FY2024 EPS Forecast for Tractor Supply Increased by Analyst

Tractor Supply (NASDAQ:TSCO) – Equities researchers at Telsey Advisory Group increased their FY2024 earnings per share (EPS) estimates for shares of Tractor Supply in a report released on Friday, January 24th. Telsey Advisory Group analyst J. Feldman now expects that the specialty retailer will post earnings per share of $2.06 for the year, up from their prior forecast of $2.05. Telsey Advisory Group has a “Outperform” rating and a $67.00 price target on the stock. The consensus estimate for Tractor Supply’s current full-year earnings is $2.05 per share. Telsey Advisory Group also issued estimates for Tractor Supply’s Q4 2024 earnings at $0.46 EPS, Q1 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.51 EPS and FY2026 earnings at $2.45 EPS.

A number of other research analysts also recently issued reports on the stock. UBS Group boosted their target price on shares of Tractor Supply from $54.40 to $56.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Loop Capital boosted their price target on shares of Tractor Supply from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Thursday, December 12th. Evercore ISI upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Mizuho lifted their price objective on Tractor Supply from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Finally, Barclays cut their price objective on Tractor Supply from $262.00 to $52.00 and set an “equal weight” rating for the company in a research report on Monday, December 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.58.

Tractor Supply Stock Down 0.9 %

Shares of TSCO stock opened at $57.38 on Monday. Tractor Supply has a fifty-two week low of $44.35 and a fifty-two week high of $61.53. The firm has a market capitalization of $30.65 billion, a PE ratio of 27.91, a P/E/G ratio of 3.31 and a beta of 0.84. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The stock’s 50-day simple moving average is $55.23 and its 200-day simple moving average is $55.22.

Tractor Supply Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is 42.80%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply in the third quarter valued at approximately $29,000. First Personal Financial Services acquired a new position in shares of Tractor Supply in the 3rd quarter valued at $29,000. Providence Capital Advisors LLC purchased a new position in shares of Tractor Supply in the 3rd quarter valued at $32,000. DT Investment Partners LLC raised its stake in Tractor Supply by 120.0% during the 3rd quarter. DT Investment Partners LLC now owns 132 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 72 shares in the last quarter. Finally, Assetmark Inc. lifted its position in Tractor Supply by 2,383.3% in the third quarter. Assetmark Inc. now owns 149 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 143 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.