$TSCO

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Tractor Supply Likely to Report Comparable Sales Decline Amid Housing, Consumer Spending Challenges, Truist Says

Tractor Supply (TSCO) is likely to report a decline in comparable sales for the second quarter amid a challenging housing and property market and weak consumer spending, Truist Securities said in a Tuesday client note.The brokerage now estimates the rural lifestyle retailer to post a 2% decrease in comparable sales for the ongoing three-month period, compared with its previous forecast for growth of 1.5%. The current consensus on FactSet is for Tractor Supply's same-store sales to increase by 1.3%."Our reads indicate that the quarter started fine but then faded at the end of April through May and early June," Truist Managing Director Scot Ciccarelli said in the note. "While there are still a few weeks left, we think the company is likely too far behind to hit our prior 1.5% (comparable sales) estimate."Truist projects Tractor Supply's per-share earnings to come in at $0.77 for the second quarter, down from its prior estimate of $0.86. The Street is looking for $0.85.Tractor Supply is scheduled to release its latest financial results next month.Macro factors such as a weak housing market and softer consumer trends are weighing on Tractor Supply, according to Truist. Additionally, lower dog ownership, which management has flagged as a concern, appears to be a larger issue than previously expected, the brokerage added.Large farm dogs have historically been Tractor Supply's "bread and butter" and an important driver of traffic, Ciccarelli said. Fewer large dogs due to household cost problems effectively lowers the retailer's total addressable market in a key category.Truist believes it would be prudent for Tractor Supply to revise its full-year expectations if the brokerage's latest data and projections turn out to be correct. The brokerage also pointed to increased competition from major players such as Lowe's (LOW), Walmart (WMT) and Amazon (AMZN) as a headwind to comparable sales."We suspect that Tractor will need to accelerate growth to disprove this thesis," Ciccarelli said.Truist lowered its price target on Tractor Supply's stock to $32 from $44 and maintained its hold rating on the shares.

$TSCO

Wire4d ago

Gordon Haskett Adjusts Price Target on Tractor Supply to $50 From $40

Tractor Supply (TSCO) has an average rating of overweight and mean price target of $45.96, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $31.36, Change: $+0.09, Percent Change: +0.30%

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Research27d ago

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

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.

$TSCO

Research42d ago

Piper Sandler Downgrades Tractor Supply to Neutral From Overweight, Adjusts PT to $36 From $51

Tractor Supply Company (TSCO) has an average rating of overweight and mean price target of $47.18, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$TSCO

Wire55d ago

Tractor Supply Facing 'Modest Risk' to Fiscal 2026 Outlook, Morgan Stanley Says

Tractor Supply (TSCO) is facing a "modest risk" to its 2026 outlook amid traffic declines in Q1 and softer demand in the companion animal segment, Morgan Stanley said in a Wednesday note.The company reported fiscal Q1 earnings Tuesday of $0.31 per diluted share, down from $0.34 a year earlier, while net sales increased to $3.59 billion from $3.47 billion. According to Morgan Stanley, Tractor Supply projects fiscal 2026 comparable sales growth of 1% to 3% and $2.13 to $2.23 in adjusted EPS.Morgan Stanley estimated that the companion animal segment's comparable sales declined by about 3.5% in Q1. The segment could weigh on the company's 2026 outlook due to weaker demand as it is estimated to comprise low-20% of sales for the remainder of the year, the brokerage noted.There is also a risk that traffic remains flat-to-negative due to weaker consumer sentiment and increasing competition, among others, Morgan Stanley added.Morgan Stanley cut its price target on Tractor Supply to $45 from $57, with an equal-weight rating.Price: $39.15, Change: $-0.42, Percent Change: -1.06%

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Wire55d ago

Stephens Adjusts Price Target on Tractor Supply to $43 From $53, Maintains Equalweight Rating

Tractor Supply (TSCO) has an average rating of overweight and mean price target of $50.11, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $39.14, Change: $-0.43, Percent Change: -1.09%

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Wire55d ago

Guggenheim Adjusts Price Target on Tractor Supply to $60 From $65, Maintains Buy Rating

$TSCO

Wire55d ago

UBS Adjusts Price Target on Tractor Supply to $44 From $55, Maintains Neutral Rating

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Wire55d ago

Raymond James Adjusts Price Target on Tractor Supply to $48 From $60, Maintains Outperform Rating

