Zacks Research Lifts Earnings Estimates for Tractor Supply

Tractor Supply (NASDAQ:TSCO) – Research analysts at Zacks Research raised their FY2024 earnings estimates for Tractor Supply in a report released on Wednesday, January 8th. Zacks Research analyst R. Lohia now anticipates that the specialty retailer will post earnings of $2.05 per share for the year, up from their previous forecast of $2.05. The consensus estimate for Tractor Supply’s current full-year earnings is $10.24 per share. Zacks Research also issued estimates for Tractor Supply’s Q4 2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.84 EPS, Q1 2026 earnings at $0.43 EPS, Q2 2026 earnings at $0.92 EPS, Q3 2026 earnings at $0.54 EPS, Q4 2026 earnings at $0.56 EPS and FY2026 earnings at $2.46 EPS.

A number of other research firms have also recently commented on TSCO. JPMorgan Chase & Co. increased their target price on Tractor Supply from $52.00 to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $67.00 price target on shares of Tractor Supply in a report on Friday, December 6th. UBS Group boosted their price objective on shares of Tractor Supply from $54.40 to $56.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Truist Financial dropped their target price on shares of Tractor Supply from $65.00 to $63.40 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Wells Fargo & Company decreased their price target on shares of Tractor Supply from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.25.

Tractor Supply Stock Performance

Tractor Supply stock opened at $53.18 on Monday. The stock’s 50 day moving average is $55.32 and its 200 day moving average is $55.00. The company has a market capitalization of $28.41 billion, a P/E ratio of 5.17, a PEG ratio of 3.58 and a beta of 0.84. Tractor Supply has a twelve month low of $44.16 and a twelve month high of $61.53. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81.

Tractor Supply Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is 42.72%.

Institutional Investors Weigh In On Tractor Supply

A number of hedge funds have recently made changes to their positions in TSCO. Argent Capital Management LLC raised its position in shares of Tractor Supply by 390.2% in the 4th quarter. Argent Capital Management LLC now owns 451,769 shares of the specialty retailer’s stock valued at $23,971,000 after purchasing an additional 359,617 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Tractor Supply by 2,921.4% in the second quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock worth $96,451,000 after buying an additional 345,402 shares during the last quarter. Covea Finance lifted its stake in shares of Tractor Supply by 672.2% during the fourth quarter. Covea Finance now owns 374,450 shares of the specialty retailer’s stock worth $19,868,000 after buying an additional 325,960 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Tractor Supply by 29,058.6% during the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock valued at $67,865,000 after buying an additional 232,469 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Tractor Supply by 67.4% in the 2nd quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock valued at $109,002,000 after acquiring an additional 162,533 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.