FY2024 EPS Estimate for Tractor Supply Raised by Analyst

Tractor Supply (NASDAQ:TSCO) – Equities researchers at DA Davidson upped their FY2024 earnings per share estimates for Tractor Supply in a report released on Tuesday, October 22nd. DA Davidson analyst M. Baker now forecasts that the specialty retailer will post earnings of $10.33 per share for the year, up from their previous estimate of $10.27. DA Davidson currently has a “Buy” rating and a $325.00 target price on the stock. The consensus estimate for Tractor Supply’s current full-year earnings is $10.23 per share. DA Davidson also issued estimates for Tractor Supply’s FY2025 earnings at $11.47 EPS.

Several other equities research analysts have also recently commented on TSCO. Wells Fargo & Company boosted their target price on Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. JPMorgan Chase & Co. upped their price objective on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $335.00 target price on shares of Tractor Supply in a report on Thursday. Benchmark reissued a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a report on Monday, October 21st. Finally, Evercore ISI lowered shares of Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price objective for the company. in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tractor Supply has an average rating of “Hold” and an average target price of $277.70.

Tractor Supply Stock Down 0.6 %

Tractor Supply stock opened at $272.77 on Thursday. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $307.64. The stock has a market cap of $29.42 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 3.66 and a beta of 0.80. The company’s 50-day moving average price is $282.24 and its two-hundred day moving average price is $273.05. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.01. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.49 billion.

Hedge Funds Weigh In On Tractor Supply

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the first quarter worth $26,000. LRI Investments LLC bought a new stake in shares of Tractor Supply during the 1st quarter worth about $28,000. J.Safra Asset Management Corp increased its holdings in shares of Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 98 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Tractor Supply by 60.9% in the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Tractor Supply in the 2nd quarter worth approximately $33,000. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. Tractor Supply’s payout ratio is presently 42.43%.

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.