Q2 2024 EPS Estimates for Tractor Supply (NASDAQ:TSCO) Raised by Analyst

Tractor Supply (NASDAQ:TSCO) – Equities researchers at Telsey Advisory Group raised their Q2 2024 earnings estimates for shares of Tractor Supply in a report issued on Thursday, April 25th. Telsey Advisory Group analyst J. Feldman now forecasts that the specialty retailer will post earnings per share of $3.93 for the quarter, up from their previous forecast of $3.90. Telsey Advisory Group has a “Outperform” rating and a $275.00 price target on the stock. The consensus estimate for Tractor Supply’s current full-year earnings is $10.26 per share. Telsey Advisory Group also issued estimates for Tractor Supply’s Q3 2024 earnings at $2.25 EPS, Q4 2024 earnings at $2.39 EPS, FY2024 earnings at $10.40 EPS, Q1 2025 earnings at $1.99 EPS, Q2 2025 earnings at $4.33 EPS, Q3 2025 earnings at $2.49 EPS and FY2025 earnings at $11.43 EPS.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis.

Several other research analysts have also recently issued reports on TSCO. UBS Group increased their price objective on shares of Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. TD Cowen lifted their price target on Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Wells Fargo & Company boosted their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Mizuho reiterated a “neutral” rating and issued a $250.00 target price (up from $245.00) on shares of Tractor Supply in a report on Friday, April 26th. Finally, Morgan Stanley raised their target price on shares of Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $250.00.

Tractor Supply Price Performance

Shares of TSCO opened at $273.08 on Monday. The firm has a market capitalization of $29.47 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 3.47 and a beta of 0.84. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. The stock’s fifty day moving average is $253.27 and its 200-day moving average is $227.47. Tractor Supply has a one year low of $185.00 and a one year high of $279.38.

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were issued a $1.10 dividend. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $4.40 annualized dividend and a yield of 1.61%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.84%.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the transaction, the chief financial officer now directly owns 25,013 shares in the company, valued at approximately $5,804,516.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the sale, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at $5,314,246. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kurt D. Barton sold 401 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the sale, the chief financial officer now owns 25,013 shares of the company’s stock, valued at approximately $5,804,516.78. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock worth $21,201,877 over the last three months. 0.58% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tractor Supply

Several institutional investors have recently modified their holdings of TSCO. Future Financial Wealth Managment LLC bought a new position in Tractor Supply during the 1st quarter worth approximately $26,000. Rise Advisors LLC raised its holdings in Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 66 shares during the period. Private Wealth Management Group LLC bought a new position in shares of Tractor Supply during the fourth quarter worth $27,000. OFI Invest Asset Management acquired a new position in shares of Tractor Supply in the 3rd quarter valued at $25,000. Finally, Pinnacle Bancorp Inc. acquired a new position in shares of Tractor Supply in the 4th quarter valued at $28,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.