Q4 EPS Estimates for Tractor Supply Increased by DA Davidson

Tractor Supply (NASDAQ:TSCO) – Stock analysts at DA Davidson increased their Q4 2024 earnings per share estimates for shares of Tractor Supply in a research note issued on Monday, December 23rd. DA Davidson analyst M. Baker now forecasts that the specialty retailer will earn $0.46 per share for the quarter, up from their previous estimate of $0.46. DA Davidson has a “Buy” rating and a $65.00 price target on the stock. The consensus estimate for Tractor Supply’s current full-year earnings is $10.24 per share. DA Davidson also issued estimates for Tractor Supply’s FY2025 earnings at $2.23 EPS.

Other analysts have also issued research reports about the company. Gordon Haskett lowered Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Wedbush reiterated a “neutral” rating and issued a $54.00 price objective on shares of Tractor Supply in a research note on Friday, October 25th. Piper Sandler boosted their target price on shares of Tractor Supply from $60.00 to $66.40 and gave the company an “overweight” rating in a research report on Monday, October 14th. Benchmark increased their price target on shares of Tractor Supply from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Citigroup downgraded shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.98.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $54.49 on Tuesday. The business has a 50-day simple moving average of $56.00 and a two-hundred day simple moving average of $55.19. Tractor Supply has a fifty-two week low of $41.80 and a fifty-two week high of $61.53. The firm has a market cap of $29.11 billion, a price-to-earnings ratio of 5.30, a price-to-earnings-growth ratio of 3.58 and a beta of 0.83. 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 Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.72%.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 117,660 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $59.13, for a total transaction of $6,957,000.48. Following the sale, the chief financial officer now directly owns 48,415 shares of the company’s stock, valued at $2,862,682.12. This represents a 70.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Tractor Supply

Several institutional investors have recently modified their holdings of TSCO. Signature Estate & Investment Advisors LLC bought a new position in Tractor Supply during the 2nd quarter valued at about $249,000. Cambridge Investment Research Advisors Inc. grew its position in shares of Tractor Supply by 1.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 50,035 shares of the specialty retailer’s stock worth $13,510,000 after buying an additional 936 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Tractor Supply by 15.4% in the second quarter. HB Wealth Management LLC now owns 2,031 shares of the specialty retailer’s stock valued at $548,000 after acquiring an additional 271 shares in the last quarter. Whittier Trust Co. lifted its stake in Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 42 shares during the period. Finally, Liberty Capital Management Inc. grew its holdings in Tractor Supply by 5.2% during the 2nd quarter. Liberty Capital Management Inc. now owns 10,308 shares of the specialty retailer’s stock worth $2,783,000 after acquiring an additional 512 shares in the last quarter. 98.72% of the stock is 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.