Tractor Supply (TSCO) has an average rating of overweight and mean price target of $50.56, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $39.66, Change: $+0.09, Percent Change: +0.23%

$TSCO

US Markets55d ago

Correction: Wall Street Logs Back-to-Back Losses Amid US-Iran Talks Uncertainty

(Corrects the day to Tuesday in first para)Equities on Wall Street fell for a second straight session on Tuesday amid doubts over a fresh round of negotiations between the US and Tehran.The three main US stock indexes lost 0.6% each, with the S&P 500 closing at 7,064. The Nasdaq Composite ended at 24,260, while the Dow Jones Industrial Average settled at 49,149.4. Barring energy, all sectors were in the red, led by real estate.Shortly after market close, US President Donald Trump announced the extension of a two-week ceasefire deal with Iran, though he said the naval blockade of Iranian ports will continue. The truce was announced on April 7.Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir asked for an extension, Trump said in a Truth Social post.The blockade of the crucial Strait of Hormuz had fueled uncertainty around a second round of discussions between Washington and Iran, likely to be held in Pakistan, CNN reported Tuesday. US Vice President JD Vance's plans to depart for Islamabad had reportedly been put on hold amid Iran's reluctance to participate in peace talks.West Texas Intermediate crude oil was last up 1.7% at $88.90 per barrel, while Brent climbed 3.5% to $98.82.US Treasury yields were higher, with the 10-year rate up 4.5 basis points at 4.30% and the two-year rate rising 6.5 basis points to 3.79%.Meanwhile, Kevin Warsh said the Federal Reserve, under his leadership, would be independent from the White House, CNBC reported. He made the remarks at his Senate Banking Committee confirmation hearing. Warsh is Trump's Fed chair nominee.In economic news, US retail sales last month logged the largest rise since March 2025 amid a surge in spending at gasoline stations as the Middle East conflict boosted energy prices, official data showed."We expected that the headline (figure) would be gaudy due to the increase in gas prices and a pickup in unit auto sales, but the strength in other categories was surprising," Jefferies said in a note. "There is no evidence here that higher gasoline prices have motivated the consumer to tighten the belt elsewhere just yet."US pending home sales increased more than expected in March despite higher mortgage rates, data from the National Association of Realtors showed.In company news, Apple (AAPL) shares fell 2.5%, among the worst performers on the Dow. The iPhone maker said late Monday that Tim Cook will step down as chief executive and become executive chairman, with hardware engineering veteran John Ternus set to succeed him as CEO.Tractor Supply (TSCO) shares tumbled nearly 12%, the steepest decline on the S&P 500. The retailer logged first-quarter results that missed Wall Street's projections amid a below-average performance of its companion animal product business.UnitedHealth Group (UNH) raised its full-year earnings outlook, as the health insurance giant recorded an unexpected annual increase in its first-quarter results. The company's shares jumped 7%, the biggest gainer on the Dow and among the best performers on the S&P 500.D.R. Horton's (DHI) fiscal second-quarter results came in better than expected, though the homebuilder tempered its full-year revenue outlook. The company's shares advanced 5.8%, among the biggest gains on the S&P 500.Gold was down 2.1% at $4,726.10 per troy ounce, while silver dropped 4.4% to $76.53 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$DHI$TSCO$UNH

