Tractor Supply (NASDAQ:TSCO) Reaches New 12-Month Low Following Weak Earnings

Tractor Supply Company (NASDAQ:TSCO) shares hit a new 52-week low on Tuesday following a weaker than expected earnings announcement. The company traded as low as $40.33 and last traded at $41.0220, with a volume of 4947543 shares changing hands. The stock had previously closed at $44.81.

The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.03). Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The business’s revenue was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were paid a $0.24 dividend. This is a boost from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, February 24th. Tractor Supply’s payout ratio is currently 46.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Stephens set a $53.00 price objective on shares of Tractor Supply and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. Gordon Haskett downgraded shares of Tractor Supply from an “accumulate” rating to a “hold” rating and decreased their price objective for the company from $57.00 to $50.00 in a research note on Thursday, January 8th. Truist Financial set a $55.00 price objective on shares of Tractor Supply and gave the company a “hold” rating in a research note on Friday, January 16th. Wall Street Zen downgraded shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $55.00 price objective (down from $60.00) on shares of Tractor Supply in a research note on Tuesday, April 14th. Fourteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $57.78.

Insiders Place Their Bets

In other news, CEO Harry A. Lawton III sold 84,670 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $53.16, for a total value of $4,501,057.20. Following the completion of the sale, the chief executive officer directly owned 606,842 shares of the company’s stock, valued at approximately $32,259,720.72. This represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert D. Mills sold 62,950 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the completion of the sale, the executive vice president directly owned 122,834 shares of the company’s stock, valued at $6,647,776.08. The trade was a 33.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 222,348 shares of company stock valued at $11,959,621. 0.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. raised its holdings in Tractor Supply by 5.2% during the first quarter. GHP Investment Advisors Inc. now owns 202,288 shares of the specialty retailer’s stock worth $9,164,000 after purchasing an additional 9,999 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Tractor Supply during the first quarter worth about $1,219,000. Kestra Private Wealth Services LLC raised its holdings in Tractor Supply by 1.1% during the first quarter. Kestra Private Wealth Services LLC now owns 126,722 shares of the specialty retailer’s stock worth $5,741,000 after purchasing an additional 1,417 shares in the last quarter. OP Asset Management Ltd purchased a new position in Tractor Supply during the first quarter worth about $2,523,000. Finally, Assenagon Asset Management S.A. raised its holdings in Tractor Supply by 152.2% during the first quarter. Assenagon Asset Management S.A. now owns 227,462 shares of the specialty retailer’s stock worth $10,304,000 after purchasing an additional 137,270 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Stock Down 9.1%

The stock has a market capitalization of $21.43 billion, a PE ratio of 19.70, a PEG ratio of 2.40 and a beta of 0.75. The firm’s fifty day moving average is $48.52 and its 200-day moving average is $51.64. The company has a quick ratio of 0.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.70.

About Tractor Supply

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.