Tractor Supply (NASDAQ:TSCO) Reaches New 12-Month Low – Here’s Why

Shares of Tractor Supply Company (NASDAQ:TSCO) hit a new 52-week low during trading on Monday . The company traded as low as $33.47 and last traded at $33.5650, with a volume of 700496 shares trading hands. The stock had previously closed at $33.83.

Analysts Set New Price Targets

TSCO has been the topic of a number of recent research reports. BNP Paribas Exane dropped their price target on shares of Tractor Supply from $58.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. Wall Street Zen upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Wolfe Research reiterated an “outperform” rating and issued a $57.00 target price on shares of Tractor Supply in a research note on Friday, January 30th. Piper Sandler cut shares of Tractor Supply from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $51.00 to $36.00 in a research note on Tuesday. Finally, Raymond James Financial lowered their price target on Tractor Supply from $60.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.38.

Tractor Supply Trading Down 0.5%

The company has a market capitalization of $17.11 billion, a PE ratio of 15.95, a PEG ratio of 1.88 and a beta of 0.51. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86. The stock has a fifty day moving average of $44.97 and a two-hundred day moving average of $50.31.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, sell-side analysts anticipate that Tractor Supply Company will post 2.14 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were given a $0.24 dividend. The ex-dividend date was Tuesday, February 24th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.0%. Tractor Supply’s dividend payout ratio is presently 47.06%.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 1,929 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $53.94, for a total value of $104,050.26. Following the sale, the chief financial officer owned 44,736 shares in the company, valued at approximately $2,413,059.84. This represents a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan S. Estep sold 59,745 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $54.03, for a total value of $3,228,022.35. Following the completion of the sale, the executive vice president directly owned 80,931 shares in the company, valued at approximately $4,372,701.93. This represents a 42.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 137,678 shares of company stock valued at $7,458,564 over the last three months. 0.64% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kesler Norman & Wride LLC boosted its stake in shares of Tractor Supply by 1.7% during the 1st quarter. Kesler Norman & Wride LLC now owns 19,771 shares of the specialty retailer’s stock worth $896,000 after acquiring an additional 328 shares during the last quarter. SteelPeak Wealth LLC lifted its position in shares of Tractor Supply by 103.8% during the 1st quarter. SteelPeak Wealth LLC now owns 20,769 shares of the specialty retailer’s stock valued at $941,000 after buying an additional 10,580 shares in the last quarter. Independent Financial Group LLC purchased a new position in shares of Tractor Supply during the 1st quarter valued at about $494,000. Checchi Capital Advisers LLC lifted its position in shares of Tractor Supply by 6.2% during the 1st quarter. Checchi Capital Advisers LLC now owns 6,172 shares of the specialty retailer’s stock valued at $280,000 after buying an additional 362 shares in the last quarter. Finally, ABC Arbitrage SA lifted its position in shares of Tractor Supply by 13.1% during the 1st quarter. ABC Arbitrage SA now owns 4,963 shares of the specialty retailer’s stock valued at $225,000 after buying an additional 574 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

About Tractor Supply

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.