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Research Alert: CFRA Upgrades Opinion On Shares Of Tractor Supply Company To Buy From Hold

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We see a buying opportunity with TSCO shares down 38% year-to-date, including a decline of nearly 30% since the company reported weak Q1 results in April. We lower our price target by $9 to $35 (consensus $46) using a forward P/E of 15.9x, a deep discount to the three-year historical average of 23.7x and the five-year average of 25.2x on normalized earnings. Due to lower demand, we previously reduced our revenue projections to $16.4B in 2026 and $17.0B in 2027, compared with consensus estimates of $16.2B and $17.1B, respectively. Our EPS estimates are unchanged at $2.20 in FY 26 and $2.46 in FY 27 (consensus: $2.13, $2.31). We view the weakness as cyclical, not secular. TSCO faces material operating headwinds from declining transaction counts, structural challenges, and persistent tariff pressures. TSCO maintains a solid balance sheet, strong new store productivity (65%-70% range), and resilient performance in core C.U.E. categories, providing a basis for potential rebound if consumer demand stabilizes.

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Research Alert: CFRA Upgrades Opinion On Shares Of Tractor Supply Company To Buy From Hold | FINWIRES