JPMorgan Chase & Co. Issues Positive Forecast for Tractor Supply (NASDAQ:TSCO) Stock Price

Tractor Supply (NASDAQ:TSCO) had its target price raised by analysts at JPMorgan Chase & Co. from $35.00 to $38.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 13.35% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Raymond James Financial decreased their price target on Tractor Supply from $48.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Wolfe Research set a $34.00 target price on Tractor Supply in a research report on Thursday, July 16th. Truist Financial set a $33.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a research note on Monday. UBS Group reiterated a “neutral” rating on shares of Tractor Supply in a report on Monday, October 12th. Finally, Zacks Research upgraded shares of Tractor Supply from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $38.54.

Tractor Supply Price Performance

Tractor Supply stock traded down $1.21 during mid-day trading on Friday, reaching $33.52. 5,032,091 shares of the company’s stock traded hands, compared to its average volume of 10,285,613. The stock has a 50 day moving average of $33.56 and a two-hundred day moving average of $33.40. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83. The company has a market cap of $17.58 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.11 and a beta of 0.52. Tractor Supply has a 12-month low of $28.36 and a 12-month high of $58.20.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, October 22nd. The specialty retailer reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.82 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. Tractor Supply’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 earnings per share. Equities analysts forecast that Tractor Supply will post 1.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Harry A. Lawton III bought 15,600 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average price of $32.15 per share, with a total value of $501,540.00. Following the completion of the acquisition, the chief executive officer directly owned 15,600 shares of the company’s stock, valued at $501,540. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edna Morris acquired 1,560 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the acquisition, the director directly owned 279,720 shares in the company, valued at approximately $9,074,116.80. The trade was a 0.56% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 20,310 shares of company stock valued at $652,411. Insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Tractor Supply

Several large investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Tractor Supply in the 2nd quarter valued at about $1,500,967,000. Van ECK Associates Corp boosted its position in Tractor Supply by 2,983.6% during the second quarter. Van ECK Associates Corp now owns 5,144,955 shares of the specialty retailer’s stock worth $162,632,000 after purchasing an additional 4,978,105 shares in the last quarter. Legal & General Group Plc acquired a new stake in Tractor Supply in the second quarter valued at approximately $110,137,000. Bank of America Corp DE acquired a new stake in Tractor Supply in the second quarter valued at approximately $105,502,000. Finally, Deutsche Bank AG purchased a new stake in shares of Tractor Supply in the second quarter valued at approximately $103,881,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply News Summary

Here are the key news stories impacting Tractor Supply this week:

• Positive Sentiment: Third-quarter results exceeded expectations: EPS was $0.43 versus the $0.41 consensus, while revenue rose 5.1% year over year to $3.91 billion, above estimates of $3.82 billion. The sales improvement and sequential recovery in comparable-store performance helped drive investor optimism. Tractor Supply’s Q3 Beat Plants the Seeds for a Stock Rebound
• Positive Sentiment: Full-year guidance is above earnings expectations: Tractor Supply issued fiscal 2026 EPS guidance of $1.90-$2.00, compared with the $1.85 analyst consensus. Revenue guidance of $15.9 billion-$16.1 billion brackets the $16.0 billion consensus, while the company reaffirmed its outlook. Tractor Supply Reports Third Quarter Results
• Positive Sentiment: Cost savings and shareholder returns offer longer-term support: Management is targeting $75 million of annual SG&A reductions over 2027-2028, plans to keep 2027 capital spending below 4% of sales, and continues to support investors through dividends and share repurchases. The company also expects to open approximately 90 stores in 2027.
• Positive Sentiment: Analyst targets moved higher: BNP Paribas Exane raised its price target to $38 and Baird lifted its target to $40; both firms maintain “outperform” ratings, signaling potential upside if the recovery continues.
• Neutral Sentiment: New technology leadership: Tractor Supply appointed Fahim Siddiqui as executive vice president and chief technology and digital officer, effective October 26. The appointment could support digital and operational improvements, but its financial impact is not yet clear.
• Negative Sentiment: Profitability remains under pressure: Despite the sales beat, quarterly EPS declined from $0.49 a year earlier and net income fell as new-store investments, distribution expenses, higher costs, and price reductions compressed margins. Comparable sales increased only 0.4%, underscoring the uneven recovery. Tractor Supply Q3 Earnings Beat on Sales Growth, Margins Fall
• Negative Sentiment: Analyst caution remains: At least one Seeking Alpha analysis downgraded the stock, arguing that margin risks and the slow comparable-sales recovery warrant caution. This may temper the positive reaction to the earnings beat.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.