Tractor Supply FY2024 EPS Estimate Lowered by Zacks Research

Tractor Supply (NASDAQ:TSCO) – Equities researchers at Zacks Research dropped their FY2024 earnings estimates for Tractor Supply in a note issued to investors on Thursday, November 7th. Zacks Research analyst R. Lohia now anticipates that the specialty retailer will post earnings per share of $10.23 for the year, down from their prior estimate of $10.25. 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 $2.23 EPS, Q1 2025 earnings at $1.87 EPS, Q2 2025 earnings at $4.19 EPS, Q3 2025 earnings at $2.45 EPS, Q4 2025 earnings at $2.50 EPS, FY2025 earnings at $11.00 EPS, Q1 2026 earnings at $2.14 EPS, Q2 2026 earnings at $4.62 EPS, Q3 2026 earnings at $2.72 EPS and FY2026 earnings at $12.28 EPS.

Several other equities analysts also recently issued reports on the stock. Piper Sandler upped their price objective on shares of Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Gordon Haskett cut Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, October 24th. Wedbush restated a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research note on Friday, October 25th. Truist Financial reduced their price objective on Tractor Supply from $325.00 to $317.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, DA Davidson raised their target price on shares of Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $282.82.

Tractor Supply Trading Down 0.8 %

NASDAQ TSCO opened at $279.19 on Monday. The firm’s fifty day moving average price is $283.98 and its 200 day moving average price is $275.28. Tractor Supply has a 12 month low of $193.73 and a 12 month high of $307.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The company has a market capitalization of $30.12 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 3.62 and a beta of 0.82.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Monday, November 25th. Tractor Supply’s dividend payout ratio is presently 42.80%.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tractor Supply

Hedge funds and other institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its holdings in Tractor Supply by 527.7% during the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock worth $7,155,000 after purchasing an additional 22,279 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of Tractor Supply by 2.1% in the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock worth $1,216,000 after buying an additional 93 shares in the last quarter. Clearbridge Investments LLC grew its stake in Tractor Supply by 11,952.8% in the 1st quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock valued at $63,121,000 after acquiring an additional 239,176 shares during the last quarter. Silvant Capital Management LLC increased its holdings in Tractor Supply by 20.9% during the 3rd quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock valued at $4,300,000 after acquiring an additional 2,556 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Tractor Supply by 12.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after acquiring an additional 368,859 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Company Profile

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.