Q2 2024 EPS Estimates for Tractor Supply (NASDAQ:TSCO) Reduced by Analyst

Tractor Supply (NASDAQ:TSCOFree Report) – Equities researchers at Zacks Research reduced their Q2 2024 EPS estimates for shares of Tractor Supply in a research report issued on Thursday, May 9th. Zacks Research analyst R. Lohia now anticipates that the specialty retailer will earn $3.92 per share for the quarter, down from their prior forecast of $3.94. The consensus estimate for Tractor Supply’s current full-year earnings is $10.32 per share. Zacks Research also issued estimates for Tractor Supply’s Q3 2024 earnings at $2.21 EPS, Q4 2024 earnings at $2.36 EPS, Q3 2025 earnings at $2.48 EPS, Q1 2026 earnings at $2.07 EPS and FY2026 earnings at $12.53 EPS.

A number of other research analysts have also commented on the company. Wells Fargo & Company upped their price target on Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Morgan Stanley raised their target price on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. Piper Sandler lifted their target price on shares of Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Evercore ISI upped their target price on shares of Tractor Supply from $275.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Barclays increased their target price on Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $253.54.

View Our Latest Report on TSCO

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $271.67 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. The stock has a market capitalization of $29.29 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 3.42 and a beta of 0.82. The company has a fifty day moving average of $258.06 and a 200-day moving average of $232.39. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $279.38.

Tractor Supply (NASDAQ:TSCOGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. Tractor Supply’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 EPS.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th will be given a $1.10 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $4.40 annualized dividend and a dividend yield of 1.62%. Tractor Supply’s dividend payout ratio is currently 42.84%.

Insider Activity

In other news, EVP Colin Yankee sold 8,675 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total value of $2,168,750.00. Following the completion of the transaction, the executive vice president now owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Colin Yankee sold 8,675 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the completion of the sale, the executive vice president now directly owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The disclosure for this sale can be found here. Insiders sold a total of 62,069 shares of company stock valued at $14,680,065 in the last ninety days. 0.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TSCO. OFI Invest Asset Management bought a new position in shares of Tractor Supply during the 3rd quarter worth approximately $25,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply in the first quarter valued at about $26,000. Private Wealth Management Group LLC bought a new stake in shares of Tractor Supply during the 4th quarter worth approximately $27,000. Pinnacle Bancorp Inc. bought a new position in shares of Tractor Supply in the 4th quarter valued at about $28,000. Finally, Rise Advisors LLC raised its holdings in shares of Tractor Supply by 157.1% in the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 66 shares during the period. 98.72% of the stock is currently owned by institutional investors.

About Tractor Supply

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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 d├ęcor products consist of clothing, footwear, toys, snacks, and decorative merchandise.

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Earnings History and Estimates for Tractor Supply (NASDAQ:TSCO)

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