JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Tractor Supply (NASDAQ:TSCO) Stock

Tractor Supply (NASDAQ:TSCO) had its target price increased by investment analysts at JPMorgan Chase & Co. from $35.00 to $38.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 13.35% from the company’s current price.

Several other equities research analysts have also commented on TSCO. Zacks Research upgraded Tractor Supply from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 target price (up from $35.00) on shares of Tractor Supply in a research note on Monday. Citigroup restated a “buy” rating and set a $38.00 price target (up from $37.00) on shares of Tractor Supply in a research note on Tuesday, October 13th. Argus set a $41.00 price objective on shares of Tractor Supply in a report on Tuesday, July 28th. Finally, Truist Financial set a $33.00 price objective on Tractor Supply and gave the stock a “hold” rating in a report on Monday. Thirteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $38.54.

Tractor Supply Stock Performance

Shares of TSCO stock traded down $1.21 during midday trading on Friday, hitting $33.52. 5,032,091 shares of the company were exchanged, compared to its average volume of 10,285,613. Tractor Supply has a 52 week low of $28.36 and a 52 week high of $58.20. The firm’s 50 day moving average price is $33.56 and its two-hundred day moving average price is $33.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. The firm has a market capitalization of $17.58 billion, a P/E ratio of 17.46, a PEG ratio of 2.11 and a beta of 0.52.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts anticipate that Tractor Supply will post 1.94 earnings per share for the current year.

Insider Activity

In other news, Director Edna Morris bought 1,560 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were acquired at an average cost of $32.44 per share, with a total value of $50,606.40. Following the completion of the transaction, the director owned 279,720 shares of the company’s stock, valued at approximately $9,074,116.80. This trade represents a 0.56% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andre Hawaux purchased 3,150 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was acquired at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the transaction, the director directly owned 3,150 shares of the company’s stock, valued at approximately $100,264.50. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 20,310 shares of company stock valued at $652,411 in the last ninety days. 0.64% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tractor Supply

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Tractor Supply in the second quarter worth $1,500,967,000. Van ECK Associates Corp lifted its stake in shares of Tractor Supply by 2,983.6% during the 2nd quarter. Van ECK Associates Corp now owns 5,144,955 shares of the specialty retailer’s stock valued at $162,632,000 after buying an additional 4,978,105 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of Tractor Supply during the 2nd quarter valued at $110,137,000. Bank of America Corp DE purchased a new position in shares of Tractor Supply during the 2nd quarter valued at $105,502,000. Finally, Deutsche Bank AG purchased a new position in shares of Tractor Supply in the second quarter valued at about $103,881,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply News Roundup

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

• Positive Sentiment: Third-quarter results exceeded expectations: EPS was $0.43 versus the $0.41 consensus, while revenue rose 5.1% year over year to $3.91 billion, above estimates of $3.82 billion. The sales improvement and sequential recovery in comparable-store performance helped drive investor optimism. Tractor Supply’s Q3 Beat Plants the Seeds for a Stock Rebound
• Positive Sentiment: Full-year guidance is above earnings expectations: Tractor Supply issued fiscal 2026 EPS guidance of $1.90-$2.00, compared with the $1.85 analyst consensus. Revenue guidance of $15.9 billion-$16.1 billion brackets the $16.0 billion consensus, while the company reaffirmed its outlook. Tractor Supply Reports Third Quarter Results
• Positive Sentiment: Cost savings and shareholder returns offer longer-term support: Management is targeting $75 million of annual SG&A reductions over 2027-2028, plans to keep 2027 capital spending below 4% of sales, and continues to support investors through dividends and share repurchases. The company also expects to open approximately 90 stores in 2027.
• Positive Sentiment: Analyst targets moved higher: BNP Paribas Exane raised its price target to $38 and Baird lifted its target to $40; both firms maintain “outperform” ratings, signaling potential upside if the recovery continues.
• Neutral Sentiment: New technology leadership: Tractor Supply appointed Fahim Siddiqui as executive vice president and chief technology and digital officer, effective October 26. The appointment could support digital and operational improvements, but its financial impact is not yet clear.
• Negative Sentiment: Profitability remains under pressure: Despite the sales beat, quarterly EPS declined from $0.49 a year earlier and net income fell as new-store investments, distribution expenses, higher costs, and price reductions compressed margins. Comparable sales increased only 0.4%, underscoring the uneven recovery. Tractor Supply Q3 Earnings Beat on Sales Growth, Margins Fall
• Negative Sentiment: Analyst caution remains: At least one Seeking Alpha analysis downgraded the stock, arguing that margin risks and the slow comparable-sales recovery warrant caution. This may temper the positive reaction to the earnings beat.

About Tractor Supply

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.