Tractor Supply (NASDAQ:TSCO) Stock Price Down 5.1% – What’s Next?

Tractor Supply Company (NASDAQ:TSCO)’s share price dropped 5.1% during mid-day trading on Tuesday . The company traded as low as $29.90 and last traded at $30.01. Approximately 3,668,422 shares changed hands during trading, a decline of 57% from the average daily volume of 8,472,144 shares. The stock had previously closed at $31.62.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Raymond James Financial cut their target price on Tractor Supply from $60.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Stephens cut their target price on Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 22nd. Argus dropped their price objective on shares of Tractor Supply from $64.00 to $50.00 and set a “buy” rating for the company in a report on Monday, April 27th. Loop Capital cut their price target on Tractor Supply from $51.00 to $41.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Finally, BNP Paribas Exane reduced their price objective on shares of Tractor Supply from $58.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Fourteen analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.19.

Tractor Supply Stock Performance

The firm has a 50 day moving average of $38.77 and a two-hundred day moving average of $47.65. The stock has a market cap of $16.45 billion, a PE ratio of 15.38, a PEG ratio of 2.29 and a beta of 0.51. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Research analysts predict that Tractor Supply Company will post 2.14 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.1%. Tractor Supply’s dividend payout ratio is 47.06%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of Tractor Supply by 1.6% during the third quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock worth $1,474,736,000 after acquiring an additional 420,731 shares during the last quarter. Capital International Investors raised its position in Tractor Supply by 3.9% in the 4th quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after purchasing an additional 902,659 shares during the last quarter. State Street Corp raised its position in Tractor Supply by 0.7% in the 4th quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after purchasing an additional 162,774 shares during the last quarter. Invesco Ltd. boosted its stake in Tractor Supply by 18.4% during the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after purchasing an additional 2,706,819 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Tractor Supply by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock worth $791,703,000 after purchasing an additional 184,457 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

About Tractor Supply

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.