Analysts Set Tractor Supply Company (NASDAQ:TSCO) Price Target at $39.31

Tractor Supply Company (NASDAQ:TSCO) has been assigned an average rating of “Hold” from the twenty-eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $39.3077.

Several equities research analysts have commented on the stock. Raymond James Financial decreased their target price on shares of Tractor Supply from $48.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Evercore restated an “outperform” rating and issued a $40.00 price target on shares of Tractor Supply in a report on Tuesday, July 7th. Wolfe Research set a $34.00 price objective on shares of Tractor Supply in a research note on Thursday, July 16th. Zacks Research downgraded Tractor Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, Wall Street Zen lowered shares of Tractor Supply from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $34.99 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. The firm has a 50 day simple moving average of $32.76 and a 200-day simple moving average of $37.21. The company has a market capitalization of $18.35 billion, a PE ratio of 18.22, a P/E/G ratio of 3.77 and a beta of 0.48. Tractor Supply has a twelve month low of $28.36 and a twelve month high of $60.87.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The firm had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. Tractor Supply’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, equities analysts predict that Tractor Supply will post 1.93 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply’s payout ratio is currently 50.00%.

Insiders Place Their Bets

In other Tractor Supply news, CEO Harry A. Lawton III purchased 15,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the purchase, the chief executive officer owned 15,600 shares in the company, valued at $501,540. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edna Morris acquired 1,560 shares of Tractor Supply stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the purchase, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. The trade was a 0.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 20,310 shares of company stock worth $652,411 over the last ninety days. 0.64% of the stock is owned by company insiders.

Institutional Trading of Tractor Supply

A number of institutional investors and hedge funds have recently made changes to their positions in TSCO. BlackRock Inc. bought a new position in shares of Tractor Supply in the second quarter worth $1,500,967,000. Capital International Investors grew its position in Tractor Supply by 3.9% in the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock worth $1,214,390,000 after buying an additional 902,659 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Tractor Supply by 2,942.0% during the second quarter. California State Teachers Retirement System now owns 23,260,693 shares of the specialty retailer’s stock worth $735,865,000 after purchasing an additional 22,496,041 shares during the period. State Street Corp raised its holdings in Tractor Supply by 0.7% during the 4th quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock worth $1,152,819,000 after buying an additional 162,774 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Tractor Supply by 18.4% in the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after acquiring an additional 2,706,819 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.