JPMorgan Chase & Co. Cuts Tractor Supply (NASDAQ:TSCO) Price Target to $48.00

Tractor Supply (NASDAQ:TSCO) had its price objective decreased by JPMorgan Chase & Co. from $55.00 to $48.00 in a research report released on Wednesday morning,MarketScreener reports. JPMorgan Chase & Co. currently has a neutral rating on the specialty retailer’s stock.

Several other analysts have also recently commented on the company. BNP Paribas Exane decreased their target price on Tractor Supply from $58.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday. The Goldman Sachs Group set a $59.00 target price on Tractor Supply and gave the stock a “buy” rating in a research report on Friday, January 30th. TD Cowen decreased their target price on Tractor Supply from $55.00 to $53.00 and set a “hold” rating for the company in a research report on Friday, January 30th. Wells Fargo & Company decreased their target price on Tractor Supply from $55.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Zacks Research raised Tractor Supply from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Fifteen investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, Tractor Supply presently has an average rating of “Moderate Buy” and a consensus target price of $49.08.

Tractor Supply Stock Performance

TSCO opened at $36.73 on Wednesday. The firm has a market cap of $19.32 billion, a PE ratio of 18.00, a P/E/G ratio of 2.18 and a beta of 0.75. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The business has a fifty day simple moving average of $47.22 and a 200-day simple moving average of $51.22. Tractor Supply has a fifty-two week low of $36.60 and a fifty-two week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results 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 business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the business earned $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, equities analysts predict that Tractor Supply will post 2.16 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were paid a dividend of $0.24 per share. This is a boost from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.6%. Tractor Supply’s dividend payout ratio (DPR) is 47.06%.

Insider Activity at Tractor Supply

In other news, CEO Harry A. Lawton III sold 84,670 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $53.16, for a total transaction of $4,501,057.20. Following the completion of the sale, the chief executive officer directly owned 606,842 shares of the company’s stock, valued at $32,259,720.72. This trade represents a 12.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kurt D. Barton sold 1,884 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $53.81, for a total value of $101,378.04. Following the sale, the chief financial officer directly owned 52,562 shares of the company’s stock, valued at $2,828,361.22. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 222,348 shares of company stock worth $11,959,621. 0.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tractor Supply

A number of hedge funds and other institutional investors have recently made changes to their positions in TSCO. Garner Asset Management Corp acquired a new stake in shares of Tractor Supply in the fourth quarter worth about $25,000. Reflection Asset Management acquired a new stake in shares of Tractor Supply in the fourth quarter worth about $26,000. Aventura Private Wealth LLC acquired a new stake in shares of Tractor Supply in the fourth quarter worth about $27,000. Core Wealth Advisors LLC acquired a new stake in shares of Tractor Supply in the fourth quarter worth about $27,000. Finally, Bayban acquired a new stake in shares of Tractor Supply in the fourth quarter worth about $28,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply News Summary

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

• Positive Sentiment: Management reiterated FY2026 guidance and highlighted continued store expansion (40 new stores) and double‑digit digital sales growth, which investors can view as evidence of underlying sales initiatives and long‑term growth levers. Tractor Supply Co (TSCO) Q1 2026 Earnings Call Highlights: Record Store Openings and Digital …
• Positive Sentiment: Several firms kept constructive ratings (buy/outperform) even while lowering targets — e.g., Goldman Sachs (buy, PT trimmed to $55) and Raymond James/BNP Paribas maintained upside views — signaling some analysts still see material upside at depressed prices. Goldman Sachs adjusts price target on Tractor Supply to 55 from 59, maintains buy rating
• Neutral Sentiment: Some coverage frames TSCO as a relative value option vs. peers (e.g., Petco/WOOF), which may attract value/dividend investors if the price weakness persists. WOOF vs TSCO: Which Stock Is the Better Value Option?
• Neutral Sentiment: With the share decline, TSCO’s dividend yield has increased, prompting some investors to call it oversold and a potential income/value play — a longer‑horizon catalyst for some buyers. This Dividend Stock Is Getting Crushed. But With Its Dividend Yield Crossing 2.4%, Is It Time to Buy?
• Negative Sentiment: Q1 results disappointed: EPS $0.31 vs. $0.35 expected and revenue $3.59B vs. $3.64B expected; same‑store sales were essentially flat, which directly triggered the selloff. Why Tractor Supply (TSCO) Is Down 12.1% After Q1 Earnings Miss and Flat Same-Store Sales
• Negative Sentiment: Major brokerages moved quickly to cut price targets (many on 4/24) and issued more cautious notes — a coordinated analyst reset that amplifies selling pressure and reduces near‑term conviction. Representative cuts include Barclays, JPMorgan, UBS and others. Barclays adjusts price target on Tractor Supply to 44 from 51, maintains equalweight rating
• Negative Sentiment: The stock hit a new one‑year low and saw elevated trading volume following the miss and analyst reactions — technical weakness that can prolong downward pressure until fresh positive catalysts emerge. Tractor Supply (NASDAQ:TSCO) Sets New 1-Year Low After Earnings Miss

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.