Brokers Issue Forecasts for Tractor Supply’s Q2 2024 Earnings (NASDAQ:TSCO)

Tractor Supply (NASDAQ:TSCO) – Analysts at DA Davidson issued their Q2 2024 earnings estimates for Tractor Supply in a research report issued on Friday, April 26th. DA Davidson analyst M. Baker expects that the specialty retailer will post earnings per share of $3.95 for the quarter. The consensus estimate for Tractor Supply’s current full-year earnings is $10.26 per share. DA Davidson also issued estimates for Tractor Supply’s FY2025 earnings at $11.70 EPS.

Other equities research analysts also recently issued research reports about the stock. Telsey Advisory Group restated an “outperform” rating and issued a $275.00 price objective on shares of Tractor Supply in a research note on Thursday, April 25th. Stephens lowered shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $226.00 to $240.00 in a research report on Tuesday, January 23rd. Wells Fargo & Company upped their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Barclays lifted their target price on Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Finally, Piper Sandler upped their price target on Tractor Supply from $265.00 to $300.00 and gave the company an “overweight” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $250.00.

Tractor Supply Stock Performance

TSCO opened at $273.08 on Monday. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $279.38. The firm has a market capitalization of $29.47 billion, a P/E ratio of 26.59, a price-to-earnings-growth ratio of 3.47 and a beta of 0.84. The stock’s 50 day moving average price is $253.27 and its two-hundred day moving average price is $227.47. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. The firm 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%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.65 EPS.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were issued a dividend of $1.10 per share. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.61%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Insider Activity

In related news, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the sale, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the sale, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at $5,147,842.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was 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 owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,090 shares of company stock worth $21,201,877. Insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On Tractor Supply

A number of institutional investors and hedge funds have recently made changes to their positions in the company. OFI Invest Asset Management acquired a new stake in Tractor Supply in the third quarter worth about $25,000. Future Financial Wealth Managment LLC bought a new position in shares of Tractor Supply in the 1st quarter valued at about $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Tractor Supply during the 4th quarter worth approximately $27,000. Pinnacle Bancorp Inc. bought a new stake in shares of Tractor Supply during the fourth quarter worth approximately $28,000. Finally, Rise Advisors LLC lifted its holdings in Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 66 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Company Profile

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 décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.