Tractor Supply (NASDAQ:TSCO) Reaches New 12-Month Low – Here’s Why

Tractor Supply Company (NASDAQ:TSCO) hit a new 52-week low during trading on Monday . The company traded as low as $33.47 and last traded at $33.5650, with a volume of 700496 shares trading hands. The stock had previously closed at $33.83.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group dropped their price objective on Tractor Supply from $55.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on Tractor Supply from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Wall Street Zen raised Tractor Supply from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Wolfe Research reissued an “outperform” rating and set a $57.00 price objective on shares of Tractor Supply in a report on Friday, January 30th. Finally, Citigroup dropped their price objective on Tractor Supply from $55.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Fifteen analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.96.

Tractor Supply Price Performance

The firm has a market capitalization of $16.99 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 1.94 and a beta of 0.51. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. The business has a 50 day simple moving average of $45.80 and a two-hundred day simple moving average of $50.64.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.Tractor Supply’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, sell-side analysts expect that Tractor Supply Company will post 2.15 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were paid a $0.24 dividend. The ex-dividend date was Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a yield of 3.0%. This is an increase from Tractor Supply’s previous quarterly dividend of $0.23. Tractor Supply’s dividend payout ratio is currently 47.06%.

Insider Activity

In other news, EVP Robert D. Mills sold 62,950 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the transaction, the executive vice president directly owned 122,834 shares in the company, valued at approximately $6,647,776.08. This represents a 33.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kurt D. Barton sold 1,929 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $53.94, for a total value of $104,050.26. Following the transaction, the chief financial officer owned 44,736 shares in the company, valued at $2,413,059.84. This trade represents a 4.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 222,348 shares of company stock worth $11,959,621. 0.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tractor Supply

Institutional investors have recently modified their holdings of the company. JPL Wealth Management LLC bought a new position in shares of Tractor Supply during the 3rd quarter valued at about $28,000. Garner Asset Management Corp bought a new position in shares of Tractor Supply during the 4th quarter valued at about $25,000. Reflection Asset Management bought a new position in shares of Tractor Supply during the 4th quarter valued at about $26,000. Core Wealth Advisors LLC bought a new position in shares of Tractor Supply during the 4th quarter valued at about $27,000. Finally, Aventura Private Wealth LLC bought a new position in shares of Tractor Supply during the 4th quarter valued at about $27,000. 98.72% of the stock is currently 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.