Tractor Supply (NASDAQ:TSCO) Receives "Outperform" Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Tractor Supply (NASDAQ:TSCO - Free Report) in a research note released on Thursday,Benzinga reports. The firm currently has a $67.00 price objective on the specialty retailer's stock. Telsey Advisory Group also issued estimates for Tractor Supply's Q1 2026 earnings at $0.42 EPS, Q2 2026 earnings at $0.94 EPS, Q3 2026 earnings at $0.54 EPS and Q4 2026 earnings at $0.54 EPS.

A number of other research firms also recently commented on TSCO. Mizuho increased their target price on Tractor Supply from $60.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Bank of America increased their price objective on shares of Tractor Supply from $44.00 to $53.00 and gave the company an "underperform" rating in a research report on Thursday, January 16th. Barclays dropped their price objective on shares of Tractor Supply from $262.00 to $52.00 and set an "equal weight" rating for the company in a research note on Monday, December 30th. Guggenheim reaffirmed a "buy" rating and issued a $60.00 price target on shares of Tractor Supply in a report on Friday, January 31st. Finally, Truist Financial reduced their price objective on Tractor Supply from $63.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $59.07.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO traded up $0.64 during midday trading on Thursday, reaching $50.23. 1,902,478 shares of the company were exchanged, compared to its average volume of 5,099,830. The company has a current ratio of 1.43, a quick ratio of 0.20 and a debt-to-equity ratio of 0.82. The stock has a market cap of $26.70 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88. The business's fifty day moving average is $53.62 and its two-hundred day moving average is $55.01. Tractor Supply has a one year low of $46.97 and a one year high of $61.53.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $2.28 by ($1.84). Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. As a group, analysts predict that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply announced that its board has authorized a share buyback program on Thursday, February 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Tractor Supply Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 7.33%. This is a boost from Tractor Supply's previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, February 26th. Tractor Supply's dividend payout ratio is currently 45.10%.

Insiders Place Their Bets

In other Tractor Supply news, EVP Melissa Kersey sold 9,300 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $53.17, for a total transaction of $494,481.00. Following the completion of the sale, the executive vice president now owns 34,961 shares in the company, valued at $1,858,876.37. This represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Harry A. Lawton III sold 88,095 shares of Tractor Supply stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $54.59, for a total value of $4,809,106.05. Following the completion of the transaction, the chief executive officer now owns 488,852 shares in the company, valued at $26,686,430.68. This represents a 15.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,993 shares of company stock worth $7,538,068 in the last three months. Corporate insiders own 0.65% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Running Oak Capital LLC increased its position in shares of Tractor Supply by 12.3% during the first quarter. Running Oak Capital LLC now owns 279,821 shares of the specialty retailer's stock worth $15,418,000 after purchasing an additional 30,645 shares in the last quarter. Suncoast Equity Management increased its position in Tractor Supply by 2.8% during the 1st quarter. Suncoast Equity Management now owns 49,065 shares of the specialty retailer's stock valued at $2,703,000 after buying an additional 1,320 shares in the last quarter. Jamison Private Wealth Management Inc. raised its stake in Tractor Supply by 5.2% in the first quarter. Jamison Private Wealth Management Inc. now owns 29,169 shares of the specialty retailer's stock valued at $1,607,000 after buying an additional 1,446 shares during the last quarter. Advisor Resource Council acquired a new stake in Tractor Supply in the first quarter worth about $245,000. Finally, Blue Trust Inc. grew its stake in shares of Tractor Supply by 27.1% during the first quarter. Blue Trust Inc. now owns 2,653 shares of the specialty retailer's stock worth $146,000 after acquiring an additional 566 shares during the last quarter. Institutional investors own 98.72% of the company's stock.

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.