Tractor Supply (NASDAQ:TSCO) Releases FY 2026 Earnings Guidance

Tractor Supply (NASDAQ:TSCO) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.900-2.000 for the period, compared to the consensus EPS estimate of 2.110. The company issued revenue guidance of $15.9 billion-$16.1 billion, compared to the consensus revenue estimate of $16.2 billion.

Tractor Supply Stock Up 3.3%

Shares of NASDAQ:TSCO opened at $30.32 on Friday. The company has a market capitalization of $15.90 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 6.37 and a beta of 0.46. The company has a 50 day moving average of $30.62 and a two-hundred day moving average of $41.31. Tractor Supply has a 52-week low of $28.36 and a 52-week high of $63.99. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The firm had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter last year, the company posted $0.81 earnings per share. Tractor Supply’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, analysts forecast that Tractor Supply will post 2.08 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were paid a $0.24 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.96 annualized dividend and a dividend yield of 3.2%. Tractor Supply’s payout ratio is 47.06%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TSCO shares. BNP Paribas Exane decreased their target price on Tractor Supply from $58.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Argus cut their price target on shares of Tractor Supply from $64.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Jefferies Financial Group restated a “buy” rating and set a $51.00 price objective on shares of Tractor Supply in a research note on Tuesday, April 21st. The Goldman Sachs Group reiterated a “buy” rating and set a $38.00 price target on shares of Tractor Supply in a report on Friday. Finally, Guggenheim set a $40.00 price objective on Tractor Supply in a research note on Friday. Thirteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.23.

Key Stories Impacting Tractor Supply

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

• Positive Sentiment: Telsey Advisory Group lowered its price target on Tractor Supply to $38 from $40 but kept an Outperform rating, implying the stock still has meaningful upside from the current price.
• Positive Sentiment: Tractor Supply launched Instacart same-day delivery from 2,400 stores, a move that could support convenience-focused sales and broaden access to customers. Instacart same day delivery article
• Neutral Sentiment: Bank of America Securities maintained a Hold rating and kept its price target at $33, signaling a wait-and-see stance after the earnings reset. Bank of America hold rating article
• Neutral Sentiment: The company said it is balancing growth initiatives with near-term strain, suggesting management still sees longer-term demand but acknowledges current operating pressure. Earnings call highlights article
• Negative Sentiment: Second-quarter EPS of $0.81 missed estimates, revenue came in at $4.54 billion versus expectations, and comparable sales fell, underscoring weaker discretionary demand. Q2 earnings miss article
• Negative Sentiment: Tractor Supply cut full-year guidance, lowering expected sales growth to 2.5% to 3.5% from 4% to 6%, which is a key reason the stock is being sold off. Outlook cut article

Institutional Investors Weigh In On Tractor Supply

Several hedge funds and other institutional investors have recently made changes to their positions in TSCO. Select Equity Group L.P. raised its holdings in Tractor Supply by 41.9% in the 2nd 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 during the last quarter. Invesco Ltd. raised its stake in shares of Tractor Supply by 18.4% during the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after acquiring an additional 2,706,819 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Tractor Supply by 46.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,046,977 shares of the specialty retailer’s stock worth $252,400,000 after purchasing an additional 1,595,803 shares during the period. Morgan Stanley increased its holdings in Tractor Supply by 16.4% in the fourth quarter. Morgan Stanley now owns 10,622,335 shares of the specialty retailer’s stock valued at $531,223,000 after purchasing an additional 1,497,130 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Tractor Supply in the fourth quarter valued at about $61,637,000. 98.72% of the stock is owned by institutional investors.

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.