Tractor Supply (NASDAQ:TSCO) Issues FY 2026 Earnings Guidance

Tractor Supply (NASDAQ:TSCO) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 1.900-2.000 for the period, compared to the consensus earnings per share estimate of 1.850. The company issued revenue guidance of $15.9 billion-$16.1 billion, compared to the consensus revenue estimate of $16.0 billion.

Tractor Supply Trading Down 3.8%

Shares of TSCO stock opened at $33.42 on Friday. The stock has a market capitalization of $17.53 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 2.16 and a beta of 0.52. Tractor Supply has a 1 year low of $28.36 and a 1 year high of $58.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.23. The company’s fifty day simple moving average is $33.51 and its two-hundred day simple moving average is $33.40.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Tractor Supply had a return on equity of 40.05% and a net margin of 6.13%. The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period in the previous year, the company posted $0.49 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, analysts anticipate that Tractor Supply will post 1.94 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is 51.61%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Zacks Research upgraded Tractor Supply from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. DA Davidson set a $36.00 price target on Tractor Supply in a research report on Thursday, October 8th. Robert W. Baird upped their price objective on Tractor Supply from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday. Mizuho set a $31.00 price objective on shares of Tractor Supply in a research note on Friday. Finally, Wall Street Zen cut shares of Tractor Supply from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Thirteen equities 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 stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $38.62.

Insiders Place Their Bets

In related news, Director Andre J. Hawaux purchased 3,150 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were purchased at an average cost of $31.83 per share, with a total value of $100,264.50. Following the transaction, the director directly owned 3,150 shares in the company, valued at $100,264.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edna Morris acquired 1,560 shares of Tractor Supply stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average cost of $32.44 per share, with a total value of $50,606.40. Following the transaction, the director owned 279,720 shares in the company, valued at $9,074,116.80. This represents a 0.56% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 20,310 shares of company stock worth $652,411. 0.64% of the stock is owned by corporate insiders.

Key Tractor Supply News

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

• Positive Sentiment: Sales and guidance exceeded expectations. Third-quarter revenue increased 5.1% to $3.91 billion, surpassing the $3.82 billion consensus estimate, while comparable-store sales rose 0.4%. Tractor Supply reaffirmed its fiscal 2026 outlook, including EPS guidance of $1.90–$2.00 and revenue guidance of $15.9 billion–$16.1 billion. Tractor Supply Company Reports Third Quarter 2026 Financial Results; Reaffirms Fiscal Year 2026 Outlook
• Positive Sentiment: Analyst price targets moved higher. JPMorgan raised its target to $38 while maintaining a neutral rating; BNP Paribas Exane lifted its target to $38 with an outperform rating; and Robert W. Baird raised its target to $40 with an outperform rating. JPMorgan Tractor Supply price target
• Positive Sentiment: Management outlined longer-term cost and growth initiatives. Tractor Supply plans approximately $75 million in annual SG&A reductions over 2027–2028, expects 2027 capital expenditures below 4% of sales, and plans to open about 90 stores with larger garden centers. The company also used part of tariff refunds to support lower prices. Tractor Supply outlines capital expenditures and cost reductions
• Neutral Sentiment: Insider buying offers a counterpoint. Reported open-market transactions over the past six months included purchases by CEO Harry Lawton and other executives, although institutional positioning was mixed, with 501 investors adding shares and 646 reducing positions in the latest quarter.
• Negative Sentiment: Profitability deteriorated despite the revenue beat. Third-quarter EPS was $0.43, below the prior-year $0.49, while higher costs, distribution expenses, new-store investments and price reductions pressured margins. Management also indicated that fourth-quarter gross margin could decline year over year, raising concerns about earnings quality and limiting the bullish impact of the sales growth. Tractor Supply stock slides as third-quarter results expose margin strain

About Tractor Supply

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.