FY2024 EPS Forecast for Tractor Supply Decreased by Analyst

Tractor Supply (NASDAQ:TSCO) – Equities researchers at Zacks Research dropped their FY2024 earnings per share estimates for Tractor Supply in a research report issued to clients and investors on Thursday, November 7th. Zacks Research analyst R. Lohia now forecasts that the specialty retailer will earn $10.23 per share for the year, down from their prior 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.

Other equities analysts have also issued reports about the company. Evercore ISI lowered Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target for the company. in a research note on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Piper Sandler raised 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. Gordon Haskett lowered Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Finally, Truist Financial lowered their price objective on Tractor Supply from $325.00 to $317.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Two equities 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $282.82.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $281.57 on Monday. The stock has a 50 day moving average of $283.77 and a 200 day moving average of $275.24. Tractor Supply has a 12 month low of $193.73 and a 12 month high of $307.64. The firm has a market cap of $30.37 billion, a PE ratio of 27.39, a PEG ratio of 3.62 and a beta of 0.82. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio is presently 42.80%.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. grew its holdings in Tractor Supply by 527.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock worth $7,155,000 after acquiring an additional 22,279 shares in the last quarter. Ballentine Partners LLC grew its holdings in Tractor Supply by 2.1% during the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock worth $1,216,000 after acquiring an additional 93 shares in the last quarter. Clearbridge Investments LLC grew its holdings in 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 acquiring an additional 239,176 shares in the last quarter. Silvant Capital Management LLC boosted its holdings in shares of Tractor Supply by 20.9% in the 3rd quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock valued at $4,300,000 after buying an additional 2,556 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of 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. 98.72% of the stock is currently 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.