DA Davidson Reiterates Buy Rating on Tractor Supply Company
DA Davidson reaffirms its Buy rating on Tractor Supply Company with a $40 price target, a 33.31% upside from the current price.
Key Points
- DA Davidson reiterated its Buy rating on Tractor Supply Company, with a price target of $40, as of June 22, 2026.
- DA Davidson's $40 price target implies 33.31% upside from Tractor Supply Company's ($TSCO) current $30 share price.
- Tractor Supply Company, trading near $30.24 on Monday, has a market cap of $15.86 billion and a P/E ratio of 14.9.
- Insiders have been buying shares, and other analysts such as Piper Sandler and Guggenheim have maintained their ratings.
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Shares of NasdaqGS:TSCO traded near $30.24 on Monday as DA Davidson reiterated its Buy rating on Tractor Supply Company. Analyst Michael Baker set a price target of $40 on June 22, 2026.
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Other Institutional Activity in Tractor Supply Company
BlackRock, Inc. reduced its holdings by 816,318 shares, ending with 45,340,524 shares valued at about $2.05 billion. Vanguard Capital Management LLC opened a new position with 34,286,407 shares worth approximately $1.55 billion. Vanguard Portfolio Management LLC also opened a new position, acquiring 27,886,276 shares valued at around $1.26 billion. State Street Corp trimmed its stake by 216,708 shares, leaving it with 22,835,068 shares worth $1.03 billion. Price T Rowe Associates Inc /MD/ significantly increased its position by 16,748,667 shares, now holding 21,795,644 shares valued at roughly $987.34 million.
Tractor Supply Company Stock Down 13.6%
Tractor Supply Company, listed on NasdaqGS under the ticker TSCO, has a market cap of $15.86 billion. The stock's P/E ratio is 14.9, with a forward P/E of 13.1, and a beta of 0.459. Over the past 52 weeks, the stock has traded between $28.36 and $63.99. Its 50-day moving average is $34.12, while the 200-day moving average is $48.31. The company maintains a current ratio of 1.38, a quick ratio of 0.08, and a debt-to-equity ratio of 254.95.
$TSCO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Tractor Supply Company reported revenue of $15.65 billion, with a revenue growth rate of 3.6%. The company's earnings per share (EPS) stand at $2.03, with a net margin of 6.9% and a return on equity (ROE) of 45.5%. The next earnings report is expected on July 23, 2026.
Dividend
The company offers an annual dividend rate of $0.96, yielding 3.17%. The dividend payout ratio is 45.81%.
Insider Buying and Selling at Tractor Supply Company
On May 14, 2026, several insiders, including Ricardo Cardenas, Andre Hawaux, Sonia Syngal, Margaret Ham, Ramkumar Krishnan, and Edna Morris, each purchased 5,712 shares. Edna Morris acquired an additional 9,174 shares. These transactions were not under a Rule 10b5-1 plan.
Analysts Set New Price Targets
On June 22, 2026, DA Davidson maintained its Buy rating with a $40 target. Piper Sandler and Truist Securities both maintained Hold ratings with $32 targets on June 16, 2026. Guggenheim reaffirmed a Buy rating with a $50 target on June 5, 2026. Overall, the consensus recommendation is a Buy, with a mean price target of $45.22 based on 27 analyst opinions.
About Tractor Supply Company
Tractor Supply Company is a leading rural lifestyle retailer in the United States, operating under the names Tractor Supply Company, Petsense by Tractor Supply, and Orscheln Farm and Home. Headquartered in Brentwood, Tennessee, and led by CEO Harry A. Lawton III, the company employs approximately 52,000 people. It offers a wide range of products including livestock feed, pet supplies, seasonal outdoor items, and more, catering to farmers, ranchers, and rural communities.
Bottom Line
Tractor Supply Company continues to attract attention from analysts and investors alike. DA Davidson's reiteration of a Buy rating highlights confidence in the company's prospects. As a major player in the rural lifestyle retail market, Tractor Supply Company is a stock to watch, especially with its next earnings report on the horizon.
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