Tractor Supply FY2024 EPS Boosted by Telsey Advisory Group

Tractor Supply (NASDAQ:TSCOFree Report) – Equities research analysts at Telsey Advisory Group increased their FY2024 earnings per share estimates for shares of Tractor Supply in a research note issued on Friday, January 24th. Telsey Advisory Group analyst J. Feldman now anticipates that the specialty retailer will post earnings of $2.06 per share for the year, up from their prior forecast of $2.05. Telsey Advisory Group has a “Outperform” rating and a $67.00 price target on the stock. The consensus estimate for Tractor Supply’s current full-year earnings is $2.05 per share. Telsey Advisory Group also issued estimates for Tractor Supply’s Q4 2024 earnings at $0.46 EPS, Q1 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.51 EPS and FY2026 earnings at $2.45 EPS.

TSCO has been the topic of several other research reports. Loop Capital upped their price target on shares of Tractor Supply from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. upped their price target on Tractor Supply from $52.00 to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Piper Sandler upped their price target on shares of Tractor Supply from $60.00 to $66.40 and gave the stock an “overweight” rating in a research note on Monday, October 14th. UBS Group raised their target price on shares of Tractor Supply from $54.40 to $56.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Gordon Haskett cut Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $58.58.

Check Out Our Latest Research Report on TSCO

Tractor Supply Stock Performance

NASDAQ TSCO opened at $57.91 on Monday. 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 company has a 50-day simple moving average of $55.17 and a 200 day simple moving average of $55.20. Tractor Supply has a 52-week low of $44.35 and a 52-week high of $61.53. The company has a market capitalization of $30.94 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 3.31 and a beta of 0.84.

Tractor Supply Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TSCO. Silvant Capital Management LLC lifted its position in shares of Tractor Supply by 20.9% in the third quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock valued at $4,300,000 after acquiring an additional 2,556 shares in the last quarter. Blueshift Asset Management LLC increased its holdings in Tractor Supply by 32.7% in the 3rd quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer’s stock valued at $2,893,000 after purchasing an additional 2,452 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Tractor Supply during the 2nd quarter valued at about $13,353,000. Allspring Global Investments Holdings LLC raised its stake in shares of Tractor Supply by 48.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 9,801 shares of the specialty retailer’s stock valued at $2,851,000 after purchasing an additional 3,182 shares during the period. Finally, Mutual of America Capital Management LLC lifted its holdings in Tractor Supply by 16.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 27,336 shares of the specialty retailer’s stock worth $7,953,000 after buying an additional 3,863 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Company Profile

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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.

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Earnings History and Estimates for Tractor Supply (NASDAQ:TSCO)

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