FY2024 EPS Estimates for Tractor Supply Boosted by Analyst

Tractor Supply (NASDAQ:TSCO - Free Report) - Research analysts at Zacks Research upped their FY2024 EPS estimates for shares of Tractor Supply in a note issued to investors on Wednesday, January 8th. Zacks Research analyst R. Lohia now forecasts that the specialty retailer will post earnings of $2.05 per share for the year, up from their previous forecast 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.

TSCO has been the topic of a number of other reports. Citigroup cut Tractor Supply from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 17th. Gordon Haskett lowered shares of Tractor Supply from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, October 24th. Melius Research assumed coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They issued a "buy" rating and a $63.00 target price for the company. Truist Financial cut their price target on shares of Tractor Supply from $65.00 to $63.40 and set a "buy" rating on the stock in a report on Friday, October 25th. Finally, Loop Capital upped their price target on Tractor Supply from $53.00 to $58.00 and gave the stock a "hold" rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Tractor Supply currently has an average rating of "Moderate Buy" and an average price target of $58.25.

Tractor Supply Stock Down 1.0 %

Shares of TSCO stock traded down $0.52 during trading hours on Monday, hitting $54.07. 1,127,542 shares of the company were exchanged, compared to its average volume of 4,610,681. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The stock has a market capitalization of $28.88 billion, a price-to-earnings ratio of 5.26, a P/E/G ratio of 3.58 and a beta of 0.84. Tractor Supply has a one year low of $44.16 and a one year high of $61.53. The business's 50-day simple moving average is $55.31 and its two-hundred day simple moving average is $54.99.

Hedge Funds Weigh In On Tractor Supply

Several institutional investors and hedge funds have recently modified their holdings of TSCO. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply in the 3rd quarter valued at about $29,000. First Personal Financial Services acquired a new stake in Tractor Supply during the third quarter worth approximately $29,000. Peoples Bank KS raised its stake in Tractor Supply by 400.0% in the fourth quarter. Peoples Bank KS now owns 570 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 456 shares in the last quarter. Providence Capital Advisors LLC bought a new position in Tractor Supply in the third quarter valued at approximately $32,000. Finally, ST Germain D J Co. Inc. boosted its stake in Tractor Supply by 392.3% in the fourth quarter. ST Germain D J Co. Inc. now owns 640 shares of the specialty retailer's stock valued at $34,000 after buying an additional 510 shares in the last quarter. 98.72% of the stock is currently 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 issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply's dividend payout ratio is 42.72%.

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.