Q4 EPS Estimates for Tractor Supply Lifted by DA Davidson

Tractor Supply (NASDAQ:TSCO - Free Report) - DA Davidson boosted their Q4 2024 earnings per share (EPS) estimates for Tractor Supply in a note issued to investors on Monday, December 23rd. DA Davidson analyst M. Baker now forecasts that the specialty retailer will post earnings of $0.46 per share for the quarter, up from their prior forecast of $0.46. DA Davidson has a "Buy" rating and a $65.00 price objective on the stock. The consensus estimate for Tractor Supply's current full-year earnings is $10.24 per share. DA Davidson also issued estimates for Tractor Supply's FY2025 earnings at $2.23 EPS.

Other analysts have also issued research reports about the stock. Wells Fargo & Company cut their target price on shares of Tractor Supply from $65.00 to $64.00 and set an "overweight" rating on the stock in a research report on Monday, November 25th. Piper Sandler raised their price objective on Tractor Supply from $60.00 to $66.40 and gave the company an "overweight" rating in a report on Monday, October 14th. Raymond James upped their target price on Tractor Supply from $57.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Benchmark lifted their price target on Tractor Supply from $56.00 to $62.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Finally, Melius Research started coverage on Tractor Supply in a research note on Monday, September 23rd. They issued a "buy" rating and a $63.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $57.98.

Tractor Supply Price Performance

Shares of TSCO traded up $0.80 during mid-day trading on Tuesday, reaching $54.49. The company had a trading volume of 2,000,568 shares, compared to its average volume of 5,273,582. The company's 50 day simple moving average is $56.00 and its 200 day simple moving average is $55.19. The company has a market capitalization of $29.11 billion, a price-to-earnings ratio of 5.30, a P/E/G ratio of 3.58 and a beta of 0.83. Tractor Supply has a 1-year low of $41.80 and a 1-year high of $61.53. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48.

Tractor Supply Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were issued a $0.22 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.88 dividend on an annualized basis and a yield of 1.61%. Tractor Supply's payout ratio is currently 42.72%.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 117,660 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $59.13, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now owns 48,415 shares in the company, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.24% of the company's stock.

Institutional Trading of Tractor Supply

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSCO. Henrickson Nauta Wealth Advisors Inc. grew its stake in Tractor Supply by 3.2% in the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer's stock valued at $328,000 after acquiring an additional 35 shares during the period. Private Advisor Group LLC raised its position in shares of Tractor Supply by 0.5% during the third quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer's stock worth $2,238,000 after purchasing an additional 37 shares during the period. Baldwin Investment Management LLC grew its position in Tractor Supply by 0.3% in the 3rd quarter. Baldwin Investment Management LLC now owns 11,402 shares of the specialty retailer's stock valued at $3,317,000 after purchasing an additional 38 shares during the period. X Square Capital LLC increased its stake in Tractor Supply by 1.6% during the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer's stock valued at $696,000 after purchasing an additional 41 shares in the last quarter. Finally, TCI Wealth Advisors Inc. raised its holdings in Tractor Supply by 5.1% during the third quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer's stock worth $246,000 after buying an additional 41 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

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.