BNP Paribas Exane Lowers Tractor Supply (NASDAQ:TSCO) Price Target to $45.00

24 Apr 2026, 19:56 by Mitch Edgeman · The Markets Daily

Tractor Supply (NASDAQ:TSCO – Get Free Report) had its price target dropped by equities research analysts at BNP Paribas Exane from $58.00 to $45.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. BNP Paribas Exane’s price target indicates a potential upside of 22.30% from the company’s current price.

Several other research firms have also weighed in on TSCO. The Goldman Sachs Group set a $59.00 price objective on Tractor Supply and gave the stock a “buy” rating in a research report on Friday, January 30th. Stephens lowered their price objective on Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating for the company in a research report on Wednesday. Wolfe Research reissued an “outperform” rating and issued a $57.00 price objective on shares of Tractor Supply in a research report on Friday, January 30th. Morgan Stanley lowered their price objective on Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Telsey Advisory Group lowered their price objective on Tractor Supply from $63.00 to $52.00 and set an “outperform” rating for the company in a research report on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.08.

Read Our Latest Research Report on Tractor Supply

Tractor Supply Trading Down 3.6%

NASDAQ:TSCO traded down $1.38 during trading hours on Wednesday, hitting $36.80. 7,600,193 shares of the company were exchanged, compared to its average volume of 7,326,902. The stock has a market capitalization of $19.35 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 2.09 and a beta of 0.75. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86. Tractor Supply has a one year low of $36.83 and a one year high of $63.99. The company has a fifty day simple moving average of $47.59 and a 200 day simple moving average of $51.34.

Tractor Supply (NASDAQ:TSCO – Get Free Report) last announced its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the business earned $0.34 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Sell-side analysts expect that Tractor Supply will post 2.17 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Kurt D. Barton sold 1,884 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $53.81, for a total value of $101,378.04. Following the completion of the sale, the chief financial officer directly owned 52,562 shares of the company’s stock, valued at $2,828,361.22. The trade was a 3.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Colin Yankee sold 11,170 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $55.35, for a total value of $618,259.50. Following the completion of the sale, the executive vice president directly owned 45,515 shares of the company’s stock, valued at $2,519,255.25. The trade was a 19.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 222,348 shares of company stock worth $11,959,621 over the last three months. Insiders own 0.64% of the company’s stock.

Institutional Trading of Tractor Supply

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in Tractor Supply by 1.6% during the 3rd quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock worth $1,474,736,000 after purchasing an additional 420,731 shares in the last quarter. First National Bank of Omaha bought a new stake in Tractor Supply during the 3rd quarter worth approximately $5,069,000. NEOS Investment Management LLC increased its holdings in Tractor Supply by 49.9% during the 3rd quarter. NEOS Investment Management LLC now owns 63,881 shares of the specialty retailer’s stock worth $3,633,000 after purchasing an additional 21,256 shares in the last quarter. HighTower Advisors LLC increased its holdings in Tractor Supply by 9.2% during the 3rd quarter. HighTower Advisors LLC now owns 289,610 shares of the specialty retailer’s stock worth $16,470,000 after purchasing an additional 24,312 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. increased its holdings in Tractor Supply by 7.5% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,000,530 shares of the specialty retailer’s stock worth $56,900,000 after purchasing an additional 69,498 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Tractor Supply News Roundup

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

Positive Sentiment: Reaffirmed guidance, store growth and digital momentum: Q1 results showed net sales up 3.6% driven by 40 new stores and double‑digit digital growth; management kept FY 2026 guidance intact, which limits near‑term downside risk. Earnings Highlights
Positive Sentiment: Income/contrarian angle: the stock’s drop has pushed yield higher and some retail commentary calls the name “oversold,” supporting a potential value/dividend trade for income investors. Fool: Dividend Opportunity
Positive Sentiment: Some brokers still maintain bullish stances (Citigroup retained a buy rating despite cutting its target; DA Davidson has also kept a buy-oriented view even after lowering its target), indicating pockets of analyst support for upside—though targets were trimmed. (Benzinga coverage)
Neutral Sentiment: Valuation comparison: analyses comparing Tractor Supply to peers like Petco (WOOF) suggest mixed signals on which is the better value right now—useful background but not a direct catalyst. Zacks: WOOF vs TSCO
Negative Sentiment: Q1 miss and flat comps sparked the selloff: EPS and revenue both missed Street expectations and same‑store sales were essentially flat, the primary immediate driver of the decline. Why TSCO Is Down
Negative Sentiment: Multiple analyst downgrades/target cuts: several large brokers trimmed price targets or lowered expectations (UBS, Mizuho, Morgan Stanley, Wells Fargo, Telsey, Piper Sandler, DA Davidson among others), increasing selling pressure and reducing near‑term upside consensus. Examples: UBS Pessimistic Mizuho Lowers Expectations Morgan Stanley Forecast
Negative Sentiment: Technical/market reaction: the post‑earnings move set a new 52‑week low and triggered further momentum selling, amplifying the price decline. New 1-Year Low

About Tractor Supply

(Get Free Report)

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.