Tractor Supply Stock (NASDAQ:TSCO), Trade Ideas

Tractor Supply

Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. Currently, the company operates 2,216 of its namesake banners in 49 states, including 81 Orscheln Farm and Home stores (rebranded as Tractor Supply), along with 198 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities, as opposed to urban and suburban areas. In fiscal 2022, revenue consisted primarily of livestock and pet (50%), hardware, tools, and truck (19%), and seasonal gift and toy (21%).

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TSCO

Tractor Supply Company (NASDAQ: TSCO) is likely to register an increase in the top and bottom lines when it reports first-quarter 2024 results on Apr 25, before market open. The Zacks Consensus Estimate for revenues is pegged at $3.40 billion, indicating a 3% jump from the year-ago reported figure.


Here&#39;s How Tractor Supply Is Placed Before Q1 Earnings

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Downgrades

Raymond James analyst Bobby Griffin downgrades Tractor Supply to Outperform, citing near-term earnings challenges post Q4 results. Despite a slight miss in sales and a beat in adjusted EPS, the analyst notes pressures on TSCO&#39;s EBIT margin in 2024. Griffin anticipates a recovery in 2025.

This Analyst Downgrades Tractor Supply Despite EPS Beat, Cites Short-Term Hurdles

Tractor Supply Co

Wedbush analyst Seth Basham reiterates Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Neutral and maintains $235 price target.

Reiteration

Analyst Ratings

Wedbush Reiterates Neutral on Tractor Supply, Maintains $235 Price Target

Tractor Supply Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsco#NASDAQ">TSCO</a>) is likely to register an increase in the top and bottom lines when it reports first-quarter 2024 results on Apr 25, before market open. The Zacks Consensus Estimate for revenues is pegged at $3.40 billion, indicating a 3% jump from the year-ago reported figure. 
The bottom line of the largest rural lifestyle retailer in the United States is expected to have risen year over year. The Zacks Consensus Estimate for earnings per share for the first quarter has remained stable at $1.70 in the past 30 days, suggesting 3% growth from the year-ago period&#39;s reported figure. 
Tractor Supply has a trailing four-quarter earnings surprise of 0.5%, on average. In the last reported quarter, this Brentwood, TN-based company&#39;s earnings missed the Zacks Consensus Estimate by 2.6%.
<h3>Key Factors to Note</h3>
Tractor Supply has been experiencing momentum, driven by sturdy demand and strong market share gains. The company has been gaining from demand for its core merchandise, including consumable, usable and edible products. Its buyout of Orscheln Farm and Home, and store openings have been aiding its performance. The company has been benefiting from its Life Out Here Strategy and the Neighbor&#39;s Club membership program, which is likely to have driven its sales in the to-be-reported quarter. The strategy is essentially based on five key pillars: customers, digitization, execution, team members and total shareholder return. 
Tractor Supply has been focusing on its growth initiatives, which include the expansion of its store base and the incorporation of technological advancements to induce traffic and drive the top line. The company&#39;s Project Fusion and Side Lot model transformations have been significant investments toward stores. These store investments target achieving higher market share and boosting productivity across the existing and new stores. 
TSCO&#39;s &lsquo;ONETractor&#39; strategy, which is aimed at connecting stores and online shopping, appears encouraging too. Its omnichannel investments include curbside pickup, same-day and next-day delivery, a re-launched website and a new mobile app. The company&#39;s rebranding of Petsense by Tractor Supply and the expansion of its Neighbor&#39;s Club program to Petsense stores received positive customer feedback. This move is likely to have enabled it to gain pet customers for both banners. 
However, Tractor Supply has been grappling with higher depreciation and amortization costs, impacts of higher medical claims and inflationary pressures. Consequently, the company has been witnessing higher selling, general and administrative (SG&amp;A) expenses. Our model indicates a 3.6% rise in SG&amp;A expenses and a 50-bps increase in SG&amp;A expense rate on a year-over-year basis for the first quarter. Nonetheless, all the aforesaid strengths are likely to have boosted the company&#39;s performance in the first quarter.
<h3>What the Zacks Model Unveils</h3>
Our proven model conclusively predicts an earnings beat for Tractor Supply this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they&#39;re reported with our Earnings ESP Filter.
<div class="chart_embed">
<h3>Tractor Supply Company Price and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/TSCO/price-eps-surprise?icid=chart-TSCO-price-eps-surprise"><img alt="Tractor Supply Company Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/a0/1713791837.png" style="height:263px; width:544px" title="" /> </a>
Tractor Supply Company price-eps-surprise | Tractor Supply Company Quote
</div>
Tractor Supply has an Earnings ESP of +0.50% and a Zacks Rank of 2 at present.
<h3>Other Stocks Poised to Beat Earnings Estimates</h3>
Here are a few more companies that have the right combination of elements to post an earnings beat: 
Central Garden &amp; Pet (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cent#NASDAQ">CENT</a>) currently has an Earnings ESP of +4.32% and a Zacks Rank of 1. CENT is likely to register bottom-line growth when it reports second-quarter fiscal 2024 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $894.5 million, suggesting a 1.6% drop from the figure reported in the year-ago quarter. 
The consensus estimate for CENT&#39;s fiscal second-quarter earnings is pegged at 83 cents a share, up 15.3% from the year-ago quarter. The consensus mark has risen a couple of cents in the past 30 days. 
Chipotle Mexican Grill (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmg#NYSE">CMG</a>) currently has an Earnings ESP of +1.86% and a Zacks Rank of 3. The company is expected to register top and bottom-line growth when it reports first-quarter 2024 numbers. The Zacks Consensus Estimate for CMG&#39;s quarterly revenues is pegged at $2.67 billion, which implies growth of 12.8% from the year-ago quarter&#39;s reported figure. 
The consensus estimate for Chipotle&#39;s earnings has increased 0.4% to $11.56 per share in the past seven days. The consensus estimate for earnings suggests growth of 10.1% from the year-ago quarter&#39;s reported figure. CMG has delivered an earnings beat of 9.1%, on average, in the trailing four quarters. 
Beacon Roofing Supply (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/becn#NASDAQ">BECN</a>) has an Earnings ESP of +0.82% and a Zacks Rank of 3 at present. BECN is likely to register top-line growth when it reports first-quarter 2024 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $1.88 billion, suggesting 8.5% growth from the figure reported in the year-ago quarter. 
The consensus estimate for Beacon Roofing&#39;s first-quarter earnings is pegged at 35 cents per share, suggesting a 47.8% decline from the figure reported in the year-ago quarter. The consensus estimate for earnings has remained unchanged in the past 30 days. BECN has delivered an earnings beat of 10.3%, on average, in the trailing four quarters.
<a href="https://www.zacks.com/stock/news/2259361/here-s-how-tractor-supply-tsco-is-placed-before-q1-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2259361">To read this article on Zacks.com click here.</a>

