Q2 2024 EPS Estimates for Tractor Supply Lifted by Analyst (NASDAQ:TSCO)

Tractor Supply (NASDAQ:TSCO) – Investment analysts at Telsey Advisory Group upped their Q2 2024 earnings per share estimates for shares of Tractor Supply in a research report issued to clients and investors on Thursday, April 25th. Telsey Advisory Group analyst J. Feldman now forecasts that the specialty retailer will post earnings of $3.93 per share for the quarter, up from their prior forecast of $3.90. Telsey Advisory Group currently has a “Outperform” rating and a $275.00 target price on the stock. The consensus estimate for Tractor Supply’s current full-year earnings is $10.26 per share. Telsey Advisory Group also issued estimates for Tractor Supply’s Q3 2024 earnings at $2.25 EPS, Q4 2024 earnings at $2.39 EPS, FY2024 earnings at $10.40 EPS, Q1 2025 earnings at $1.99 EPS, Q2 2025 earnings at $4.33 EPS, Q3 2025 earnings at $2.49 EPS and FY2025 earnings at $11.43 EPS.

TSCO has been the subject of a number of other reports. Raymond James increased their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday. Morgan Stanley increased their price target on Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research note on Friday. Stephens cut Tractor Supply from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $226.00 to $240.00 in a research note on Tuesday, January 23rd. TD Cowen upped their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday. Finally, Guggenheim lifted their target price on shares of Tractor Supply from $210.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply currently has an average rating of “Hold” and an average target price of $248.17.

Tractor Supply Price Performance

TSCO opened at $273.90 on Monday. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $274.66. The firm has a 50-day moving average of $252.44 and a 200 day moving average of $226.90. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.28 and a current ratio of 1.40. The firm has a market cap of $29.56 billion, a P/E ratio of 26.67, a PEG ratio of 4.10 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 EPS.

Institutional Trading of Tractor Supply

Several large investors have recently modified their holdings of TSCO. Exchange Traded Concepts LLC increased its position in Tractor Supply by 160.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,373 shares of the specialty retailer’s stock valued at $482,000 after purchasing an additional 1,462 shares during the period. Private Trust Co. NA lifted its holdings in Tractor Supply by 10.0% in the third quarter. Private Trust Co. NA now owns 734 shares of the specialty retailer’s stock worth $149,000 after buying an additional 67 shares during the period. Asset Management One Co. Ltd. boosted its position in Tractor Supply by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 47,497 shares of the specialty retailer’s stock valued at $9,644,000 after acquiring an additional 290 shares in the last quarter. Simplicity Solutions LLC raised its position in shares of Tractor Supply by 8.4% in the 3rd quarter. Simplicity Solutions LLC now owns 3,890 shares of the specialty retailer’s stock worth $790,000 after acquiring an additional 301 shares in the last quarter. Finally, Golden State Equity Partners purchased a new position in shares of Tractor Supply in the 3rd quarter valued at approximately $203,000. 98.72% of the stock is owned by institutional investors.

Insider Activity

In other Tractor Supply news, CEO Harry A. Lawton III sold 20,500 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the sale, the chief executive officer now directly owns 95,192 shares of the company’s stock, valued at $22,173,072.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tractor Supply news, EVP Jonathan S. Estep sold 7,120 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $232.26, for a total value of $1,653,691.20. Following the sale, the executive vice president now owns 13,605 shares of the company’s stock, valued at approximately $3,159,897.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Harry A. Lawton III sold 20,500 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the completion of the transaction, the chief executive officer now owns 95,192 shares in the company, valued at approximately $22,173,072.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,090 shares of company stock worth $21,201,877. 0.24% of the stock is currently owned by insiders.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Friday, February 23rd. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s payout ratio is currently 42.84%.

Tractor Supply Company Profile

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.