Tractor Supply Company (NASDAQ:TSCO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Tractor Supply Company (NASDAQ:TSCO) has received an average rating of “Moderate Buy” from the twenty-eight analysts that are covering the stock, Marketbeat reports. Fourteen research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $45.9615.

A number of research firms have commented on TSCO. Wall Street Zen raised Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Bank of America initiated coverage on Tractor Supply in a research note on Tuesday, April 7th. They issued a “neutral” rating and a $47.00 target price for the company. The Goldman Sachs Group lowered their target price on Tractor Supply from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, June 8th. Robert W. Baird set a $60.00 target price on Tractor Supply and gave the company an “outperform” rating in a research note on Friday, April 17th. Finally, Evercore lowered their target price on Tractor Supply from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Tuesday, May 19th.

Tractor Supply Stock Performance

Tractor Supply stock opened at $30.21 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16. The stock has a fifty day moving average price of $34.92 and a two-hundred day moving average price of $45.46. Tractor Supply has a 52-week low of $28.36 and a 52-week high of $63.99. The firm has a market capitalization of $15.84 billion, a P/E ratio of 14.81, a P/E/G ratio of 2.31 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the company earned $0.34 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, analysts anticipate that Tractor Supply will post 2.14 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were paid a $0.24 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.2%. Tractor Supply’s dividend payout ratio (DPR) is 47.06%.

Institutional Trading of Tractor Supply

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP increased its stake in shares of Tractor Supply by 1.6% in the third quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock valued at $1,474,736,000 after buying an additional 420,731 shares in the last quarter. Capital International Investors increased its stake in shares of Tractor Supply by 3.9% in the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after buying an additional 902,659 shares in the last quarter. State Street Corp increased its stake in shares of Tractor Supply by 0.7% in the fourth quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after buying an additional 162,774 shares in the last quarter. Invesco Ltd. increased its stake in shares of Tractor Supply by 18.4% in the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after buying an additional 2,706,819 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Tractor Supply by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock valued at $791,703,000 after acquiring an additional 184,457 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 (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.