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

Tractor Supply (NASDAQ:TSCO) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.130-2.23 for the period, compared to the consensus estimate of 2.310. The company issued revenue guidance of $16.1 billion-$16.5 billion, compared to the consensus revenue estimate of $16.6 billion.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Tractor Supply from $62.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday. Wolfe Research reiterated an “outperform” rating and issued a $57.00 price target on shares of Tractor Supply in a research report on Friday. Jefferies Financial Group cut their price objective on Tractor Supply from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Friday. Wells Fargo & Company reaffirmed an “overweight” rating and set a $65.00 price objective on shares of Tractor Supply in a research note on Thursday, October 23rd. Finally, Evercore ISI reissued an “outperform” rating and issued a $60.00 target price on shares of Tractor Supply in a research report on Friday. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Tractor Supply currently has an average rating of “Moderate Buy” and an average target price of $59.59.

Tractor Supply Stock Performance

TSCO stock opened at $50.88 on Friday. The firm has a 50 day simple moving average of $52.30 and a 200 day simple moving average of $55.68. Tractor Supply has a 52 week low of $46.85 and a 52 week high of $63.99. The stock has a market cap of $26.88 billion, a P/E ratio of 24.58, a P/E/G ratio of 2.39 and a beta of 0.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.14 and a current ratio of 1.34.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The company had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter in the previous year, the company earned $0.44 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Research analysts anticipate that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, November 24th. Tractor Supply’s dividend payout ratio is presently 44.44%.

Key Stories Impacting Tractor Supply

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

• Positive Sentiment: Company signals ongoing capital returns and store expansion: Tractor Supply highlighted continued dividend growth (15 consecutive years of increases), raised buyback plans (guidance ~ $400M for 2026) and added stores (32 in the quarter, +100 Y/Y), supporting long‑term cash return and growth thesis. MarketBeat: Tractor Supply Company Can Plow New Highs in 2026
• Positive Sentiment: Some analysts reaffirm buys or keep above‑market targets, arguing weakness is transitory: DA Davidson reiterated a Buy with a $60 PT and Citi reaffirmed Buy at $61, citing normalization of sales and margin recovery potential. Street Insider: DA Davidson reiterates Buy
• Neutral Sentiment: Corporate and community actions: Tractor Supply Foundation donated $250,000 to Middle Tennessee winter storm recovery — modest reputational/PR positive but unlikely to move the stock materially. BusinessWire: Foundation donation
• Neutral Sentiment: Earnings call/transcript available: Management described headwinds (discretionary pullback, tariffs, delivery costs) and plans to drive traffic via store modernizations — useful for modeling but not an immediate catalyst. InsiderMonkey: Q4 earnings call transcript
• Negative Sentiment: Q4 results missed on EPS and revenue: TSCO reported $0.43 EPS vs. $0.46 expected and $3.90B revenue vs. $4.03B expected; comps rose only 0.3% and margin pressure was cited (tariffs, freight). This is the primary near‑term driver of today’s weakness. MarketBeat: Q4 results and press release
• Negative Sentiment: FY‑2026 guidance came in below consensus: management guided EPS $2.13–$2.23 (consensus ~ $2.31) and revenue around $16.1–$16.5B (vs. ~$16.6B consensus), prompting analyst reassessments. BusinessWire: Q4 results & FY2026 outlook
• Negative Sentiment: Multiple analyst price‑target cuts and some rating trims: JPMorgan cut its PT to $59 and set Neutral, Morgan Stanley trimmed to $57 (Equal Weight), TD Cowen cut to $53 (Hold), and other shops lowered PTs — adding selling pressure and dampening near‑term sentiment. TickerReport / Benzinga coverage of analyst action
• Negative Sentiment: Industry headwinds cited: management and coverage note discretionary spending pullback and tariff/delivery cost pressure that compressed margins — a risk to near‑term profitability until sales mix or margins improve. Benzinga: Discretionary spending & tariffs

Institutional Trading of Tractor Supply

A number of institutional investors have recently added to or reduced their stakes in TSCO. Select Equity Group L.P. increased its stake in shares of Tractor Supply by 41.9% during the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock worth $670,887,000 after purchasing an additional 3,753,414 shares during the last quarter. Marshall Wace LLP increased its position in Tractor Supply by 19.3% during the third quarter. Marshall Wace LLP now owns 3,710,290 shares of the specialty retailer’s stock worth $211,004,000 after buying an additional 598,979 shares during the last quarter. Amundi increased its position in Tractor Supply by 7.8% during the third quarter. Amundi now owns 3,583,485 shares of the specialty retailer’s stock worth $195,981,000 after buying an additional 258,697 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Tractor Supply by 98.0% during the second quarter. Corient Private Wealth LLC now owns 1,675,456 shares of the specialty retailer’s stock valued at $88,415,000 after buying an additional 829,266 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Tractor Supply by 15.3% in the third quarter. California Public Employees Retirement System now owns 1,078,638 shares of the specialty retailer’s stock worth $61,342,000 after buying an additional 143,502 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.