additional 13,051 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Tractor Supply by 26.9% in the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock valued at $1,442,000 after acquiring an additional 5,542 shares in the last quarter. Sei Investments Co. lifted its position in shares of Tractor Supply by 1.2% in the 2nd quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock valued at $16,676,000 after acquiring an additional 3,631 shares in the last quarter. Finally, Glenview Trust co lifted its position in shares of Tractor Supply by 36.0% in the 2nd quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock valued at $1,036,000 after acquiring an additional 5,194 shares in the last quarter. Hedge funds and other institutional investors 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.