Q2 2024 Earnings Estimate for Tractor Supply (NASDAQ:TSCO) Issued By Telsey Advisory Group

Tractor Supply (NASDAQ:TSCO) – Telsey Advisory Group increased their Q2 2024 earnings per share estimates for Tractor Supply in a research note issued on Thursday, April 25th. Telsey Advisory Group analyst J. Feldman now expects that the specialty retailer will post earnings of $3.93 per share for the quarter, up from their prior estimate of $3.90. Telsey Advisory Group currently has a “Outperform” rating and a $275.00 target price on the stock. The consensus estimate for Tractor Supply’s current full-year earnings is $10.26 per share. Telsey Advisory Group also issued estimates for Tractor Supply’s Q3 2024 earnings at $2.25 EPS, Q4 2024 earnings at $2.39 EPS, FY2024 earnings at $10.40 EPS, Q1 2025 earnings at $1.99 EPS, Q2 2025 earnings at $4.33 EPS, Q3 2025 earnings at $2.49 EPS and FY2025 earnings at $11.43 EPS.

TSCO has been the topic of several other reports. Guggenheim boosted their price target on shares of Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Raymond James boosted their target price on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday. Benchmark reaffirmed a “buy” rating and set a $256.00 price target on shares of Tractor Supply in a research note on Monday, April 22nd. Barclays lifted their price target on Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Stephens downgraded Tractor Supply from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $226.00 to $240.00 in a report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $248.17.

Tractor Supply Stock Performance

Shares of TSCO opened at $273.90 on Monday. The company has a market capitalization of $29.56 billion, a PE ratio of 26.67, a PEG ratio of 4.10 and a beta of 0.84. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.28 and a current ratio of 1.40. The company’s 50 day moving average price is $252.44 and its 200 day moving average price is $226.90. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $274.66.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.65 EPS.

Institutional Trading of Tractor Supply

A number of institutional investors and hedge funds have recently modified their holdings of TSCO. OFI Invest Asset Management acquired a new stake in Tractor Supply during the third quarter worth $25,000. Future Financial Wealth Managment LLC acquired a new position in shares of Tractor Supply in the 1st quarter valued at $26,000. Private Wealth Management Group LLC bought a new position in shares of Tractor Supply during the 4th quarter worth about $27,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Tractor Supply during the 4th quarter valued at about $28,000. Finally, Rise Advisors LLC increased its stake in Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 66 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 4,335 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at $5,314,246. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the sale, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Colin Yankee sold 8,675 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the transaction, the executive vice president now owns 9,673 shares in the company, valued at approximately $2,418,250. The disclosure for this sale can be found here. Insiders have sold 90,090 shares of company stock valued at $21,201,877 in the last 90 days. 0.24% of the stock is currently owned by insiders.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were paid a dividend of $1.10 per share. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 23rd. This represents a $4.40 annualized dividend and a yield of 1.61%. Tractor Supply’s dividend payout ratio is presently 42.84%.

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.