Tractor Supply (NASDAQ:TSCO) Price Target Cut to $38.00 by Analysts at Telsey Advisory Group

Tractor Supply (NASDAQ:TSCO) had its price objective decreased by Telsey Advisory Group from $40.00 to $38.00 in a research note published on Friday, MarketBeat Ratings reports. Telsey Advisory Group currently has an outperform rating on the specialty retailer’s stock.

Several other research analysts have also issued reports on the company. Barclays set a $35.00 target price on Tractor Supply and gave the stock an “equal weight” rating in a research report on Monday, July 13th. Gordon Haskett upped their price target on Tractor Supply from $40.00 to $50.00 in a research report on Friday, June 12th. Wolfe Research set a $34.00 price target on Tractor Supply in a research note on Thursday, July 16th. Weiss Ratings downgraded Tractor Supply from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Finally, Robert W. Baird cut their price objective on Tractor Supply from $50.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.65.

Tractor Supply Trading Up 2.3%

TSCO opened at $31.02 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.16. Tractor Supply has a fifty-two week low of $28.36 and a fifty-two week high of $62.89. The company’s 50 day moving average price is $30.63 and its two-hundred day moving average price is $41.24. The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 6.94 and a beta of 0.46.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. Tractor Supply’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, research analysts predict that Tractor Supply will post 1.97 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a yield of 3.1%. Tractor Supply’s dividend payout ratio is 47.06%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Capital International Investors grew its stake in Tractor Supply by 3.9% during the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock worth $1,214,390,000 after purchasing an additional 902,659 shares during the period. State Street Corp lifted its stake in Tractor Supply by 0.7% in the fourth quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after buying an additional 162,774 shares during the period. Invesco Ltd. lifted its stake in Tractor Supply by 18.4% in the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after buying an additional 2,706,819 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Tractor Supply by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock worth $791,703,000 after buying an additional 184,457 shares in the last quarter. Finally, Capital World Investors boosted its holdings in shares of Tractor Supply by 2.3% during the 4th quarter. Capital World Investors now owns 15,157,047 shares of the specialty retailer’s stock worth $758,004,000 after buying an additional 336,040 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Tractor Supply News Roundup

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

• Positive Sentiment: Tractor Supply is expanding delivery options by launching Instacart same-day delivery from 2,400 stores, which could support convenience-driven sales and help offset softer in-store demand. Tractor Supply (TSCO) Launches Instacart Same Day Delivery From 2,400 Stores
• Neutral Sentiment: Analysts remain mixed after earnings, with Telsey Advisory Group trimming its price target to $38 while keeping an outperform rating, and Bank of America maintaining a hold rating with a $33 target. Telsey Advisory Group price target cut
• Neutral Sentiment: Tractor Supply reported second-quarter EPS of $0.81 and revenue of $4.54 billion, both slightly below expectations, while revenue still rose 2.3% year over year. Quarterly financial results
• Negative Sentiment: The company cut its full-year outlook, now guiding for EPS of $1.90 to $2.00 and revenue of $15.9 billion to $16.1 billion, below prior expectations, as it cited a tough May quarter and softer demand for discretionary and pet-related purchases. WSJ outlook cut article
• Negative Sentiment: Tractor Supply said it will close 75 Petsense stores, including six in Arkansas, signaling a restructuring of its pet business and pressure in that segment. Petsense store closure article

About Tractor Supply

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.