US Markets55d ago

Wall Street Logs Back-to-Back Losses Amid US-Iran Talks Uncertainty

Equities on Wall Street fell for a second straight session on Wednesday amid doubts over a fresh round of negotiations between the US and Tehran.The three main US stock indexes lost 0.6% each, with the S&P 500 closing at 7,064. The Nasdaq Composite ended at 24,260, while the Dow Jones Industrial Average settled at 49,149.4. Barring energy, all sectors were in the red, led by real estate.Shortly after market close, US President Donald Trump announced the extension a two-week ceasefire deal with Iran, though he said the naval blockade of Iranian ports will continue. The truce was announced April 7.Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir asked for an extension, Trump said in a Truth Social post.The blockade of the crucial Strait of Hormuz had fueled uncertainty around a second round of discussions between Washington and Iran, likely to be held in Pakistan, CNN reported Tuesday. US Vice President JD Vance's plans to depart for Islamabad had reportedly been put on hold amid Iran's reluctance to participate in peace talks.West Texas Intermediate crude oil was last up 1.7% at $88.90 per barrel, while Brent climbed 3.5% to $98.82.US Treasury yields were higher, with the 10-year rate up 4.5 basis points at 4.30% and the two-year rate rising 6.5 basis point to 3.79%.Meanwhile, Kevin Warsh said the Federal Reserve, under his leadership, would be independent from the White House, CNBC reported. He made the remarks at his Senate Banking Committee confirmation hearing. Warsh is Trump's Fed chair nominee.In economic news, US retail sales last month logged the largest rise since March 2025 amid a surge in spending at gasoline stations as the Middle East conflict boosted energy prices, official data showed."We expected that the headline (figure) would be gaudy due to the increase in gas prices and a pickup in unit auto sales, but the strength in other categories was surprising," Jefferies said in a note. "There is no evidence here that higher gasoline prices have motivated the consumer to tighten the belt elsewhere just yet."US pending home sales increased more than expected in March despite higher mortgage rates, data from the National Association of Realtors showed.In company news, Apple (AAPL) shares fell 2.5%, among the worst performers on the Dow. The iPhone maker said late Monday that Tim Cook will step down as chief executive and become executive chairman, with hardware engineering veteran John Ternus set to succeed him as CEO.Tractor Supply (TSCO) shares tumbled nearly 12%, the steepest decline on the S&P 500. The retailer logged first-quarter results that missed Wall Street's projections amid a below-average performance of its companion animal product business.UnitedHealth Group (UNH) raised its full-year earnings outlook, as the health insurance giant recorded an unexpected annual increase in its first-quarter results. The company's shares jumped 7%, the biggest gainer on the Dow and among the best performers on the S&P 500.D.R. Horton's (DHI) fiscal second-quarter results came in better than expected, though the homebuilder tempered its full-year revenue outlook. The company's shares advanced 5.8%, among the biggest gains on the S&P 500.Gold was down 2.1% at $4,726.10 per troy ounce, while silver dropped 4.4% to $76.53 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$DHI$TSCO$UNH

Research55d ago

Research Alert: CFRA Keeps Hold Rating On Shares Of Tractor Supply Company

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target price by $9 to $44 applying a forward P/E of 20.5x compared to the three-year historical average at 23.7x and five-year at 25.2x on normalized earnings. With lower demand, we have reduced our revenue projections in 2026 to $16.4B (prior $16.3B) and 2027 to $17.0B ($17.4B). We think TSCO faces material operating headwinds from declining transaction counts, structural challenges in the Companion Animal category (100-bp drag on comps), and persistent tariff pressures that are compressing margins despite cost management efforts. Working capital efficiency has deteriorated with inventory turns declining to 2.92x from 3.00x while operating cash flow fell 58% in Q1 2026, raising concerns about the sustainability of aggressive capital returns amidst modest comparable sales growth. However, the company 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 recovery if consumer demand stabilizes.

$TSCO

Japan55d ago

US Equity Markets Fall as Crude Oil Rises on Renewed Uncertainty Over Iran Talks

US equity indexes closed lower on Tuesday as crude oil prices climbed amid renewed uncertainty over stalled US-Iran peace talks.* President Donald Trump told CNBC that he expects the US and Iran to make a "great deal," referring to the proposed second round of talks in Islamabad that Iran has yet to confirm it will attend.* Iran has told regional mediators it would send a negotiating team to Islamabad on Tuesday, the Wall Street Journal reported.* US retail sales rose 1.7% in March, compared with February's revised 0.7% gain and above the 1.4% increase expected in a Bloomberg survey.* The National Association of Realtors said pending home sales rose 1.5% in March, above the 0.5% increase expected in a survey compiled by Bloomberg and following a 2.5% gain in February. Sales fell 1.1% from March 2025.* May West Texas Intermediate crude oil rose $3.93 to settle at $91.35 per barrel, while June Brent crude, the global benchmark, was last seen up $5.29 at $100.77.* Northern Trust (NTRS) shares rose 8%, the biggest gainer on the S&P 500, after the company reported higher Q1 earnings and revenue.* Tractor Supply (TSCO) shares fell 12%, the largest drop on the S&P, after the company reported Q1 results that missed market projections amid a below-average performance of its companion animal product business.

