Zacks Research Boosts Earnings Estimates for Tractor Supply

Tractor Supply (NASDAQ:TSCO) – Equities researchers at Zacks Research upped their FY2024 earnings estimates for shares of Tractor Supply in a research note issued on Wednesday, January 8th. Zacks Research analyst R. Lohia now expects that the specialty retailer will post earnings of $2.05 per share for the year, up from their previous estimate of $2.05. The consensus estimate for Tractor Supply’s current full-year earnings is $10.24 per share. Zacks Research also issued estimates for Tractor Supply’s Q4 2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.84 EPS, Q1 2026 earnings at $0.43 EPS, Q2 2026 earnings at $0.92 EPS, Q3 2026 earnings at $0.54 EPS, Q4 2026 earnings at $0.56 EPS and FY2026 earnings at $2.46 EPS.

Several other equities research analysts also recently weighed in on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $67.00 price target on shares of Tractor Supply in a research report on Friday, December 6th. Benchmark upped their price objective on shares of Tractor Supply from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Barclays dropped their target price on Tractor Supply from $262.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Monday, December 30th. Wells Fargo & Company reduced their price target on Tractor Supply from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Finally, UBS Group raised their price objective on Tractor Supply from $54.40 to $56.00 and gave the company a “neutral” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.25.

Tractor Supply Trading Down 2.5 %

Shares of Tractor Supply stock opened at $53.18 on Monday. The stock has a market cap of $28.41 billion, a PE ratio of 5.17, a price-to-earnings-growth ratio of 3.58 and a beta of 0.84. The firm has a fifty day moving average price of $55.32 and a 200 day moving average price of $55.00. Tractor Supply has a 1 year low of $44.16 and a 1 year high of $61.53. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17.

Hedge Funds Weigh In On Tractor Supply

A number of institutional investors and hedge funds have recently made changes to their positions in TSCO. Wellington Management Group LLP lifted its stake in Tractor Supply by 3.5% in the third quarter. Wellington Management Group LLP now owns 4,740,864 shares of the specialty retailer’s stock worth $1,379,260,000 after acquiring an additional 161,503 shares during the last quarter. State Street Corp raised its holdings in shares of Tractor Supply by 1.1% in the 3rd quarter. State Street Corp now owns 4,518,341 shares of the specialty retailer’s stock valued at $1,314,521,000 after purchasing an additional 47,951 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Tractor Supply by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,885,688 shares of the specialty retailer’s stock worth $837,156,000 after purchasing an additional 43,998 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Tractor Supply by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer’s stock worth $303,278,000 after purchasing an additional 110,342 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Tractor Supply by 3.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 830,193 shares of the specialty retailer’s stock valued at $241,528,000 after buying an additional 29,730 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

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 given a $0.22 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.88 annualized dividend and a yield of 1.65%. Tractor Supply’s dividend payout ratio is presently 42.72%.

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.