Tractor Supply FY2024 EPS Lifted by Telsey Advisory Group

Tractor Supply (NASDAQ:TSCO) – Telsey Advisory Group boosted their FY2024 earnings per share (EPS) estimates for Tractor Supply in a research report issued to clients and investors on Friday, January 24th. Telsey Advisory Group analyst J. Feldman now expects that the specialty retailer will post earnings per share of $2.06 for the year, up from their previous forecast of $2.05. Telsey Advisory Group has a “Outperform” rating and a $67.00 price target on the stock. The consensus estimate for Tractor Supply’s current full-year earnings is $2.05 per share. Telsey Advisory Group also issued estimates for Tractor Supply’s Q4 2024 earnings at $0.46 EPS, Q1 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.51 EPS and FY2026 earnings at $2.45 EPS.

Several other analysts have also commented on TSCO. DA Davidson raised their price target on shares of Tractor Supply from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Loop Capital upped their price target on Tractor Supply from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Thursday, December 12th. Mizuho boosted their price objective on Tractor Supply from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday. Piper Sandler lifted their price target on shares of Tractor Supply from $60.00 to $66.40 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, Bank of America increased their price objective on shares of Tractor Supply from $44.00 to $53.00 and gave the company an “underperform” rating in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.58.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $57.94 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The stock has a market capitalization of $30.95 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 3.31 and a beta of 0.84. The firm’s 50 day simple moving average is $55.12 and its 200-day simple moving average is $55.16. Tractor Supply has a 12 month low of $44.35 and a 12 month high of $61.53.

Tractor Supply Cuts Dividend

The firm also recently announced 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. The ex-dividend date was Monday, November 25th. This represents a $0.88 annualized dividend and a yield of 1.52%. Tractor Supply’s dividend payout ratio (DPR) is 42.80%.

Institutional Trading of Tractor Supply

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Swedbank AB increased its position in shares of Tractor Supply by 564.0% during the fourth quarter. Swedbank AB now owns 869,290 shares of the specialty retailer’s stock valued at $46,125,000 after acquiring an additional 738,378 shares during the last quarter. abrdn plc boosted its position in shares of Tractor Supply by 632.0% during the 4th quarter. abrdn plc now owns 849,432 shares of the specialty retailer’s stock worth $44,965,000 after purchasing an additional 733,396 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in Tractor Supply by 479.8% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 717,855 shares of the specialty retailer’s stock valued at $37,752,000 after purchasing an additional 594,045 shares during the last quarter. Argent Capital Management LLC raised its position in Tractor Supply by 390.2% in the fourth quarter. Argent Capital Management LLC now owns 451,769 shares of the specialty retailer’s stock valued at $23,971,000 after purchasing an additional 359,617 shares during the period. Finally, Willis Investment Counsel lifted its stake in Tractor Supply by 403.5% during the fourth quarter. Willis Investment Counsel now owns 447,358 shares of the specialty retailer’s stock worth $23,737,000 after purchasing an additional 358,506 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

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.