Here's How Tractor Supply Is Placed Before Q1 Earnings

Benchmark analyst John Lawrence reiterates Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Buy and maintains $256 price target.

Benchmark Reiterates Buy on Tractor Supply, Maintains $256 Price Target

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
<ul>
<li>Wells Fargo cut the price target for Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) from $11 to $6. Wells Fargo analyst Praneeth Satish downgraded the stock from Overweight to Equal-Weight. Sunnova Energy shares fell 3.6% to close at $3.78 on Wednesday. See how other analysts view this stock.</li>
<li>UBS boosted the price target for D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) from $192 to $200. UBS analyst John Lovallo maintained a Buy rating. D.R. Horton shares rose 0.1% to close at $145.88 on Thursday. See how other analysts view this stock.</li>
<li>UBS increased Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) price target from $113 to $141. UBS analyst David Vogt maintained a Buy rating. Dell shares fell 1% to close at $118.37 on Thursday. See how other analysts view this stock.</li>
<li>Pivotal Research boosted the price target for Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) from $765 to $800. Pivotal Research analyst Jeffrey Wlodarczak maintained a Buy rating. Netflix shares fell 0.5% to close at $610.56 on Thursday. See how other analysts view this stock.</li>
<li>Baird increased Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) price target from $95 to $98. Baird analyst David Koning maintained an Outperform rating. Block shares fell 2% to close at $72.06 on Thursday. See how other analysts view this stock.</li>
<li>JMP Securities boosted Red Rock Resorts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRR#NASDAQ">RRR</a>) price target from $61 to $66. JMP Securities analyst Jordan Bender maintained a Market Outperform rating. Red Rock Resorts shares fell 1.4% to close at $57.86 on Thursday. See how other analysts view this stock.</li>
<li>Morgan Stanley raised the price target for Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) from $74 to $85. Morgan Stanley analyst Keith Weiss upgraded the stock from Equal-Weight to Overweight. Shopify shares rose 0.1% to close at $69.51 on Thursday. See how other analysts view this stock.</li>
<li>Telsey Advisory Group raised Tractor Supply Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) price target from $250 to $275. Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating. Tractor Supply shares slipped 0.02% to close at $247.35 on Thursday. See how other analysts view this stock.</li>
<li>B of A Securities boosted Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) price target from $50 to $56. B of A Securities analyst Andrew Didora maintained a Buy rating. Alaska Air shares rose 4% to close at $44.44 on Thursday. See how other analysts view this stock.</li>
<li>Jefferies slashed Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) price target from $585 to $438. Jefferies analyst Ashley Helgans downgraded the stock from Buy to Hold. Ulta Beauty shares rose 0.1% to close at $425.11 on Thursday. See how other analysts view this stock.</li>
</ul>

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Telsey Advisory Group analyst Joseph Feldman maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Outperform and raises the price target from $250 to $275.

Telsey Advisory Group Maintains Outperform on Tractor Supply, Raises Price Target to $275

Barclays analyst Seth Sigman maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Equal-Weight and raises the price target from $192 to $234.

