Q4 EPS Estimates for Tractor Supply Increased by DA Davidson

Tractor Supply (NASDAQ:TSCO) – DA Davidson upped their Q4 2024 EPS estimates for shares of Tractor Supply in a research note issued to investors on Monday, December 23rd. DA Davidson analyst M. Baker now expects that the specialty retailer will post earnings per share of $0.46 for the quarter, up from their previous estimate of $0.46. DA Davidson currently has a “Buy” rating and a $65.00 price target on the stock. The consensus estimate for Tractor Supply’s current full-year earnings is $10.24 per share. DA Davidson also issued estimates for Tractor Supply’s FY2025 earnings at $2.23 EPS.

Several other analysts also recently weighed in on the company. Raymond James upped their price objective on Tractor Supply from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. Mizuho upped their price objective on shares of Tractor Supply from $50.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Benchmark raised their target price on shares of Tractor Supply from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Citigroup downgraded shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average target price of $57.98.

Tractor Supply Trading Up 1.5 %

Shares of TSCO stock opened at $54.49 on Tuesday. Tractor Supply has a fifty-two week low of $41.80 and a fifty-two week high of $61.53. The stock’s fifty day moving average price is $55.87 and its two-hundred day moving average price is $55.18. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The company has a market cap of $29.11 billion, a PE ratio of 5.30, a P/E/G ratio of 3.58 and a beta of 0.83.

Tractor Supply Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Monday, November 25th. Tractor Supply’s dividend payout ratio is presently 42.72%.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 117,660 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $59.13, for a total transaction of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 48,415 shares of the company’s stock, valued at $2,862,682.12. This trade represents a 70.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC acquired a new position in shares of Tractor Supply during the third quarter valued at about $29,000. First Personal Financial Services bought a new stake in Tractor Supply in the 3rd quarter valued at about $29,000. Whittier Trust Co. raised its stake in Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the period. Providence Capital Advisors LLC bought a new position in Tractor Supply in the third quarter worth approximately $32,000. Finally, DT Investment Partners LLC grew its stake in Tractor Supply by 120.0% in the third quarter. DT Investment Partners LLC now owns 132 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 72 shares during the period. 98.72% of the stock is owned by institutional investors.

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.