Bank of America began coverage on shares of Tractor Supply (NASDAQ:TSCO – Free Report) in a research note issued to investors on Tuesday. The firm issued a neutral rating and a $47.00 target price on the specialty retailer’s stock.
Several other research firms also recently weighed in on TSCO. Stephens set a $53.00 target price on Tractor Supply and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Guggenheim reiterated a “buy” rating and set a $65.00 target price on shares of Tractor Supply in a research report on Thursday, January 22nd. DA Davidson reiterated a “buy” rating and set a $60.00 target price on shares of Tractor Supply in a research report on Friday, January 30th. Telsey Advisory Group cut their price objective on Tractor Supply from $70.00 to $63.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Finally, Mizuho cut their price objective on Tractor Supply from $65.00 to $58.00 and set an “outperform” rating on the stock in a report on Friday, January 30th. Fourteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.52.
Check Out Our Latest Analysis on TSCO
Tractor Supply Stock Performance
Tractor Supply (NASDAQ:TSCO – Get Free Report) last released its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.03). Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The business had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter last year, the company posted $0.44 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts predict that Tractor Supply will post 2.17 earnings per share for the current year.
Tractor Supply Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were issued a $0.24 dividend. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. Tractor Supply’s dividend payout ratio (DPR) is 46.38%.
Insider Buying and Selling
In other news, CFO Kurt D. Barton sold 1,929 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $53.94, for a total value 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 document filed with the SEC, which is available through this hyperlink. Also, EVP Colin Yankee sold 11,170 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $55.35, for a total value of $618,259.50. Following the completion of the transaction, the executive vice president owned 45,515 shares in the company, valued at approximately $2,519,255.25. This trade represents a 19.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 222,348 shares of company stock worth $11,959,621. Corporate insiders own 0.65% of the company’s stock.
Institutional Investors Weigh In On Tractor Supply
A number of large investors have recently modified their holdings of TSCO. Norges Bank acquired a new stake in shares of Tractor Supply in the fourth quarter valued at about $303,862,000. Victory Capital Management Inc. grew its stake in shares of Tractor Supply by 719.1% in the third quarter. Victory Capital Management Inc. now owns 4,508,661 shares of the specialty retailer’s stock valued at $256,408,000 after buying an additional 3,958,205 shares in the last quarter. Select Equity Group L.P. grew its stake in shares of Tractor Supply by 41.9% in the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after buying an additional 3,753,414 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of Tractor Supply by 505.1% in the third quarter. APG Asset Management N.V. now owns 4,329,556 shares of the specialty retailer’s stock valued at $246,222,000 after buying an additional 3,614,097 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.
Trending Headlines about Tractor Supply
Here are the key news stories impacting Tractor Supply this week:
- Positive Sentiment: Citigroup reaffirmed a Buy rating and set a $55 price target (from $61), leaving a meaningful upside case vs. current levels despite trimming its target. Citigroup lowers PT to $55, keeps Buy
- Positive Sentiment: Analyst/market commentary highlights TSCO as a potentially discounted, defensive retailer with a track record of dividend increases and longer‑term rebound potential, which could attract value investors on pullbacks. 3 Discounted Stocks With Strong Rebound Potential (TSCO)
- Neutral Sentiment: Tractor Supply launched an FFA tote design contest and other community/marketing initiatives (Harvest Fest), which support brand engagement but are unlikely to move near‑term earnings. Tractor Supply Invites FFA Members Nationwide…
- Neutral Sentiment: Market commentary is weighing whether recent weakness makes TSCO a better entry point; this is interpretive and depends on investor risk tolerance and timing. Has Tractor Supply (TSCO) Now Reached A More Attractive Entry Point…
- Negative Sentiment: Bank of America reinstated coverage with a Neutral rating and a $47 price target, explicitly flagging subdued discretionary spending and limited EPS upside — a clear headwind for near‑term share appreciation. Tractor Supply Reinstated at Neutral by BofA…
- Negative Sentiment: Coverage reiterates BofA’s view that weaker discretionary spending and an uncertain macro backdrop will constrain near‑term EPS upside, reinforcing caution among investors. Tractor Supply faces risk from subdued discretionary spending—BofA Securities
- Negative Sentiment: MarketWatch notes TSCO is underperforming peers today, reflecting sector rotation away from discretionary retail exposure after TSCO’s Q4 revenue and EPS shortfall earlier this year. Tractor Supply Co. stock underperforms Tuesday when compared to competitors
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.
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