Barclays Maintains Equal-Weight on Tractor Supply, Raises Price Target to $234

During the last three months, 17 analysts shared their evaluations of Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>), revealing diverse outlooks from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $255.94, a high estimate of $285.00, and a low estimate of $235.00. This upward trend is apparent, with the current average reflecting a 7.9% increase from the previous average price target of $237.21.
<img src="https://www.benzinga.com/files/images/story/2024/1713290505_0_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Tractor Supply among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Oliver Wintermantel</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$275.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$256.00</td>
<td>-</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$277.00</td>
<td>$256.00</td>
</tr>
<tr>
<td>Oliver Wintermantel</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$280.00</td>
<td>$270.00</td>
</tr>
<tr>
<td>Zachary Fadem</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$285.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>David Bellinger</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Neutral</td>
<td>$245.00</td>
<td>-</td>
</tr>
<tr>
<td>Matthew McClintock</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$250.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Seth Basham</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$235.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Oliver Wintermantel</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$250.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Steven Forbes</td>
<td>Guggenheim</td>
<td>Raises</td>
<td>Buy</td>
<td>$255.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$256.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Michael Lasser</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$240.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Kate McShane</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$262.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$250.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$245.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Daniel Imbro</td>
<td>Stephens &amp; Co.</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$240.00</td>
<td>-</td>
</tr>
<tr>
<td>Zachary Fadem</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$250.00</td>
<td>$230.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Tractor Supply. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Tractor Supply compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Tractor Supply's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Tractor Supply's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/TSCO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Tractor Supply analyst ratings.</a>
<h2>All You Need to Know About Tractor Supply</h2>
Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. Currently, the company operates 2,216 of its namesake banners in 49 states, including 81 Orscheln Farm and Home stores (rebranded as Tractor Supply), along with 198 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities, as opposed to urban and suburban areas. In fiscal 2022, revenue consisted primarily of livestock and pet (50%), hardware, tools, and truck (19%), and seasonal gift and toy (21%).
<h3>Tractor Supply's Financial Performance</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Tractor Supply's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -8.65%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 6.77%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Tractor Supply's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 11.64%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Tractor Supply's ROA excels beyond industry benchmarks, reaching 2.7%. This signifies efficient management of assets and strong financial health.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 2.34, caution is advised due to increased financial risk.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 17 Analyst Recommendations For Tractor Supply

Evercore ISI Group analyst Oliver Wintermantel maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Outperform and lowers the price target from $280 to $275.

Evercore ISI Group Maintains Outperform on Tractor Supply, Lowers Price Target to $275

Truist Securities analyst Scot Ciccarelli maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Buy and raises the price target from $256 to $277.

Truist Securities Maintains Buy on Tractor Supply, Raises Price Target to $277

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/05/24</td>
<td>$170.00</td>
<td>$88.9K</td>
<td>30.2K</td>
<td>79.5K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/05/24</td>
<td>$180.00</td>
<td>$33.4K</td>
<td>6.5K</td>
<td>13.4K</td>
</tr>
<tr>
<td>DNUT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$17.50</td>
<td>$26.1K</td>
<td>10.0K</td>
<td>3.0K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$73.00</td>
<td>$206.7K</td>
<td>1.2K</td>
<td>1.4K</td>
</tr>
<tr>
<td>TCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$45.00</td>
<td>$28.8K</td>
<td>3.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>ETSY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$60.00</td>
<td>$306.0K</td>
<td>797</td>
<td>1.0K</td>
</tr>
<tr>
<td>DASH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$155.00</td>
<td>$29.2K</td>
<td>4.5K</td>
<td>754</td>
</tr>
<tr>
<td>TSCO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/05/24</td>
<td>$255.00</td>
<td>$25.8K</td>
<td>29</td>
<td>337</td>
</tr>
<tr>
<td>VSCO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$35.00</td>
<td>$47.4K</td>
<td>271</td>
<td>200</td>
</tr>
<tr>
<td>AAP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$80.00</td>
<td>$128.1K</td>
<td>1.0K</td>
<td>73</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option sweep with bearish sentiment. It expires in 4 day(s) on April 5, 2024. Parties traded 200 contract(s) at a $170.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $88.9K, with a price of $445.0 per contract. There were 30268 open contracts at this strike prior to today, and today 79530 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option trade that happens to be bullish, expiring in 4 day(s) on April 5, 2024. This event was a transfer of 199 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $33.4K, with a price of $168.0 per contract. There were 6531 open contracts at this strike prior to today, and today 13476 contract(s) were bought and sold. 
• Regarding DNUT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>), we observe a call option sweep with bearish sentiment. It expires in 18 day(s) on April 19, 2024. Parties traded 1305 contract(s) at a $17.50 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $19.0 per contract. There were 10061 open contracts at this strike prior to today, and today 3062 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option sweep that happens to be bullish, expiring in 18 day(s) on April 19, 2024. This event was a transfer of 994 contract(s) at a $73.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $206.7K, with a price of $208.0 per contract. There were 1263 open contracts at this strike prior to today, and today 1443 contract(s) were bought and sold. 
• For TCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>), we notice a call option trade that happens to be bearish, expiring in 18 day(s) on April 19, 2024. This event was a transfer of 100 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $28.8K, with a price of $288.0 per contract. There were 3331 open contracts at this strike prior to today, and today 1065 contract(s) were bought and sold. 
• For ETSY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), we notice a call option trade that happens to be bullish, expiring in 109 day(s) on July 19, 2024. This event was a transfer of 300 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $306.0K, with a price of $1020.0 per contract. There were 797 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• For DASH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), we notice a call option sweep that happens to be bearish, expiring in 46 day(s) on May 17, 2024. This event was a transfer of 80 contract(s) at a $155.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $365.0 per contract. There were 4589 open contracts at this strike prior to today, and today 754 contract(s) were bought and sold. 
• Regarding TSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>), we observe a put option sweep with bearish sentiment. It expires in 4 day(s) on April 5, 2024. Parties traded 258 contract(s) at a $255.00 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $100.0 per contract. There were 29 open contracts at this strike prior to today, and today 337 contract(s) were bought and sold. 
• For VSCO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>), we notice a call option trade that happens to be bearish, expiring in 627 day(s) on December 19, 2025. This event was a transfer of 200 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $47.4K, with a price of $237.0 per contract. There were 271 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• Regarding AAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>), we observe a call option sweep with bullish sentiment. It expires in 291 day(s) on January 17, 2025. Parties traded 73 contract(s) at a $80.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $128.1K, with a price of $1755.0 per contract. There were 1086 open contracts at this strike prior to today, and today 73 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

