Robert W. Baird Forecasts Strong Price Appreciation for Tractor Supply (NASDAQ:TSCO) Stock

Posted by Francis Steltz on Oct 23rd, 2026

Tractor Supply (NASDAQ:TSCO – Get Free Report) had its target price raised by equities researchers at Robert W. Baird from $38.00 to $40.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the specialty retailer’s stock. Robert W. Baird‘s target price would indicate a potential upside of 15.17% from the stock’s current price.

Several other analysts have also recently commented on TSCO. Morgan Stanley reiterated a “negative” rating and set a $35.00 target price on shares of Tractor Supply in a research report on Friday, July 24th. Mizuho set a $28.00 price objective on Tractor Supply and gave the company a “neutral” rating in a report on Friday, July 24th. Weiss Ratings raised Tractor Supply from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, September 28th. Evercore restated an “outperform” rating and set a $40.00 target price on shares of Tractor Supply in a report on Tuesday, July 7th. Finally, Truist Financial set a $33.00 target price on Tractor Supply and gave the stock a “hold” rating in a research report on Monday. Thirteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $38.81.

Check Out Our Latest Stock Report on TSCO

Tractor Supply Trading Up 6.2%

Shares of NASDAQ TSCO opened at $34.73 on Friday. Tractor Supply has a 1-year low of $28.36 and a 1-year high of $58.21. The company has a 50-day moving average of $33.56 and a two-hundred day moving average of $33.40. The company has a market cap of $18.21 billion, a PE ratio of 18.09, a P/E/G ratio of 2.11 and a beta of 0.52. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO – Get Free Report) last released 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. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.82 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share. As a group, equities analysts expect that Tractor Supply will post 1.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Tractor Supply

In related news, CEO Harry A. Lawton III acquired 15,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the acquisition, the chief executive officer directly owned 15,600 shares in the company, valued at approximately $501,540. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andre J. Hawaux acquired 3,150 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was bought at an average cost 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 in the company, valued at $100,264.50. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 20,310 shares of company stock valued at $652,411. 0.64% of the stock is currently owned by corporate insiders.

Institutional Trading of Tractor Supply

Several hedge funds and other institutional investors have recently modified their holdings of TSCO. BlackRock Inc. acquired a new position in shares of Tractor Supply during the second quarter worth about $1,500,967,000. Van ECK Associates Corp boosted its position in 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 worth $162,632,000 after acquiring an additional 4,978,105 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Tractor Supply during the 2nd quarter worth approximately $110,137,000. Bank of America Corp DE acquired a new stake in shares of Tractor Supply in the second quarter valued at approximately $105,502,000. Finally, Deutsche Bank AG acquired a new stake in shares of Tractor Supply in the second quarter valued at approximately $103,881,000. Institutional investors and hedge funds 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 adjusted earnings were $0.43 per share, above the $0.41 analyst consensus, while revenue increased 5.1% year over year to $3.91 billion, exceeding estimates of $3.82 billion. Tractor Supply Company Reports Third Quarter 2026 Financial Results; Reaffirms Fiscal Year 2026 Outlook
Positive Sentiment: Comparable-store sales rose 0.4% and improved sequentially, suggesting demand may be stabilizing after a difficult period for the retailer. Tractor Supply says comparable sales improved sequentially in Q3
Positive Sentiment: Management reaffirmed its fiscal 2026 outlook, reducing the risk of another near-term guidance cut. Tractor Supply Reaffirms FY26 Outlook
Positive Sentiment: Tractor Supply plans to reinvest about 40% of $100 million in tariff refunds into lower prices and is targeting $75 million in annual SG&A savings over 2027–2028. Capital spending is expected to remain below 4% of sales in 2027, supporting cash flow. Tractor Supply outlines capex and SG&A reductions
Neutral Sentiment: The company expects to open 90 stores in 2027, including larger garden centers, signaling continued expansion but also requiring execution and investment. Tractor Supply Company opening 90 new stores in 2027
Negative Sentiment: Profitability weakened: quarterly earnings fell 11.6% from $0.49 per share a year earlier as higher costs and price reductions pressured margins. Tractor Supply Q3 Earnings Beat on Sales Growth, Margins Fall
Negative Sentiment: The $34 price target from Truist, even after being raised, implies limited upside relative to the shares’ current trading level and reflects lingering concerns about the recovery. Truist raises Tractor Supply price target to $34

About Tractor Supply

(Get Free Report)

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.