Tractor Supply Company (NASDAQ:TSCO) Stock Has Average Target Price of $39.31

Shares of Tractor Supply Company (NASDAQ:TSCO) have received an average rating of “Hold” from the twenty-eight analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $39.31.

TSCO has been the subject of a number of recent research reports. Robert W. Baird dropped their price objective on shares of Tractor Supply from $50.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Zacks Research lowered shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. DA Davidson dropped their price objective on Tractor Supply from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Telsey Advisory Group reduced their price target on shares of Tractor Supply from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Finally, Barclays set a $35.00 target price on shares of Tractor Supply and gave the stock an “equal weight” rating in a report on Monday, July 13th.

Insider Buying and Selling

In other news, Director Andre Hawaux purchased 3,150 shares of the stock in a transaction on Monday, August 3rd. The stock was bought at an average price of $31.83 per share, with a total value of $100,264.50. Following the transaction, the director owned 3,150 shares in the company, valued at $100,264.50. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edna Morris purchased 1,560 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the purchase, the director owned 279,720 shares in the company, valued at approximately $9,074,116.80. The trade was a 0.56% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 20,310 shares of company stock worth $652,411 in the last 90 days. Insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Tractor Supply

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in Tractor Supply by 6.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock worth $156,108,000 after purchasing an additional 184,146 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Tractor Supply by 44.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock valued at $36,364,000 after buying an additional 222,750 shares during the period. IFP Advisors Inc increased its holdings in shares of Tractor Supply by 423.8% during the 2nd quarter. IFP Advisors Inc now owns 36,280 shares of the specialty retailer’s stock worth $1,147,000 after buying an additional 29,354 shares during the last quarter. TimesSquare Capital Management LLC acquired a new stake in shares of Tractor Supply during the 2nd quarter worth approximately $28,733,000. Finally, BlackRock Inc. purchased a new stake in shares of Tractor Supply during the 2nd quarter valued at approximately $1,500,967,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $31.73 on Friday. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 3.38 and a beta of 0.52. The firm has a fifty day moving average price of $33.60 and a 200 day moving average price of $34.75. Tractor Supply has a fifty-two week low of $28.36 and a fifty-two week high of $58.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The company had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, sell-side analysts expect that Tractor Supply will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, August 24th. Tractor Supply’s payout ratio is presently 50.00%.

About Tractor Supply

Tractor Supply Company (NASDAQ: TSCO) is a retailer focused on the needs of farmers, ranchers, homeowners, gardeners, pet owners and other customers who lead rural and suburban lifestyles. The company operates under the Tractor Supply banner and serves communities across the United States through stores and digital channels.

Its merchandise includes agricultural and livestock supplies, animal feed, fencing, hardware, tools, workwear, outdoor power equipment, lawn and garden products, home improvement goods, automotive products and seasonal merchandise.