Tractor Supply (NASDAQ:TSCO - Free Report) - Zacks Research lowered their FY2024 earnings per share estimates for Tractor Supply in a research note issued on Thursday, November 7th. Zacks Research analyst R. Lohia now expects that the specialty retailer will earn $10.23 per share for the year, down from their previous estimate of $10.25. 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 $2.23 EPS, Q1 2025 earnings at $1.87 EPS, Q2 2025 earnings at $4.19 EPS, Q3 2025 earnings at $2.45 EPS, Q4 2025 earnings at $2.50 EPS, FY2025 earnings at $11.00 EPS, Q1 2026 earnings at $2.14 EPS, Q2 2026 earnings at $4.62 EPS, Q3 2026 earnings at $2.72 EPS and FY2026 earnings at $12.28 EPS.
Several other analysts have also recently issued reports on the company. Piper Sandler increased their price objective on Tractor Supply from $300.00 to $332.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Benchmark increased their price objective on Tractor Supply from $280.00 to $310.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Citigroup cut Tractor Supply from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 17th. Loop Capital increased their price objective on Tractor Supply from $250.00 to $260.00 and gave the company a "hold" rating in a research note on Friday, September 6th. Finally, Wedbush reiterated a "neutral" rating and issued a $270.00 price objective on shares of Tractor Supply in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Tractor Supply currently has a consensus rating of "Hold" and an average target price of $282.82.
Check Out Our Latest Report on Tractor Supply
Tractor Supply Trading Down 2.4 %
Shares of TSCO traded down $6.99 during midday trading on Monday, hitting $281.57. 853,584 shares of the stock were exchanged, compared to its average volume of 1,059,442. Tractor Supply has a 52-week low of $193.73 and a 52-week high of $307.64. The stock has a fifty day simple moving average of $283.77 and a 200 day simple moving average of $275.24. The firm has a market cap of $30.37 billion, a P/E ratio of 27.39, a P/E/G ratio of 3.62 and a beta of 0.82. 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 Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Monday, November 25th. Tractor Supply's dividend payout ratio is currently 42.80%.
Insider Buying and Selling
In related news, CFO Kurt D. Barton sold 23,532 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.24% of the company's stock.
Institutional Investors Weigh In On Tractor Supply
A number of institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in Tractor Supply by 12.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer's stock valued at $871,691,000 after buying an additional 368,859 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Tractor Supply by 2,921.4% during the 2nd quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer's stock worth $96,451,000 after purchasing an additional 345,402 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Tractor Supply by 11,952.8% during the 1st quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer's stock worth $63,121,000 after purchasing an additional 239,176 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Tractor Supply by 29,058.6% during the 3rd quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer's stock worth $67,865,000 after purchasing an additional 232,469 shares during the period. Finally, Employees Retirement System of Texas purchased a new position in shares of Tractor Supply during the 2nd quarter worth $38,070,000. Institutional investors and hedge funds own 98.72% of the company's stock.
About Tractor Supply
(
Get Free Report)
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.
Further Reading
Before you consider Tractor Supply, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tractor Supply wasn't on the list.
While Tractor Supply currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