Dow JonesNasdaq Composite$NTRS$SPX$TSCO

Sectors55d ago

Sector Update: Consumer Stocks Decline Late Afternoon

Consumer stocks were lower late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.8%.In sector news, Redbook US same-store sales rose 6.7% from a year earlier in the week ended April 18 after a 7% year-over-year increase in the previous week.In corporate news, T-Mobile's (TMUS) largest shareholder, Deutsche Telekom, is mulling a full combination with the US-based carrier in what would be the largest-ever public M&A deal, Bloomberg reported. T-Mobile shares were down 1.4%.Tractor Supply (TSCO) reported Q1 results that missed market projections amid a below-average performance of its companion animal product business. Its shares dropped past 12%.D.R. Horton's (DHI) fiscal Q2 results came in better than expected, although the homebuilder tempered its full-year revenue outlook. Its shares rose past 6%.Estee Lauder (EL) has hired JPMorgan (JPM) to come up with a financing package of about 5 billion euros ($5.88 billion) to fund its takeover of Puig, Spanish business newspaper Expansion reported Tuesday. Estee Lauder shares were down 3%.

$DHI$EL$TMUS$TSCO

US Markets55d ago

Equities Fall Intraday, Oil Jumps Amid Uncertainty Around US-Iran Talks

US benchmark equity indexes were lower intraday, while oil prices rose amid uncertainty around the prospects of a fresh round of negotiations between Washington and Iran.The S&P 500 was down 0.4% at 7,084.3 after midday Tuesday, while the Nasdaq Composite fell 0.3% to 24,337.3. The Dow Jones Industrial Average shed 0.2% to 49,339.2. Barring energy and consumer discretionary, all sectors were in the red, led by real estate.West Texas Intermediate crude oil was up 4.7% at $93.80 per barrel, while Brent rose 4.2% to $99.52.The blockade of the crucial Strait of Hormuz by the US has contributed to the ongoing uncertainty around a second round of discussions between Washington and Iran, as the deadline for a recently announced ceasefire looms, CNN reported Tuesday, citing sources. US Vice President JD Vance, who was expected to leave for Pakistan earlier in the day, was still in Washington for meetings, unnamed sources told the news outlet.The US is "going to end up with a great deal" with Iran to end the war, CNBC reported, citing President Donald Trump. He reportedly doesn't expect to extend the ceasefire due to expire Wednesday.US Treasury yields were higher intraday, with the 10-year rate up 4.4 basis points at 4.29% and the two-year rate rising 6.3 basis point to 3.78%.In economic news, US retail sales last month logged the largest rise since March 2025 amid a surge in spending at gasoline stations as the Middle East conflict boosted energy prices, official data showed."We expected that the headline (figure) would be gaudy due to the increase in gas prices and a pickup in unit auto sales, but the strength in other categories was surprising," Jefferies said in a note. "There is no evidence here that higher gasoline prices have motivated the consumer to tighten the belt elsewhere just yet."US pending home sales increased more than expected in March despite higher mortgage rates, data from the National Association of Realtors showed."Contract signings rose in March despite higher mortgage rates, pointing to pent-up housing demand," NAR Chief Economist Lawrence Yun said. "A greater supply of inventory will help translate that demand into more home sales."In company news, Apple (AAPL) shares were down 2.6%, among the worst performers on the Dow. The iPhone maker said late Monday that Tim Cook will step down as chief executive and become executive chairman, with hardware engineering veteran John Ternus set to succeed him as CEO.Tractor Supply (TSCO) shares tumbled nearly 11% intraday Tuesday, the steepest decline on the S&P 500. The retailer logged first-quarter results that missed Wall Street's projections amid a below-average performance of its companion animal product business.UnitedHealth Group (UNH) raised its full-year earnings outlook, as the health insurance giant recorded an unexpected annual increase in its first-quarter results. The company's shares were up 8.9%, the biggest gainer on the S&P 500 and the Dow.D.R. Horton's (DHI) fiscal second-quarter results came in better than expected, though the homebuilder tempered its full-year revenue outlook. The company's shares jumped 7.2%, among the best performers on the S&P 500.Gold was down 2.1% at $4,730 per troy ounce, while silver dropped 4.1% to $76.74 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$DHI$TSCO$UNH

