FY2024 EPS Estimates for Tractor Supply Raised by Analyst

Tractor Supply (NASDAQ:TSCO) – Stock analysts at DA Davidson increased their FY2024 EPS estimates for Tractor Supply in a research report issued on Tuesday, October 22nd. DA Davidson analyst M. Baker now anticipates that the specialty retailer will post earnings of $10.33 per share for the year, up from their prior estimate of $10.27. The consensus estimate for Tractor Supply’s current full-year earnings is $10.23 per share. DA Davidson also issued estimates for Tractor Supply’s FY2025 earnings at $11.47 EPS.

Other analysts have also recently issued research reports about the stock. Truist Financial raised their price objective on shares of Tractor Supply from $293.00 to $325.00 and gave the stock a “buy” rating in a report on Monday, October 14th. JPMorgan Chase & Co. boosted their price target on shares of Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Melius Research initiated coverage on Tractor Supply in a report on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective on the stock. Benchmark reissued a “buy” rating and issued a $280.00 target price on shares of Tractor Supply in a report on Monday. Finally, Evercore ISI downgraded Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target on the stock. in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $272.50.

Tractor Supply Price Performance

TSCO stock opened at $274.29 on Thursday. The business has a 50 day moving average price of $282.05 and a 200 day moving average price of $272.89. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. The stock has a market cap of $29.59 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 3.66 and a beta of 0.80. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $307.64.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the prior year, the firm posted $3.83 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a $1.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a yield of 1.60%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.43%.

Insider Activity

In related news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. 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. In other news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Tractor Supply

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Henrickson Nauta Wealth Advisors Inc. raised its holdings in shares of Tractor Supply by 3.2% in the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock worth $328,000 after acquiring an additional 35 shares during the last quarter. Private Advisor Group LLC raised its stake in Tractor Supply by 0.5% in the 3rd quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock valued at $2,238,000 after purchasing an additional 37 shares during the last quarter. Signature Wealth Management Group lifted its holdings in Tractor Supply by 0.5% in the 2nd quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock valued at $1,890,000 after purchasing an additional 38 shares in the last quarter. X Square Capital LLC lifted its holdings in Tractor Supply by 1.6% in the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock valued at $696,000 after purchasing an additional 41 shares in the last quarter. Finally, TCI Wealth Advisors Inc. boosted its stake in shares of Tractor Supply by 5.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer’s stock worth $246,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds 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.