Tractor Supply (NASDAQ:TSCO) Stock Price Down 5.6% – Here’s Why

Tractor Supply Company (NASDAQ:TSCO) shares dropped 5.6% on Monday . The stock traded as low as $30.02 and last traded at $29.9780. Approximately 1,261,662 shares changed hands during trading, a decline of 87% from the average daily volume of 9,720,040 shares. The stock had previously closed at $31.76.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TSCO shares. Evercore lowered their price objective on shares of Tractor Supply from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 19th. Argus decreased their target price on Tractor Supply from $64.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Mizuho cut their price target on shares of Tractor Supply from $58.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Guggenheim reaffirmed a “buy” rating and set a $50.00 target price (down from $60.00) on shares of Tractor Supply in a research report on Friday, June 5th. Finally, Wall Street Zen upgraded Tractor Supply from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.50.

Tractor Supply Stock Performance

The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86. The company has a market cap of $15.88 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 2.41 and a beta of 0.46. The firm’s fifty day moving average is $31.46 and its 200 day moving average is $43.39.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the business posted $0.34 EPS. Tractor Supply’s revenue for the quarter was up 3.6% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, research analysts predict that Tractor Supply Company will post 2.11 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s payout ratio is presently 47.06%.

Hedge Funds Weigh In On Tractor Supply

A number of institutional investors have recently made changes to their positions in TSCO. JPL Wealth Management LLC purchased a new position in shares of Tractor Supply during the 3rd quarter worth $28,000. Garner Asset Management Corp purchased a new stake in Tractor Supply during the fourth quarter worth approximately $25,000. Reflection Asset Management purchased a new position in Tractor Supply in the fourth quarter valued at about $26,000. Core Wealth Advisors LLC purchased a new position in Tractor Supply in the 4th quarter worth approximately $27,000. Finally, Aventura Private Wealth LLC acquired a new stake in Tractor Supply during the 4th quarter valued at $27,000. 98.72% of the stock is owned by institutional investors and hedge funds.

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.