Tractor Supply (NASDAQ:TSCO) Price Target Raised to $40.00

Tractor Supply (NASDAQ:TSCO) had its price objective hoisted by Robert W. Baird from $38.00 to $40.00 in a research note released on Friday morning, Marketbeat Ratings reports. Robert W. Baird currently has an outperform rating on the specialty retailer’s stock.

TSCO has been the subject of a number of other research reports. Evercore reiterated an “outperform” rating and issued a $40.00 price target on shares of Tractor Supply in a report on Tuesday, July 7th. Barclays set a $35.00 price objective on shares of Tractor Supply and gave the stock an “equal weight” rating in a report on Monday, July 13th. Raymond James Financial lowered their target price on shares of Tractor Supply from $48.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Morgan Stanley restated a “negative” rating and issued a $35.00 price target on shares of Tractor Supply in a report on Friday, July 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $38.00 price objective (down from $43.00) on shares of Tractor Supply in a research note on Friday, July 24th. Thirteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.62.

Tractor Supply Price Performance

Tractor Supply stock opened at $33.42 on Friday. The stock’s 50 day moving average price is $33.51 and its 200 day moving average price is $33.32. Tractor Supply has a 1-year low of $28.36 and a 1-year high of $58.20. The company has a market cap of $17.53 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 2.16 and a beta of 0.52. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.20.

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, topping the consensus estimate of $0.41 by $0.02. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Tractor Supply had a return on equity of 40.05% and a net margin of 6.13%. Tractor Supply’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 earnings per share. On average, sell-side analysts predict that Tractor Supply will post 1.94 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were issued a dividend of $0.24 per share. The ex-dividend date was Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.9%. Tractor Supply’s payout ratio is 51.61%.

Insider Buying and Selling

In other Tractor Supply news, Director Andre J. Hawaux purchased 3,150 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was bought at an average cost of $31.83 per share, for a total transaction of $100,264.50. Following the acquisition, the director owned 3,150 shares of the company’s stock, valued at approximately $100,264.50. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Harry A. Lawton III purchased 15,600 shares of Tractor Supply stock in a transaction on Tuesday, August 4th. The shares were acquired at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the purchase, the chief executive officer owned 15,600 shares in the company, valued at approximately $501,540. This trade represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 20,310 shares of company stock worth $652,411. 0.64% of the stock is owned by insiders.

Institutional Investors Weigh In On Tractor Supply

A number of hedge funds and other institutional investors have recently made changes to their positions in TSCO. Elevation Wealth Partners LLC increased its stake in Tractor Supply by 1,253.4% in the second quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 727 shares during the last quarter. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Tractor Supply in the second quarter worth approximately $26,000. Community Financial Services Group LLC boosted its position in shares of Tractor Supply by 3,240.0% in the second quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 810 shares during the last quarter. Bullseye Investment Management LLC acquired a new stake in shares of Tractor Supply in the second quarter worth approximately $31,000. Finally, Pingora Partners LLC purchased a new stake in Tractor Supply in the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Trending Headlines about Tractor Supply

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.