Tractor Supply (NASDAQ:TSCO) Price Target Lowered to $45.00 at Morgan Stanley

Tractor Supply (NASDAQ:TSCO) had its target price decreased by Morgan Stanley from $57.00 to $45.00 in a research note released on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the specialty retailer’s stock.

Several other equities analysts have also commented on TSCO. Guggenheim reiterated a “buy” rating and set a $65.00 price objective on shares of Tractor Supply in a research report on Thursday, January 22nd. Zacks Research upgraded Tractor Supply from a “strong sell” rating to a “hold” rating in a research report on Monday. DA Davidson reiterated a “buy” rating and set a $60.00 price objective on shares of Tractor Supply in a research report on Thursday, April 16th. UBS Group set a $55.00 price objective on Tractor Supply in a research report on Friday, January 30th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $51.00 price objective on shares of Tractor Supply in a research report on Tuesday. Fourteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average target price of $53.96.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $38.96 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $20.49 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 2.10 and a beta of 0.75. The business’s 50-day moving average price is $47.91 and its 200-day moving average price is $51.44. Tractor Supply has a 12 month low of $38.29 and a 12 month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. Tractor Supply’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Sell-side analysts forecast that Tractor Supply will post 2.18 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, February 24th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. Tractor Supply’s dividend payout ratio is 46.38%.

Insider Buying and Selling at Tractor Supply

In related news, CFO Kurt D. Barton sold 1,929 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $53.94, for a total transaction of $104,050.26. Following the transaction, the chief financial officer directly owned 44,736 shares in the company, valued at $2,413,059.84. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan S. Estep sold 59,745 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $54.03, for a total value of $3,228,022.35. Following the transaction, the executive vice president owned 80,931 shares in the company, valued at approximately $4,372,701.93. The trade was a 42.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 222,348 shares of company stock worth $11,959,621 over the last quarter. Company insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Tractor Supply

Institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Network Wealth Advisors LLC lifted its holdings in Tractor Supply by 8.0% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 2,465 shares of the specialty retailer’s stock worth $140,000 after buying an additional 182 shares during the period. Advyzon Investment Management LLC lifted its holdings in Tractor Supply by 4.3% in the 4th quarter. Advyzon Investment Management LLC now owns 4,462 shares of the specialty retailer’s stock worth $223,000 after buying an additional 183 shares during the period. Perigon Wealth Management LLC lifted its holdings in Tractor Supply by 0.6% in the 3rd quarter. Perigon Wealth Management LLC now owns 34,036 shares of the specialty retailer’s stock worth $1,936,000 after buying an additional 200 shares during the period. Field & Main Bank lifted its holdings in Tractor Supply by 1.1% in the 4th quarter. Field & Main Bank now owns 18,835 shares of the specialty retailer’s stock worth $942,000 after buying an additional 200 shares during the period. Finally, Oak Thistle LLC lifted its holdings in Tractor Supply by 0.9% in the 4th quarter. Oak Thistle LLC now owns 24,911 shares of the specialty retailer’s stock worth $1,246,000 after buying an additional 215 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Key Stories Impacting Tractor Supply

Here are the key news stories impacting Tractor Supply this week:

• Positive Sentiment: Company reaffirmed full‑year 2026 guidance (EPS $2.13–$2.23) and said it will continue store openings and digital investment — signals that management sees the slowdown as temporary. Earnings Highlights
• Positive Sentiment: Retail commentary and some investors call the pullback “oversold,” which can attract bargain hunters and support a rebound if fundamentals stabilize. Analyst & Retail Reaction
• Neutral Sentiment: Q1 results: revenue +3.6% to $3.59B, comparable‑store sales about +0.5%, diluted EPS $0.31 vs. $0.34 a year ago — solid top‑line growth but weaker margin mix. Q1 Snapshot
• Neutral Sentiment: Earnings call highlighted record store openings and digital progress but also flagged cost pressures; management said “decisive action” is needed to fix near‑term weakness. Earnings Call Summary
• Negative Sentiment: Earnings and revenue missed consensus (EPS short by $0.04; revenue slightly below estimates), and operating income and margins contracted — the immediate catalyst for the stock decline. Why TSCO Is Down
• Negative Sentiment: Multiple Wall Street firms cut price targets and turned cautious or trimmed ratings after the print (UBS, Morgan Stanley, Wells Fargo, Piper, Mizuho, Telsey, DA Davidson among others), increasing near‑term selling pressure. Analyst Price Target Moves
• Negative Sentiment: High intraday volume and notable insider selling highlighted in coverage — adds to downside momentum while the market digests whether earnings weakness is transient. Trading & Insider Notes

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.