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

Tractor Supply (NASDAQ:TSCO) updated its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 1.900-2.000 for the period, compared to the consensus EPS estimate of 1.850. The company issued revenue guidance of $15.9 billion-$16.1 billion, compared to the consensus revenue estimate of $16.0 billion.

Tractor Supply Trading Down 3.8%

NASDAQ TSCO opened at $33.42 on Friday. Tractor Supply has a 52 week low of $28.36 and a 52 week high of $58.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.23 and a current ratio of 1.38. The stock’s 50 day moving average price is $33.51 and its two-hundred day moving average price is $33.40. The stock has a market capitalization of $17.53 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 2.24 and a beta of 0.52.

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

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, August 24th. Tractor Supply’s payout ratio is presently 50.00%.

Analysts Set New Price Targets

A number of research firms have recently commented on TSCO. Wells Fargo & Company restated an “overweight” rating and set a $36.00 price objective (up from $35.00) on shares of Tractor Supply in a research note on Monday. Citigroup reaffirmed a “buy” rating and issued a $38.00 target price (up from $37.00) on shares of Tractor Supply in a research report on Tuesday, October 13th. Wall Street Zen lowered Tractor Supply from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Telsey Advisory Group reiterated an “outperform” rating and set a $40.00 target price (up from $38.00) on shares of Tractor Supply in a report on Friday. Finally, Piper Sandler set a $35.00 price target on Tractor Supply in a research report on Friday. Thirteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Tractor Supply has a consensus rating of “Hold” and an average target price of $38.62.

Insider Activity

In other news, CEO Harry A. Lawton III bought 15,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $32.15 per share, for a total transaction 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. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Edna Morris purchased 1,560 shares of Tractor Supply stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of $32.44 per share, with a total value of $50,606.40. Following the acquisition, the director directly owned 279,720 shares of the company’s stock, valued at $9,074,116.80. This trade represents a 0.56% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 20,310 shares of company stock valued at $652,411 in the last quarter. Company insiders own 0.64% 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.