Tractor Supply (NASDAQ:TSCO) Price Target Raised to $38.00

Posted by George Bondi on Oct 26th, 2026

Tractor Supply (NASDAQ:TSCO – Free Report) had its price target hoisted by BNP Paribas Exane from $34.00 to $38.00 in a research report released on Friday,Benzinga reports. BNP Paribas Exane currently has an outperform rating on the specialty retailer’s stock.

Several other research firms also recently weighed in on TSCO. Evercore restated an “outperform” rating and issued a $40.00 price objective on shares of Tractor Supply in a report on Tuesday, July 7th. Truist Financial set a $33.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a report on Monday, October 19th. UBS Group reissued a “neutral” rating on shares of Tractor Supply in a research report on Monday, October 12th. Telsey Advisory Group cut their target price on shares of Tractor Supply from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. Finally, Zacks Research upgraded shares of Tractor Supply from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.62.

Get Our Latest Report on TSCO

Tractor Supply Stock Performance

Shares of NASDAQ TSCO opened at $33.42 on Friday. The company has a quick ratio of 0.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The business has a fifty day simple moving average of $33.51 and a two-hundred day simple moving average of $33.32. The firm has a market cap of $17.53 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 2.16 and a beta of 0.52. Tractor Supply has a twelve month low of $28.36 and a twelve month high of $58.20.

Tractor Supply (NASDAQ:TSCO – Get Free Report) last issued its earnings results on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. Tractor Supply had a return on equity of 40.05% and a net margin of 6.13%. The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts expect that Tractor Supply will post 1.94 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, August 24th. Tractor Supply’s payout ratio is presently 51.61%.

Insider Buying and Selling

In related news, Director Edna Morris acquired 1,560 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average price of $32.44 per share, with a total value of $50,606.40. Following the completion of the transaction, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Harry Lawton, III acquired 15,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the transaction, the chief executive officer owned 15,600 shares of the company’s stock, valued at $501,540. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 20,310 shares of company stock worth $652,411 in the last three months. 0.64% of the stock is owned by insiders.

Institutional Trading of Tractor Supply

Several hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC boosted its holdings in shares of Tractor Supply by 9.9% in the 3rd quarter. V Square Quantitative Management LLC now owns 30,721 shares of the specialty retailer’s stock valued at $961,000 after buying an additional 2,778 shares in the last quarter. Community Financial Services Group LLC grew its position in shares of Tractor Supply by 44.0% in the 3rd quarter. Community Financial Services Group LLC now owns 1,202 shares of the specialty retailer’s stock worth $38,000 after buying an additional 367 shares during the last quarter. Polaris Financial Partners purchased a new position in shares of Tractor Supply in the 3rd quarter worth approximately $106,000. CX Institutional raised its stake in shares of Tractor Supply by 5.3% during the 3rd quarter. CX Institutional now owns 10,301 shares of the specialty retailer’s stock worth $322,000 after acquiring an additional 518 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Tractor Supply by 2.9% during the 2nd quarter. State Street Corp now owns 23,500,716 shares of the specialty retailer’s stock worth $742,858,000 after acquiring an additional 665,648 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply News Roundup

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

Positive Sentiment: Sales and guidance exceeded expectations. Third-quarter revenue increased 5.1% to $3.91 billion, surpassing the $3.82 billion consensus estimate, while comparable-store sales rose 0.4%. Tractor Supply reaffirmed its fiscal 2026 outlook, including EPS guidance of $1.90–$2.00 and revenue guidance of $15.9 billion–$16.1 billion. Tractor Supply Company Reports Third Quarter 2026 Financial Results; Reaffirms Fiscal Year 2026 Outlook
Positive Sentiment: Analyst price targets moved higher. JPMorgan raised its target to $38 while maintaining a neutral rating; BNP Paribas Exane lifted its target to $38 with an outperform rating; and Robert W. Baird raised its target to $40 with an outperform rating. JPMorgan Tractor Supply price target
Positive Sentiment: Management outlined longer-term cost and growth initiatives. Tractor Supply plans approximately $75 million in annual SG&A reductions over 2027–2028, expects 2027 capital expenditures below 4% of sales, and plans to open about 90 stores with larger garden centers. The company also used part of tariff refunds to support lower prices. Tractor Supply outlines capital expenditures and cost reductions
Neutral Sentiment: Insider buying offers a counterpoint. Reported open-market transactions over the past six months included purchases by CEO Harry Lawton and other executives, although institutional positioning was mixed, with 501 investors adding shares and 646 reducing positions in the latest quarter.
Negative Sentiment: Profitability deteriorated despite the revenue beat. Third-quarter EPS was $0.43, below the prior-year $0.49, while higher costs, distribution expenses, new-store investments and price reductions pressured margins. Management also indicated that fourth-quarter gross margin could decline year over year, raising concerns about earnings quality and limiting the bullish impact of the sales growth. Tractor Supply stock slides as third-quarter results expose margin strain

Tractor Supply Company Profile

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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.