Sectors55d ago

Sector Update: Consumer Stocks Ease in Afternoon Trading

Consumer stocks were lower Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.2%.In sector news, Redbook US same-store sales rose by 6.7% from a year earlier in the week ended April 18 after a 7% year-over-year increase in the previous week. "Some retailers reported weaker year-over-year Easter sales, facing challenging comparisons to last year's pre-Easter shopping week in April," Redbook noted. Sales of home improvement items and outdoor merchandise picked up as spring began while household basics, food and consumables held steady.In corporate news, Tractor Supply (TSCO) reported Q1 results that missed Wall Street's projections amid a below-average performance of its companion animal product business. Its shares dropped past 10%.D.R. Horton's (DHI) fiscal Q2 results came in better than expected, although the homebuilder tempered its full-year revenue outlook. Its shares rose past 7%.Estee Lauder (EL) has hired JPMorgan (JPM) to come up with a financing package of about 5 billion euros ($5.88 billion) to fund its takeover of Puig, Spanish business newspaper Expansion reported Tuesday. Estee Lauder shares were down 1.4%.

$DHI$EL$TSCO

Wire55d ago

Truist Securities Cuts Tractor Supply Price Target to $44 From $55, Hold Rating Kept

Tractor Supply (TSCO) has an average rating of overweight and mean price target of $56.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $39.92, Change: $-4.90, Percent Change: -10.92%

$TSCO

Wire56d ago

Top Midday Decliners

Spruce Biosciences (SPRB) reported overnight that it priced a $60 million public offering of its common shares and pre-funded warrants.Shares sank 24% following an increase in intraday trading volume to over 472,000 from a daily average of about 46,000.Tractor Supply's (TSCO) Q1 results disappointed, with EPS missing consensus and revenue below the consensus estimate.Shares slumped 10% as intraday trading volume climbed to more than 15 million from a daily average of about 6.76 million.Washington Trust Bancorp (WASH) reported late Monday a year-over-year decline in Q1 revenue that also trailed analysts' estimates.Shares declined 16% as intraday trading volume rose to over 381,000 from a daily average of about 166,000.Price: $52.85, Change: $-17.05, Percent Change: -24.39%

$SPRB$TSCO$WASH

Wire56d ago

Tractor Supply First-Quarter Results Disappoint; Shares Tumble

Tractor Supply (TSCO) reported first-quarter results that missed Wall Street's projections amid a below-average performance of its companion animal product business, sending the retailer's shares tumbling on Tuesday.Per-share earnings for the quarter ended March 28 fell to $0.31 from $0.34 a year earlier and missed the FactSet-polled consensus of $0.34. Net sales grew 3.6% to $3.59 billion, but fell short of analysts' $3.63 billion estimate. Comparable store sales improved by 0.5%, while the Street projected 1.6% growth.Tractor Supply provides supplies for hobby farmers, ranchers, pet owners, homeowners and gardeners.The stock was trading 9.6% lower intraday, and has slumped about 19% so far this year."Companion animal performance reflects a number of structural headwinds. Sales were below the chain average," Chief Executive Hal Lawton said during an earnings call, according to a FactSet transcript. "Dog ownership, particularly in larger breeds, has come under pressure and our mix remains heavily weighted towards dog."Describing the retail environment as "cautious but stable," Lawton said spending is focused on "needs and small indulgences, with some evidence of trip consolidation within farm and ranch.""With the exception of companion animal, our consumable, usable and edible categories delivered consistent performance in line with our expectations led by poultry feed, bedding, livestock feed, and equine feed," Lawton told analysts.For 2026, the company continues to expect EPS of $2.13 to $2.23, and sales growth of 4% to 6%. Analysts are looking for full-year EPS of $2.18 on sales of $16.32 billion, which implies a 5.1% annual rise from 2025.Full-year comparable sales are projected to grow 1% to 3% this year, while analysts are looking for a 2% increase."Consistent with our outlook as we enter the year, we expect stronger EPS growth in (the second and fourth quarters) given the prior year's comparison on tariffs," Chief Financial Officer Kurt Barton said on the call. "The current environment remains fluid. We are managing the business based on what we know today, and have not assumed any incremental benefit from refunds in our outlook."The first-quarter shortfall raises some earnings risk for the year, Truist Securities said in a note."Weather-related performance swings can be sharp for Tractor and a key reason why investors evaluate this (company) in halves rather than quarters," Truist Managing Director Scot Ciccarelli wrote. "However, the softness in pet food suggests that the (the first-quarter) shortfall may not have been driven as much by weather."Price: $40.63, Change: $-4.18, Percent Change: -9.33%

$TSCO

Wire56d ago

Wells Fargo Adjusts Price Target on Tractor Supply to $47 From $55, Maintains Overweight Rating

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