BABA

DASH

DNUT

ETSY

TCOM

TSLA

VSCO

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) has outperformed the market over the past 5 years by 8.69% on an annualized basis producing an average annual return of 21.45%. Currently, Tractor Supply has a market capitalization of $27.92 billion. 
Buying $100 In TSCO: If an investor had bought $100 of TSCO stock 5 years ago, it would be worth $263.52 today based on a price of $258.68 for TSCO at the time of writing.
<h3>Tractor Supply's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711470616_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Tractor Supply Stock In The Last 5 Years

Evercore ISI Group analyst Oliver Wintermantel maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Outperform and raises the price target from $270 to $280.

Evercore ISI Group Maintains Outperform on Tractor Supply, Raises Price Target to $280

Wells Fargo analyst Zachary Fadem maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Overweight and raises the price target from $250 to $285.

Wells Fargo Maintains Overweight on Tractor Supply, Raises Price Target to $285

Throughout the last three months, 14 analysts have evaluated Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>), offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $243.07, a high estimate of $262.00, and a low estimate of $195.00. Witnessing a positive shift, the current average has risen by 8.03% from the previous average price target of $225.00.
<img src="https://www.benzinga.com/files/images/story/2024/1710867689_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The perception of Tractor Supply by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Bellinger</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Neutral</td>
<td>$245.00</td>
<td>-</td>
</tr>
<tr>
<td>Matthew McClintock</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$250.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Seth Basham</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$235.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Oliver Wintermantel</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$250.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Steven Forbes</td>
<td>Guggenheim</td>
<td>Raises</td>
<td>Buy</td>
<td>$255.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$256.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Michael Lasser</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$240.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Kate McShane</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$262.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$250.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$245.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Daniel Imbro</td>
<td>Stephens &amp; Co.</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$240.00</td>
<td>-</td>
</tr>
<tr>
<td>Zachary Fadem</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$250.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Simeon Gutman</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Underweight</td>
<td>$195.00</td>
<td>-</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$230.00</td>
<td>$210.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Tractor Supply. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Tractor Supply compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Tractor Supply's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Tractor Supply's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/TSCO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Tractor Supply analyst ratings.</a>
<h2>Unveiling the Story Behind Tractor Supply</h2>
Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. Currently, the company operates 2,216 of its namesake banners in 49 states, including 81 Orscheln Farm and Home stores (rebranded as Tractor Supply), along with 198 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities, as opposed to urban and suburban areas. In fiscal 2022, revenue consisted primarily of livestock and pet (50%), hardware, tools, and truck (19%), and seasonal gift and toy (21%).
<h3>Unraveling the Financial Story of Tractor Supply</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Decline in Revenue: Over the 3 months period, Tractor Supply faced challenges, resulting in a decline of approximately -8.65% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: Tractor Supply's net margin is impressive, surpassing industry averages. With a net margin of 6.77%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Tractor Supply's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 11.64% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Tractor Supply's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.7%, the company showcases efficient use of assets and strong financial health.
Debt Management: Tractor Supply's debt-to-equity ratio stands notably higher than the industry average, reaching 2.34. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Tractor Supply Analyst Ratings

Mizuho analyst David Bellinger initiates coverage on Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Neutral rating and announces Price Target of $245.

