Raymond James Financial Has Lowered Expectations for Tractor Supply (NASDAQ:TSCO) Stock Price

24 Apr 2026, 18:34 by Danessa Lincoln · The Markets Daily

Tractor Supply (NASDAQ:TSCO – Get Free Report) had its target price dropped by Raymond James Financial from $60.00 to $48.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Raymond James Financial’s target price would suggest a potential upside of 30.27% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Morgan Stanley reduced their target price on Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday. Guggenheim reaffirmed a “buy” rating and set a $60.00 target price (down from $65.00) on shares of Tractor Supply in a report on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and set a $51.00 target price on shares of Tractor Supply in a report on Tuesday. Argus reduced their target price on Tractor Supply from $67.00 to $64.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. reduced 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, January 30th. Fifteen analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply has an average rating of “Moderate Buy” and a consensus target price of $49.08.

Read Our Latest Report on TSCO

Tractor Supply Stock Performance

NASDAQ:TSCO traded down $1.32 during trading hours on Wednesday, reaching $36.85. 7,232,407 shares of the stock were exchanged, compared to its average volume of 7,320,823. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The firm has a 50 day simple moving average of $47.59 and a 200-day simple moving average of $51.34. Tractor Supply has a 52 week low of $36.86 and a 52 week high of $63.99. The stock has a market capitalization of $19.38 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.09 and a beta of 0.75.

Tractor Supply (NASDAQ:TSCO – Get Free Report) last released its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The firm 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 EPS. The company’s quarterly 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. As a group, sell-side analysts forecast that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Tractor Supply

In other news, EVP Robert D. Mills sold 62,950 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the sale, the executive vice president directly owned 122,834 shares in the company, valued at approximately $6,647,776.08. This represents a 33.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan S. Estep sold 59,745 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $54.03, for a total value of $3,228,022.35. Following the sale, the executive vice president owned 80,931 shares in the company, valued at $4,372,701.93. The trade was a 42.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 222,348 shares of company stock worth $11,959,621. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of Tractor Supply

A number of institutional investors and hedge funds have recently made changes to their positions in TSCO. Garner Asset Management Corp acquired a new stake in shares of Tractor Supply during the 4th quarter worth approximately $25,000. Reflection Asset Management acquired a new stake in Tractor Supply in the 4th quarter valued at approximately $26,000. Aventura Private Wealth LLC acquired a new stake in Tractor Supply in the 4th quarter valued at approximately $27,000. Core Wealth Advisors LLC acquired a new stake in Tractor Supply in the 4th quarter valued at approximately $27,000. Finally, Bayban acquired a new stake in Tractor Supply in the 4th quarter valued at approximately $28,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Key Tractor Supply News

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

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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.