Zacks Research Boosts Earnings Estimates for Tractor Supply

Tractor Supply (NASDAQ:TSCO) – Investment analysts at Zacks Research upped their FY2024 EPS estimates for Tractor Supply in a research report issued on Wednesday, January 8th. Zacks Research analyst R. Lohia now forecasts that the specialty retailer will post earnings of $2.05 per share for the year, up from their prior estimate of $2.05. The consensus estimate for Tractor Supply’s current full-year earnings is $10.24 per share. Zacks Research also issued estimates for Tractor Supply’s Q4 2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.84 EPS, Q1 2026 earnings at $0.43 EPS, Q2 2026 earnings at $0.92 EPS, Q3 2026 earnings at $0.54 EPS, Q4 2026 earnings at $0.56 EPS and FY2026 earnings at $2.46 EPS.

Other equities analysts also recently issued research reports about the stock. Melius Research initiated coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They set a “buy” rating and a $63.00 price objective for the company. Mizuho upgraded shares of Tractor Supply from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $54.00 to $60.00 in a research report on Monday, January 6th. DA Davidson boosted their target price on Tractor Supply from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. UBS Group raised their price target on Tractor Supply from $54.40 to $56.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Benchmark boosted their target price on shares of Tractor Supply from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Tractor Supply currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.25.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $54.59 on Monday. The firm has a market cap of $29.16 billion, a P/E ratio of 5.31, a P/E/G ratio of 3.58 and a beta of 0.84. Tractor Supply has a 52-week low of $43.83 and a 52-week high of $61.53. The business’s 50-day moving average price is $55.31 and its 200 day moving average price is $54.99. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81.

Tractor Supply Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply’s dividend payout ratio is presently 42.72%.

Hedge Funds Weigh In On Tractor Supply

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tilia Fiduciary Partners Inc. boosted its position in Tractor Supply by 418.2% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 48,688 shares of the specialty retailer’s stock valued at $2,583,000 after buying an additional 39,293 shares during the last quarter. Ridgewood Investments LLC lifted its stake in shares of Tractor Supply by 349.7% in the fourth quarter. Ridgewood Investments LLC now owns 6,048 shares of the specialty retailer’s stock worth $321,000 after acquiring an additional 4,703 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in Tractor Supply by 392.3% during the 4th quarter. ST Germain D J Co. Inc. now owns 640 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 510 shares in the last quarter. First Hawaiian Bank purchased a new stake in Tractor Supply during the 4th quarter worth approximately $337,000. Finally, Fulton Bank N.A. increased its holdings in Tractor Supply by 392.9% during the 4th quarter. Fulton Bank N.A. now owns 4,515 shares of the specialty retailer’s stock worth $240,000 after purchasing an additional 3,599 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

About Tractor Supply

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.