Initiation

Mizuho Initiates Coverage On Tractor Supply with Neutral Rating, Announces Price Target of $245

As the day concludes, Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) is preparing to distribute a dividend payout of $1.10 per share, resulting in an annualized dividend yield of 1.91%. This payout is exclusive to investors who held the stock before the ex-dividend date on February 23, 2024.
<h3>Tractor Supply Recent Dividend Payouts</h3>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
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 th, td {
 padding: 8px;
 text-align: left;
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 th {
 background-color: #293a5a;
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 background-color: #f2f4f8;
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 font-weight: bold;
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 }

 .dividend-frequency {
 font-size: 12px;
 color: #6c757d;
 }
 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-23</td>
<td style="text-align: right;">4</td>
<td>$1.1</td>
<td>1.91%</td>
<td>2024-02-06</td>
<td>2024-02-26</td>
<td>2024-03-12</td>
</tr>
<tr>
<td>2023-11-24</td>
<td style="text-align: right;">4</td>
<td>$1.03</td>
<td>2.07%</td>
<td>2023-11-09</td>
<td>2023-11-27</td>
<td>2023-12-12</td>
</tr>
<tr>
<td>2023-08-25</td>
<td style="text-align: right;">4</td>
<td>$1.03</td>
<td>1.84%</td>
<td>2023-08-10</td>
<td>2023-08-28</td>
<td>2023-09-12</td>
</tr>
<tr>
<td>2023-05-26</td>
<td style="text-align: right;">4</td>
<td>$1.03</td>
<td>1.69%</td>
<td>2023-05-11</td>
<td>2023-05-30</td>
<td>2023-06-13</td>
</tr>
<tr>
<td>2023-02-24</td>
<td style="text-align: right;">4</td>
<td>$1.03</td>
<td>1.77%</td>
<td>2023-02-08</td>
<td>2023-02-27</td>
<td>2023-03-14</td>
</tr>
<tr>
<td>2022-11-18</td>
<td style="text-align: right;">4</td>
<td>$0.92</td>
<td>1.74%</td>
<td>2022-11-03</td>
<td>2022-11-21</td>
<td>2022-12-06</td>
</tr>
<tr>
<td>2022-08-19</td>
<td style="text-align: right;">4</td>
<td>$0.92</td>
<td>1.93%</td>
<td>2022-08-04</td>
<td>2022-08-22</td>
<td>2022-09-07</td>
</tr>
<tr>
<td>2022-05-24</td>
<td style="text-align: right;">4</td>
<td>$0.92</td>
<td>1.86%</td>
<td>2022-05-11</td>
<td>2022-05-25</td>
<td>2022-06-08</td>
</tr>
<tr>
<td>2022-02-17</td>
<td style="text-align: right;">4</td>
<td>$0.92</td>
<td>1.78%</td>
<td>2022-01-27</td>
<td>2022-02-21</td>
<td>2022-03-08</td>
</tr>
<tr>
<td>2021-11-19</td>
<td style="text-align: right;">4</td>
<td>$0.52</td>
<td>0.96%</td>
<td>2021-11-04</td>
<td>2021-11-22</td>
<td>2021-12-08</td>
</tr>
<tr>
<td>2021-08-20</td>
<td style="text-align: right;">4</td>
<td>$0.52</td>
<td>1.12%</td>
<td>2021-08-05</td>
<td>2021-08-23</td>
<td>2021-09-08</td>
</tr>
<tr>
<td>2021-05-21</td>
<td style="text-align: right;">4</td>
<td>$0.52</td>
<td>1.07%</td>
<td>2021-05-06</td>
<td>2021-05-24</td>
<td>2021-06-08</td>
</tr>
</tbody>
</table>
In terms of dividend yield, Tractor Supply finds itself in the middle ground among its industry peers, while Big 5 Sporting Goods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGFV#NASDAQ">BGFV</a>) takes the lead with the highest annualized dividend yield at 17.67%.
<h3>Analyzing Tractor Supply Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710255927_0.png" alt="dividend chart graph" />
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $1.50 to $4.12. This signifies the company's commitment to consistently increasing shareholder dividends.
<h3>YoY Earnings Growth For Tractor Supply</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710255927_1.png" alt="earning chart graph" />
The earnings chart illustrates an increase in Tractor Supply's earnings per share, from $6.44 in 2020 to $10.24 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
<h3>Recap</h3>
This article delves into the recent dividend payout of Tractor Supply and its implications for shareholders. Presently, the company is distributing a dividend of $1.10 per share, leading to an annualized dividend yield of 1.91%.
In terms of dividend yield, Tractor Supply finds itself in the middle ground among its industry peers, while Big 5 Sporting Goods takes the lead with the highest annualized dividend yield at 17.67%.
Considering the increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, Tractor Supply appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
[Click here](<a href="https://www.benzinga.com/stock//dividends" title="https://www.benzinga.com/stock//dividends">https://www.benzinga.com/stock//dividends</a>) to find details on Tractor Supply's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

BGFV

Achieving Growth and Investor Rewards: Tractor Supply Flourishes with Strong Performance and Rising Profits

Tractor Supply Increases Quarterly Dividend From $1.03 To $1.10

Evercore ISI Group analyst Oliver Wintermantel maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Outperform and raises the price target from $240 to $250.

Evercore ISI Group Maintains Outperform on Tractor Supply, Raises Price Target to $250

Guggenheim analyst Steven Forbes maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Buy and raises the price target from $210 to $255.

