Tractor Supply FY2024 EPS Raised by Telsey Advisory Group

Tractor Supply (NASDAQ:TSCO) – Investment analysts at Telsey Advisory Group lifted their FY2024 earnings per share (EPS) estimates for shares of Tractor Supply in a report released on Friday, January 24th. Telsey Advisory Group analyst J. Feldman now forecasts that the specialty retailer will earn $2.06 per share for the year, up from their previous forecast 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.

Other equities analysts also recently issued research reports about the stock. Gordon Haskett downgraded shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, October 24th. Mizuho lifted their price objective on Tractor Supply from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Piper Sandler increased their target price on Tractor Supply from $60.00 to $66.40 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Benchmark lifted their price target on Tractor Supply from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, UBS Group increased their price objective on Tractor Supply from $54.40 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.58.

Tractor Supply Price Performance

Tractor Supply stock opened at $57.38 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The business has a 50 day simple moving average of $55.23 and a 200-day simple moving average of $55.22. Tractor Supply has a 12 month low of $44.35 and a 12 month high of $61.53. The stock has a market capitalization of $30.65 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 3.31 and a beta of 0.84.

Institutional Investors Weigh In On Tractor Supply

Several hedge funds have recently modified their holdings of TSCO. Henrickson Nauta Wealth Advisors Inc. raised its position in shares of Tractor Supply by 3.2% in the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock valued at $328,000 after buying an additional 35 shares during the last quarter. Private Advisor Group LLC raised its holdings in Tractor Supply by 0.5% in the 3rd quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock valued at $2,238,000 after acquiring an additional 37 shares during the last quarter. Baldwin Investment Management LLC raised its holdings in Tractor Supply by 0.3% in the 3rd quarter. Baldwin Investment Management LLC now owns 11,402 shares of the specialty retailer’s stock valued at $3,317,000 after acquiring an additional 38 shares during the last quarter. TCI Wealth Advisors Inc. boosted its holdings in shares of Tractor Supply by 5.1% during the third quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer’s stock worth $246,000 after purchasing an additional 41 shares during the last quarter. Finally, Huntington National Bank grew its position in shares of Tractor Supply by 0.7% in the third quarter. Huntington National Bank now owns 5,538 shares of the specialty retailer’s stock valued at $1,611,000 after purchasing an additional 41 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 announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.53%. The ex-dividend date was Monday, November 25th. Tractor Supply’s payout ratio is 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.