Tractor Supply Company

Valuation Analysis

About the Company

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company provides various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; companion animal products, such as food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise. It offers its products under the 4health, Paws &

Tractor Supply Company Stock at a Glance

Tractor Supply Company (TSCO) is currently trading at $31.25 with a market capitalization of $16.4B. The trailing P/E ratio stands at 15.39x, with a forward P/E of 13.5x. The 52-week range spans from $28.36 to $63.99; the current price is 51.2% below the yearly high. Year-over-year revenue growth stands at +3.6%. The net profit margin stands at 6.91%.

💰 Dividend

Tractor Supply Company pays an annual dividend of $0.96 per share, representing a yield of 3.07%. The payout ratio stands at 45.81%.

📊 Analyst Rating

27 analysts rate Tractor Supply Company (TSCO) on consensus: Buy. The average price target is $46.04, implying +47.32% from the current price. Analyst price targets range from $36.00 to $60.00.

Tractor Supply Company: The Investment Case in Detail

Tractor Supply Company (TSCO) operates in the Consumer Cyclical — specifically Specialty Retail — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Return on equity of 45.5% places management among the most capital-efficient operators in the public market — every euro of shareholder capital is working hard. Wall Street consensus sits at Buy with an average price target implying roughly 47.32% upside from current levels — analyst sentiment is firmly constructive. Our valuation screen flags the stock as undervalued relative to its fundamentals — multiples are running below where the cash flow profile would normally justify.

The Bear Case

Revenue growth has slowed to just 3.6%, which is below nominal GDP — the business is no longer outgrowing the broader economy. The debt-to-equity ratio of 254.95% is elevated, meaning the company relies heavily on creditors — refinancing terms will become more important than operational performance in the next economic downturn.

Valuation in Context

The PEG ratio at 1.38 sits in the reasonable zone — the price tag is roughly aligned with the company's growth profile, neither punishing nor euphoric.

What to Watch Next

• The forward P/E of 13.5x is meaningfully below the trailing 15.39x — analysts expect earnings to step up; the next earnings release is the test.
• The price sits in the lower quartile of the 52-week range — value hunters often start scaling in around this zone if fundamentals hold.
• The dividend yield near 3.07% combined with a payout ratio of 45.81% leaves room for further hikes — a track record of consecutive raises is a strong income signal.
• The analyst consensus price target implies 47.32% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).

Risk Profile

The data points to relatively defensive market behavior, elevated short interest (5.18%), higher leverage relative to equity.

Trading Data

💵 Dividend Info

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