Guggenheim Maintains Buy on Tractor Supply, Raises Price Target to $255

Paramount, Etsy, Albemarle among most shorted S&P 500 stocks in March

In a report released today, Peter Keith from Piper Sandler maintained a Buy rating on Tractor Supply (TSCO – Research Report), with a price target ...

Piper Sandler Reaffirms Their Buy Rating on Tractor Supply (TSCO)

Analysts fell to the sidelines weighing in on Tractor Supply (TSCO – Research Report) and Tesla (TSLA – Research Report) with neutral ratings, indi...

Analysts Offer Insights on Consumer Cyclical Companies: Tractor Supply (TSCO) and Tesla (TSLA)

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Advance Auto Parts (AAP – Research Report), Tractor Supply...

Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Advance Auto Parts (AAP), Tractor Supply (TSCO) and Continental Aktiengesellschaft (OtherCTTAF)

ClearBridge Multi Cap Growth Strategy Q1 2024 Portfolio Manager Commentary

Robert W. Baird analyst Justin Kleber has maintained their bullish stance on TSCO stock, giving a Buy rating yesterday. Justin Kleber has given his...

Buy Rating Maintained for Tractor Supply Amid Positive Performance and Strategic Growth Initiatives

Truist Financial analyst Scot Ciccarelli maintained a Buy rating on Tractor Supply (TSCO – Research Report) today. The company's shares closed yest...

Tractor Supply (TSCO) Receives a Rating Update from a Top Analyst

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
At the beginning of 2024, <a href="https://investorplace.com/industries/consumer-discretionary/retail/">retail stocks</a> has a bright outlook. Consumer spending was holding up, the rate of inflation was easing, and there were expectations of an interest-rate cut. &nbsp;



That three-legged stool looks more unstable. The latest reading on inflation showed an uptick that is likely to follow oil prices higher, and Federal Reserve chair Jerome Powell is making it clear that investors should not count on rate cuts anytime soon.&nbsp;



Still, it&rsquo;s not altogether crazy to invest in retail stocks. As the latest retail spending numbers showed, consumer spending is holding up. With late-filing consumers in line to receive their tax refunds in coming weeks, spending will remain strong. &nbsp;



That means some retailers will be in line to report solid earnings. And many of these stocks are offering good value for investors. &nbsp;



This doesn&rsquo;t mean you have to focus on defensive stocks such as consumer staples. But you still want to focus on retail stocks with strong demand, growing earnings, and an e-commerce presence. Here are seven budget-friendly stocks to consider. &nbsp;



<h2>Bath &amp; Body Works (BBWI)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/lb-stock-l-brands-bath-and-bodyworks-300x169.jpg" alt="A Bath &amp; Bodyworks storefront"><div>Source: Shutterstock</div></div>Bath &amp; Body Works (NYSE:<a href="https://investorplace.com/stock-quotes/bbwi-stock-quote/">BBWI</a>) is a well-known specialty retailer of home fragrance, body care, and soaps and sanitizer products. 



The company has a loyal customer base which is reflected in a base of approximately <a href="https://investors.bbwinc.com/static-files/ba23a192-feea-4ca2-870d-348de746d368" target="_blank">37 million &ldquo;loyalty&rdquo; customers that accounted for about 80% of the company&rsquo;s sales</a> in 2023. &nbsp;



By almost any meaningful measure: free cash flow, operating margin, net margin, and earnings per share, Bath &amp; Body Works had a solid year in 2023. But the stock is down 5.7% in the month following its fourth quarter and full-year earnings report. 



That&rsquo;s because the company forecast slightly lower guidance for 2024. And that guidance was given when the company was expecting near-term interest rate cuts. &nbsp;



However, at 13x forward earnings, BBWI stock is undervalued compared to the <a href="https://yardeni.com/charts/consumer-discretionary-retail-composite/" target="_blank">composite retail average of around 29x</a>. 



Analysts are forecasting a <a href="https://www.tradingview.com/chart/aMepJfAr/?symbol=NYSE%3ABBWI&amp;utm_source=www.marketbeat.com&amp;utm_medium=widget&amp;utm_campaign=chart-logo&amp;utm_term=NYSE%3ABBWI" target="_blank">potential 14% upside</a> in the stock price. And if analysts are correct about the 12.7% increase in earnings, investors may also be in line for a dividend increase. &nbsp;



<h2>Target (TGT)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/tgt_1600-300x169.jpg" alt="Image of the Target (TGT) logo on a storefront."><div>Source: jejim / Shutterstock.com</div></div>Target (NYSE:<a href="https://investorplace.com/stock-quotes/tgt-stock-quote/">TGT</a>) was one of the heavily beaten-down retail stocks in 2023. 



However, with the stock off to a 16% gain through mid-April, the stock is now up about 2% in the last 12 months. And there appears to be room for the stock to move higher.&nbsp;



Not all was rosy in the company&rsquo;s fourth quarter earnings report. Year-over-year comparable store sales were down. The same was true for digital sales. But when it came to the metric that matters the most, earnings, the company reported a 58% YOY increase. &nbsp;



It&rsquo;s true that the company offered <a href="https://corporate.target.com/press/release/2024/03/target-corporation-reports-fourth-quarter-and-full-year-2023-earnings" target="_blank">cautious guidance</a>. But that&rsquo;s true for all retailers. TGT stock is attractively valued at 17.5x earnings. 



