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

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

Analysts Set New Price Targets

Several brokerages have recently commented on TSCO. Loop Capital dropped their target price on shares of Tractor Supply from $51.00 to $41.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Truist Financial set a $44.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a report on Tuesday, April 21st. Robert W. Baird set a $60.00 target price on shares of Tractor Supply and gave the stock an “outperform” rating in a report on Friday, April 17th. Raymond James Financial dropped their price target on shares of Tractor Supply from $60.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd. Finally, Piper Sandler downgraded shares of Tractor Supply from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $51.00 to $36.00 in a research report on Tuesday, May 5th. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply has an average rating of “Moderate Buy” and an average target price of $47.19.

Tractor Supply Stock Performance

The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. The stock has a market cap of $15.64 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 1.82 and a beta of 0.51. The company’s 50 day moving average price is $39.80 and its 200-day moving average price is $48.14.

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

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.96 annualized dividend and a yield of 3.2%. Tractor Supply’s dividend payout ratio is presently 47.06%.

Institutional Investors Weigh In On Tractor Supply

Several institutional investors have recently added to or reduced their stakes in the business. GKV Capital Management Co. Inc. lifted its holdings in Tractor Supply by 6.6% during the first quarter. GKV Capital Management Co. Inc. now owns 31,421 shares of the specialty retailer’s stock valued at $1,423,000 after purchasing an additional 1,941 shares during the last quarter. Western Wealth Management LLC purchased a new stake in Tractor Supply in the first quarter valued at approximately $993,000. Sunbelt Securities Inc. raised its stake in Tractor Supply by 2.6% in the first quarter. Sunbelt Securities Inc. now owns 18,564 shares of the specialty retailer’s stock valued at $841,000 after purchasing an additional 469 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Tractor Supply by 9.4% during the first quarter. EverSource Wealth Advisors LLC now owns 4,904 shares of the specialty retailer’s stock valued at $222,000 after acquiring an additional 421 shares during the last quarter. Finally, Resources Management Corp CT ADV grew its position in Tractor Supply by 3.3% during the first quarter. Resources Management Corp CT ADV now owns 113,560 shares of the specialty retailer’s stock valued at $5,144,000 after acquiring an additional 3,622 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Company Profile

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.