Tractor Supply (NASDAQ:TSCO) Price Target Raised to $38.00

Tractor Supply (NASDAQ:TSCO) had its price objective upped by JPMorgan Chase & Co. from $35.00 to $38.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the specialty retailer’s stock.

TSCO has been the subject of several other reports. Zacks Research upgraded Tractor Supply from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Mizuho set a $31.00 price objective on Tractor Supply in a report on Friday. Guggenheim set a $40.00 price objective on shares of Tractor Supply and gave the company a “buy” rating in a research report on Friday, July 24th. Robert W. Baird lifted their target price on shares of Tractor Supply from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $38.00 target price (down from $43.00) on shares of Tractor Supply in a research report on Friday, July 24th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.62.

Tractor Supply Price Performance

TSCO opened at $33.42 on Friday. The stock has a market cap of $17.53 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 2.16 and a beta of 0.52. Tractor Supply has a 1 year low of $28.36 and a 1 year high of $58.20. The company has a current ratio of 1.38, a quick ratio of 0.20 and a debt-to-equity ratio of 0.86. The stock has a fifty day moving average price of $33.51 and a 200 day moving average price of $33.32.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, October 22nd. The specialty retailer reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Tractor Supply had a return on equity of 40.05% and a net margin of 6.13%. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts forecast that Tractor Supply will post 1.94 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.9%. Tractor Supply’s payout ratio is currently 51.61%.

Insider Transactions at Tractor Supply

In related news, CEO Harry A. Lawton III acquired 15,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average cost of $32.15 per share, with a total value of $501,540.00. Following the purchase, the chief executive officer owned 15,600 shares of the company’s stock, valued at approximately $501,540. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andre J. Hawaux bought 3,150 shares of Tractor Supply stock in a transaction that occurred on Monday, August 3rd. The stock was bought at an average price of $31.83 per share, with a total value of $100,264.50. Following the completion of the acquisition, the director owned 3,150 shares in the company, valued at approximately $100,264.50. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 20,310 shares of company stock worth $652,411. 0.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tractor Supply

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSCO. Elevation Wealth Partners LLC raised its position in shares of Tractor Supply by 1,253.4% in the second quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 727 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new position in Tractor Supply during the 2nd quarter worth $26,000. Community Financial Services Group LLC lifted its position in Tractor Supply by 3,240.0% during the 2nd quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 810 shares during the last quarter. Bullseye Investment Management LLC acquired a new position in Tractor Supply during the 2nd quarter worth $31,000. Finally, Pingora Partners LLC bought a new stake in Tractor Supply during the second quarter valued at about $32,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply News Roundup

Here are the key news stories impacting Tractor Supply this week:

• Positive Sentiment: Sales and guidance exceeded expectations. Third-quarter revenue increased 5.1% to $3.91 billion, surpassing the $3.82 billion consensus estimate, while comparable-store sales rose 0.4%. Tractor Supply reaffirmed its fiscal 2026 outlook, including EPS guidance of $1.90–$2.00 and revenue guidance of $15.9 billion–$16.1 billion. Tractor Supply Company Reports Third Quarter 2026 Financial Results; Reaffirms Fiscal Year 2026 Outlook
• Positive Sentiment: Analyst price targets moved higher. JPMorgan raised its target to $38 while maintaining a neutral rating; BNP Paribas Exane lifted its target to $38 with an outperform rating; and Robert W. Baird raised its target to $40 with an outperform rating. JPMorgan Tractor Supply price target
• Positive Sentiment: Management outlined longer-term cost and growth initiatives. Tractor Supply plans approximately $75 million in annual SG&A reductions over 2027–2028, expects 2027 capital expenditures below 4% of sales, and plans to open about 90 stores with larger garden centers. The company also used part of tariff refunds to support lower prices. Tractor Supply outlines capital expenditures and cost reductions
• Neutral Sentiment: Insider buying offers a counterpoint. Reported open-market transactions over the past six months included purchases by CEO Harry Lawton and other executives, although institutional positioning was mixed, with 501 investors adding shares and 646 reducing positions in the latest quarter.
• Negative Sentiment: Profitability deteriorated despite the revenue beat. Third-quarter EPS was $0.43, below the prior-year $0.49, while higher costs, distribution expenses, new-store investments and price reductions pressured margins. Management also indicated that fourth-quarter gross margin could decline year over year, raising concerns about earnings quality and limiting the bullish impact of the sales growth. Tractor Supply stock slides as third-quarter results expose margin strain

About Tractor Supply

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.