Tractor Supply FY2024 EPS Lifted by Telsey Advisory Group

Tractor Supply (NASDAQ:TSCO) – Stock analysts at Telsey Advisory Group increased their FY2024 earnings per share estimates for shares of Tractor Supply in a research report issued to clients and investors on Friday, January 24th. Telsey Advisory Group analyst J. Feldman now forecasts that the specialty retailer will post earnings of $2.06 per share for the year, up from their prior estimate of $2.05. Telsey Advisory Group has a “Outperform” rating and a $67.00 price objective 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.

TSCO has been the subject of a number of other reports. Benchmark upped their price objective on shares of Tractor Supply from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Gordon Haskett downgraded Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. UBS Group lifted their price objective on shares of Tractor Supply from $54.40 to $56.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Robert W. Baird set a $64.00 target price on Tractor Supply in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. raised their price target on Tractor Supply from $52.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.58.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $57.91 on Monday. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. The business’s 50-day moving average price is $55.17 and its 200 day moving average price is $55.20. Tractor Supply has a 52-week low of $44.35 and a 52-week high of $61.53. The firm has a market cap of $30.94 billion, a P/E ratio of 28.17, a PEG ratio of 3.31 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TSCO. Silvant Capital Management LLC lifted its position in shares of Tractor Supply by 20.9% during the 3rd quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock valued at $4,300,000 after acquiring an additional 2,556 shares during the period. Blueshift Asset Management LLC boosted its holdings in Tractor Supply by 32.7% during the 3rd quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer’s stock worth $2,893,000 after acquiring an additional 2,452 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Tractor Supply in the 2nd quarter worth about $13,353,000. Allspring Global Investments Holdings LLC increased its position in shares of Tractor Supply by 48.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 9,801 shares of the specialty retailer’s stock valued at $2,851,000 after acquiring an additional 3,182 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in Tractor Supply by 16.5% during the third quarter. Mutual of America Capital Management LLC now owns 27,336 shares of the specialty retailer’s stock worth $7,953,000 after acquiring an additional 3,863 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Tractor Supply Company Profile

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.