Plus those earnings, even on the low end of the company&rsquo;s guidance easily support an increase to the company&rsquo;s dividend. That would make it 54 consecutive years of increases for Target.&nbsp;



<h2>Foot Locker (FL)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/fl1600-300x169.jpg" alt=""><div>Source: Roman Tiraspolsky / Shutterstock.com</div></div>Foot Locker (NYSE:<a href="https://investorplace.com/stock-quotes/fl-stock-quote/">FL</a>) is in a continued downtrend that&rsquo;s been going on for over two years. FL stock is down 46% in the last 12 months and 29% in 2024. 



The latest reason for investors to sour on the retailer was weaker than expected guidance. &nbsp;



However, the latest dip in FL stock may be a case of price discovery. That&rsquo;s because there have been a handful of analyst upgrades since the company reported earnings in March. 



Opinions are mixed, but the stock has a <a href="https://www.tradingview.com/chart/aMepJfAr/?symbol=NYSE%3AFL&amp;utm_source=www.marketbeat.com&amp;utm_medium=widget&amp;utm_campaign=chart-logo&amp;utm_term=NYSE%3AFL" target="_blank">consensus price target</a> that points to about 15% share price growth. &nbsp;



A key reason for this change in sentiment came from Nike (NYSE:<a href="https://investorplace.com/stock-quotes/nke-stock-quote/">NKE</a>) which accounts for about 65% of Foot Locker&rsquo;s sales. Nike has been moving to a direct-to-consumer model, but in the company&rsquo;s last earnings report, it&rsquo;s now saying it&rsquo;s taking a closer look at its wholesaler strategy. &nbsp;



Foot Locker is also making a pivot to digital and cited an approximately <a href="https://investors.footlocker-inc.com/static-files/d7e633d6-0bb4-416b-89c7-3a7c003c2894" target="_blank">10% growth in YOY digital sales</a>. And the company expects that number to grow by approximately 25% by 2026. &nbsp;



<h2>McDonald&rsquo;s (MCD)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/mcd1600-1-300x169.png" alt="New McDonalds Being Built in 2020, Close Up of Main McD Sign"><div>Source: Retail Photographer / Shutterstock.com</div></div>McDonald&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/mcd-stock-quote/">MCD</a>) has been showing up in my social media feeds for the past few months. Some say the prices are too high, others say it&rsquo;s still a value. Those familiar with the business model know that it depends on where you live. 



The company is mostly franchisee-owned, and those franchises are free to set their own prices. The point being, how you perceive MCD stock may have a lot to do with how you perceive its value. &nbsp;



Not that pricing isn&rsquo;t an issue. The <a href="https://investorplace.com/2024/04/7-dividend-growth-stocks-to-buy-now-q2-edition/" target="_blank">company acknowledges as much</a>. However, the company&rsquo;s digital game, which it was working on before 2020, is on point, and a way for cash-strapped consumers to get instant daily deals. &nbsp;



Another consistent knock on MCD stock is that growth is behind it. But it should be noted that the company beat revenue and earnings estimates in every quarter in 2023. 



The stock is up 38% in the last five years. Not eye-watering growth, but when you add in the dividend, a significant total return for investors. &nbsp;



<h2>Dollar General (DG)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/dg1600-300x169.jpg" alt="Dollar General (DG) store front with yellow store sign, midday"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>Dollar stores were among the worst-performing retail stocks in 2023. And Dollar General (NYSE:<a href="https://investorplace.com/stock-quotes/dg-stock-quote/">DG</a>) was no exception. 



This reflects the effect that inflation has on the low-income consumers that are a core base of the dollar store model. &nbsp;



But after a double beat on earnings in March, investors are starting to see the value of DG stock. It&rsquo;s true that higher-for-longer interest rates are a headwind. But as the company&rsquo;s earnings report shows, investors may be too negative. &nbsp;



One reason that I&rsquo;ve mentioned before is the company&rsquo;s <a href="https://investorplace.com/2024/04/forget-the-bad-cpi-news-buy-the-dip-in-these-3-runaway-earnings-winners/" target="_blank">strategy regarding store location</a>. The company ensures it&rsquo;s located in rural areas and other spots not easily serviced by big-box retailers. &nbsp;



But that doesn&rsquo;t mean Dollar General isn&rsquo;t leaning into digital. The company has ramped up its digital presence with MyDG which gives consumers access to online-only coupons. In 2023, the company reported <a href="https://ecommercedb.com/store/dollargeneral.com" target="_blank">$381.3 million in digital sales</a>. This was comparable to 2020, which shows that the pivot is going well. &nbsp;



In times of ongoing market volatility, you should be looking for <a href="https://investorplace.com/stock-types/undervalued-stocks/">undervalued stocks</a> that are best in class. DG stock checks that box. &nbsp;



<h2>Tractor Supply Company (TSCO)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/TSCO1600-300x169.jpg" alt="A Tractor Supply Co. Store"><div>Source: Shutterstock</div></div>Tractor Supply Company (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsco-stock-quote/">TSCO</a>) is a rural lifestyle retailer with over 2,200 stores in 49 states. 



