FY2024 EPS Estimate for Tractor Supply Boosted by Analyst

Tractor Supply (NASDAQ:TSCO) – Stock analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for shares of Tractor Supply in a note issued to investors on Wednesday, January 8th. Zacks Research analyst R. Lohia now anticipates that the specialty retailer will post earnings per share of $2.05 for the year, up from their prior estimate of $2.05. 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 $0.45 EPS, Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.84 EPS, Q1 2026 earnings at $0.43 EPS, Q2 2026 earnings at $0.92 EPS, Q3 2026 earnings at $0.54 EPS, Q4 2026 earnings at $0.56 EPS and FY2026 earnings at $2.46 EPS.

Several other equities analysts have also commented on the company. UBS Group increased their price objective on Tractor Supply from $54.40 to $56.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on Tractor Supply from $52.00 to $58.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Raymond James upped their target price on Tractor Supply from $57.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company cut their price target on shares of Tractor Supply from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Monday, November 25th. Finally, Loop Capital upped their price objective 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.25.

Tractor Supply Trading Down 0.0 %

Shares of Tractor Supply stock opened at $54.57 on Monday. The company’s 50-day moving average price is $55.32 and its 200-day moving average price is $55.00. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The company has a market cap of $29.15 billion, a price-to-earnings ratio of 5.31, a PEG ratio of 3.58 and a beta of 0.84. Tractor Supply has a 12-month low of $44.16 and a 12-month high of $61.53.

Institutional Trading of Tractor Supply

A number of large investors have recently made changes to their positions in the business. Marcum Wealth LLC boosted its holdings in shares of Tractor Supply by 463.0% in the 4th quarter. Marcum Wealth LLC now owns 6,165 shares of the specialty retailer’s stock worth $327,000 after purchasing an additional 5,070 shares during the period. AdvisorNet Financial Inc lifted its position in Tractor Supply by 393.5% in the fourth quarter. AdvisorNet Financial Inc now owns 8,858 shares of the specialty retailer’s stock worth $470,000 after buying an additional 7,063 shares during the last quarter. Tsfg LLC boosted its stake in Tractor Supply by 400.0% during the fourth quarter. Tsfg LLC now owns 2,200 shares of the specialty retailer’s stock worth $117,000 after buying an additional 1,760 shares during the period. PFW Advisors LLC bought a new position in Tractor Supply during the fourth quarter valued at $1,113,000. Finally, Bar Harbor Wealth Management raised its stake in shares of Tractor Supply by 431.9% in the fourth quarter. Bar Harbor Wealth Management now owns 52,543 shares of the specialty retailer’s stock valued at $2,788,000 after acquiring an additional 42,664 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Cuts Dividend

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

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.