Analysts Offer Predictions for Tractor Supply’s Q2 2024 Earnings (NASDAQ:TSCO)

Tractor Supply (NASDAQ:TSCO) – Equities research analysts at DA Davidson issued their Q2 2024 earnings per share estimates for Tractor Supply in a research report issued to clients and investors on Friday, April 26th. DA Davidson analyst M. Baker expects that the specialty retailer will post earnings of $3.95 per share for the quarter. The consensus estimate for Tractor Supply’s current full-year earnings is $10.26 per share. DA Davidson also issued estimates for Tractor Supply’s FY2025 earnings at $11.70 EPS.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 earnings per share.

TSCO has been the topic of several other research reports. Robert W. Baird lifted their target price on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Telsey Advisory Group reiterated an “outperform” rating and set a $275.00 price objective on shares of Tractor Supply in a research note on Thursday, April 25th. Wells Fargo & Company lifted their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Mizuho reiterated a “neutral” rating and set a $250.00 price objective (up previously from $245.00) on shares of Tractor Supply in a report on Friday, April 26th. Finally, Raymond James boosted their target price on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Tractor Supply presently has a consensus rating of “Hold” and an average price target of $250.00.

Tractor Supply Stock Down 1.7 %

Tractor Supply stock opened at $273.08 on Monday. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $279.38. The business has a fifty day moving average of $253.27 and a two-hundred day moving average of $227.47. The firm has a market cap of $29.47 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.47 and a beta of 0.84. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, February 23rd. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the sale, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the transaction, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Colin Yankee sold 8,675 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the sale, the executive vice president now directly owns 9,673 shares in the company, valued at $2,418,250. The disclosure for this sale can be found here. Insiders sold 90,090 shares of company stock worth $21,201,877 over the last three months. Company insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On Tractor Supply

Institutional investors have recently modified their holdings of the business. OFI Invest Asset Management purchased a new position in Tractor Supply during the third quarter worth approximately $25,000. Future Financial Wealth Managment LLC acquired a new position in shares of Tractor Supply during the 1st quarter worth approximately $26,000. Private Wealth Management Group LLC purchased a new position in shares of Tractor Supply during the 4th quarter valued at approximately $27,000. Pinnacle Bancorp Inc. acquired a new stake in Tractor Supply in the 4th quarter valued at $28,000. Finally, Rise Advisors LLC increased its holdings in Tractor Supply by 157.1% in the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 66 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.