DA Davidson Expects Stronger Earnings for Tractor Supply

Tractor Supply (NASDAQ:TSCO) – Investment analysts at DA Davidson boosted their Q4 2024 earnings per share (EPS) estimates for Tractor Supply in a note issued to investors on Monday, December 23rd. DA Davidson analyst M. Baker now forecasts that the specialty retailer will earn $0.46 per share for the quarter, up from their previous forecast of $0.46. DA Davidson currently has a “Buy” rating and a $65.00 target price 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.

Other equities analysts also recently issued reports about the stock. Truist Financial cut their price objective on shares of Tractor Supply from $65.00 to $63.40 and set a “buy” rating on the stock in a report on Friday, October 25th. Robert W. Baird set a $64.00 price target on shares of Tractor Supply in a report on Thursday, October 17th. JPMorgan Chase & Co. increased their price objective on shares of Tractor Supply from $52.00 to $58.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Piper Sandler boosted their target price on Tractor Supply from $60.00 to $66.40 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Finally, Barclays increased their price target on Tractor Supply from $50.00 to $52.40 and gave the company an “equal weight” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.98.

Tractor Supply Trading Up 1.5 %

Shares of Tractor Supply stock opened at $54.49 on Tuesday. The company has a market capitalization of $29.11 billion, a P/E ratio of 5.30, a price-to-earnings-growth ratio of 3.58 and a beta of 0.83. The stock has a fifty day simple moving average of $55.87 and a 200 day simple moving average of $55.18. Tractor Supply has a 12-month low of $41.80 and a 12-month high of $61.53. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81.

Hedge Funds Weigh In On Tractor Supply

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

Insiders Place Their Bets

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

Tractor Supply Cuts Dividend

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

About Tractor Supply

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.