Tractor Supply (NASDAQ:TSCO) Releases FY 2026 Earnings Guidance

Tractor Supply (NASDAQ:TSCO) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.900-2.000 for the period, compared to the consensus EPS estimate of 2.110. The company issued revenue guidance of $15.9 billion-$16.1 billion, compared to the consensus revenue estimate of $16.2 billion.

Wall Street Analysts Forecast Growth

TSCO has been the subject of several recent analyst reports. Weiss Ratings lowered Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Evercore reiterated an “outperform” rating and set a $40.00 price target on shares of Tractor Supply in a research report on Tuesday, July 7th. Wolfe Research set a $34.00 price objective on Tractor Supply in a research report on Thursday, July 16th. BNP Paribas Exane decreased their target price on Tractor Supply from $58.00 to $45.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd. Finally, Loop Capital dropped their price target on shares of Tractor Supply from $41.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, June 16th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.65.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $31.02 on Friday. The firm has a 50-day simple moving average of $30.63 and a 200-day simple moving average of $41.24. The company has a quick ratio of 0.16, a current ratio of 1.33 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $16.27 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 6.94 and a beta of 0.46. Tractor Supply has a 52 week low of $28.36 and a 52 week high of $62.89.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the previous year, the firm posted $0.81 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, equities analysts predict that Tractor Supply will post 1.97 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s payout ratio is currently 50.00%.

Key Stories Impacting Tractor Supply

Here are the key news stories impacting Tractor Supply this week:

• Positive Sentiment: Tractor Supply is expanding delivery options by launching Instacart same-day delivery from 2,400 stores, which could support convenience-driven sales and help offset softer in-store demand. Tractor Supply (TSCO) Launches Instacart Same Day Delivery From 2,400 Stores
• Neutral Sentiment: Analysts remain mixed after earnings, with Telsey Advisory Group trimming its price target to $38 while keeping an outperform rating, and Bank of America maintaining a hold rating with a $33 target. Telsey Advisory Group price target cut
• Neutral Sentiment: Tractor Supply reported second-quarter EPS of $0.81 and revenue of $4.54 billion, both slightly below expectations, while revenue still rose 2.3% year over year. Quarterly financial results
• Negative Sentiment: The company cut its full-year outlook, now guiding for EPS of $1.90 to $2.00 and revenue of $15.9 billion to $16.1 billion, below prior expectations, as it cited a tough May quarter and softer demand for discretionary and pet-related purchases. WSJ outlook cut article
• Negative Sentiment: Tractor Supply said it will close 75 Petsense stores, including six in Arkansas, signaling a restructuring of its pet business and pressure in that segment. Petsense store closure article

Hedge Funds Weigh In On Tractor Supply

A number of institutional investors have recently added to or reduced their stakes in TSCO. Select Equity Group L.P. grew its holdings in Tractor Supply by 41.9% in the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after buying an additional 3,753,414 shares in the last quarter. Invesco Ltd. boosted its position in shares of Tractor Supply by 18.4% during the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after acquiring an additional 2,706,819 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Tractor Supply by 46.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,046,977 shares of the specialty retailer’s stock valued at $252,400,000 after acquiring an additional 1,595,803 shares during the last quarter. Morgan Stanley grew its holdings in shares of Tractor Supply by 16.4% in the fourth quarter. Morgan Stanley now owns 10,622,335 shares of the specialty retailer’s stock valued at $531,223,000 after purchasing an additional 1,497,130 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Tractor Supply during the fourth quarter worth about $61,637,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

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.