Tractor Supply (NASDAQ:TSCO) Releases FY 2026 Earnings Guidance

Tractor Supply (NASDAQ:TSCO) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.130-2.230 for the period, compared to the consensus estimate of 2.180. The company issued revenue guidance of $16.1 billion-$16.5 billion, compared to the consensus revenue estimate of $16.3 billion.

Tractor Supply Stock Performance

Shares of TSCO opened at $39.57 on Wednesday. The stock’s 50-day simple moving average is $48.23 and its 200 day simple moving average is $51.52. The stock has a market capitalization of $20.81 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 2.39 and a beta of 0.75. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.16 and a current ratio of 1.34. Tractor Supply has a 52-week low of $38.92 and a 52-week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Research analysts forecast that Tractor Supply will post 2.18 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were issued a dividend of $0.24 per share. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. Tractor Supply’s payout ratio is currently 46.38%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TSCO shares. Jefferies Financial Group reissued a “buy” rating and set a $51.00 price objective on shares of Tractor Supply in a report on Tuesday. Guggenheim reaffirmed a “buy” rating and issued a $65.00 price target on shares of Tractor Supply in a report on Thursday, January 22nd. Evercore reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Tractor Supply in a report on Friday, January 30th. Wolfe Research reaffirmed an “outperform” rating and issued a $57.00 price target on shares of Tractor Supply in a report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tractor Supply in a report on Monday, December 29th. Fourteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Tractor Supply presently has an average rating of “Moderate Buy” and a consensus target price of $56.43.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III sold 84,670 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $53.16, for a total value of $4,501,057.20. Following the sale, the chief executive officer owned 606,842 shares of the company’s stock, valued at $32,259,720.72. This trade represents a 12.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Robert D. Mills sold 62,950 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $54.12, for a total value of $3,406,854.00. Following the completion of the sale, the executive vice president directly owned 122,834 shares in the company, valued at approximately $6,647,776.08. The trade was a 33.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 222,348 shares of company stock worth $11,959,621. 0.64% of the stock is owned by insiders.

Tractor Supply News Roundup

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

• Positive Sentiment: Company reaffirmed full‑year fiscal 2026 guidance (EPS $2.13–2.23; revenue $16.1–16.5B), which reduces downside risk that a guide‑down would have created. Tractor Supply Company Reports First Quarter 2026 Financial Results; Reaffirms Fiscal Year 2026 Outlook
• Positive Sentiment: Gross margin held up (around mid‑30s), and digital/ subscription channels showed strong growth — signs the business has durable profit levers if traffic recovers. Tractor Supply Q1 analysis
• Positive Sentiment: Management is executing strategic initiatives (store expansion, Project Fusion, pet-category reset including expanded premium/frozen pet food rollout) that could drive recovery in under‑performing categories. Strategic initiatives and category fixes
• Neutral Sentiment: Comparable‑store sales were modestly positive (+0.5%) with higher ticket but fewer transactions — this mix is survivable but implies consumer trip consolidation that could limit near‑term volume recovery. Q1 comps and metrics
• Neutral Sentiment: Wall Street still has higher price targets (median around the mid‑$50s to high‑$50s), suggesting analysts see longer‑term upside even as near‑term results disappoint. Analyst targets and institutional activity
• Negative Sentiment: Q1 EPS missed estimates ($0.31 vs. consensus ~$0.35) and revenue missed (~$3.59B vs. ~$3.64B), the core reason the stock sold off as earnings power came in weaker than modeled. Earnings and revenue miss
• Negative Sentiment: Operating income and margins compressed (operating income down mid‑single digits) as SG&A rose faster than sales and delivery/tariff costs weighed — investors worry about near‑term profit deterioration. Margin pressure and cost headwinds
• Negative Sentiment: Market reacted sharply (heavy volume, price down to fresh lows) and the CEO signaled need for “decisive action,” indicating management sees material work to restore momentum — increases execution risk near term. CEO comments and market reaction

Hedge Funds Weigh In On Tractor Supply

A number of large investors have recently modified their holdings of the company. State Street Corp raised its holdings in shares of Tractor Supply by 0.7% during the 4th quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after buying an additional 162,774 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Tractor Supply by 18.4% during the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after buying an additional 2,706,819 shares in the last quarter. Select Equity Group L.P. raised its holdings in shares of Tractor Supply by 41.9% during the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after buying an additional 3,753,414 shares in the last quarter. Morgan Stanley raised its holdings in shares of Tractor Supply by 16.4% during the 4th quarter. Morgan Stanley now owns 10,622,335 shares of the specialty retailer’s stock valued at $531,223,000 after buying an additional 1,497,130 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Tractor Supply by 12.7% during the 4th quarter. Victory Capital Management Inc. now owns 5,080,713 shares of the specialty retailer’s stock worth $254,086,000 after acquiring an additional 572,052 shares during 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.