The company has been delivering mixed revenue and earnings results over the last year. TSCO stock is up 139% over the last five years. However, it&rsquo;s only up about 1% in the last 12 months and that&rsquo;s because of the 15% rally in 2024. &nbsp;



But this is a time to remember why you want to own a quality dividend stock. In February, the company raised its dividend for the fifteenth consecutive year. It&rsquo;s been growing the dividend at around a 40% average over the last three years, but still has a sustainable payout ratio of around 48%. &nbsp;



There are a lot of reasons to like Tractor Supply Company as an undervalued retail stock. But the price action on TSCO stock shows that the stock recently broke above a level of resistance at $248. 



After a pullback, that price is now being tested as a line of support. A bullish earnings report in late April may be the fuel that the stock needs to take the next leg higher.&nbsp;



<h2>Lovesac (LOVE)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/love-stock-1-300x169.jpg" alt="lovesac storefront"><div>Source: BCFC / Shutterstock.com</div></div>Lovesac (NASDAQ:<a href="https://investorplace.com/stock-quotes/love-stock-quote/">LOVE</a>) rounds out this list of budget-friendly retail stocks. This is no value stock. Lovesact is a young company that is still in the expansion phase. 



In its most recent quarter, it gave mixed results, but one shining star was expanding margins. That had been a problem for the company. &nbsp;



One time doesn&rsquo;t make a pattern. But it should allow investors to focus on other <a href="https://d1io3yog0oux5.cloudfront.net/_7862ad9fd4f4221bf0e66edcd2ae0f5c/lovesac/db/781/6928/pdf/LOVE+Q3+FYE+2024+Investor+Presentation+%28Final%29.pdf" target="_blank">positive developments</a> such as a 15% increase in store count, positive cash flow that almost doubled between 2022 and 2023. That highlights the company&rsquo;s inventory reduction that puts Lovesac in a good position as it waits for a more favorable monetary environment. &nbsp;



Short interest of over 30% is concerning. But institutional investors own 92% of the stock&rsquo;s float and the overwhelming sentiment is bullish. That means investors with some appetite for speculation could see a small position slingshot higher if the company continues to deliver strong earnings. &nbsp;



On the date of publication, Chris Markoch had a LONG position in MCD. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.&nbsp;
<div>Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/7-budget-friendly-retail-plays-due-for-a-tax-refund-spending-boost/">7 Budget-Friendly Retail Plays Due for a Tax Refund Spending Boost</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Budget-Friendly Retail Plays Due for a Tax Refund Spending Boost

There's a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Winnebago Industries (WGO – Research Report),...

Analysts Offer Insights on Consumer Cyclical Companies: Winnebago Industries (WGO), Vail Resorts (MTN) and Tractor Supply (TSCO)

Tractor Supply Q1 2024 Earnings Preview

ABBV

ABNB

ADSK

AVGO

BBWI

BIIB

CHRW

CHTR

CRWD

CTTAF

HUBS

IONS

LBRDA

LBRDK

LOVE

MRNA

NCLH

PARA

PODD

POOL

SMCI

SNOW

TMUS

WOLF

Press Releases

Tractor Supply Kicks Off Spring Season With Savings Event

Tractor Supply Company and Martha Stewart Welcome Spring With Launch of Garden Apparel Line

Tractor Supply Raises Over $1 Million for FFA in Ninth Annual Grants for Growing Fundraiser

Tractor Supply Opens Applications for Second Annual Open Buying Days Event

Tractor Supply Welcomes Weber to Life Out Here

Tractor Supply Announces Webcast of First Quarter 2024 Earnings Conference Call

Tractor Supply to Continue Partnership With Lainey Wilson as 2024 Brand Ambassador

Tractor Supply Issues 2023 Stewardship Tear Sheet in Conjunction with Earth Week Celebration

Petsense by Tractor Supply Announces Spring Adoption Event to Help Shelter Animals Find Forever Homes

Tractor Supply's 4-H Spring Paper Clover Fundraiser Has Sprung

Academy Sports and Outdoors, Inc. - Common Stock

Academy Sports

BARK

Build-A-Bear Workshop

Bath & Body Works

Big 5 Sporting Goods Corporation - Common Stock

Big 5 Sporting Goods

Chewy

Dick's Sporting Goods

Envela

National Vision Holdings, Inc. - Common Stock

National Vision Holdings

Five Below

1-800-FLOWERS.COM, Inc. - Class A Common Stock

1-800-Flowers.com

Fitell

Grove Collaborative Holdings, Inc. Class A Common Stock

Grove Collaborative Hldgs

Hibbett

MarineMax

Leslies

PetMed Express

Sally Beauty Holdings, Inc. (Name to be changed from Sally Holdings, Inc.) Common Stock