Tractor Supply CompanyNasdaq: TSCO
Consumer Discretionary · Other Specialty Retail
$31.20
-1.48%
Vol: 940K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Tractor Supply declared a $0.24 quarterly dividend and held its 2026 annual meeting, but Piper Sandler downgraded the stock to Hold and slashed its target to $36 from $51.Negative▶
On May 14, 2026, Tractor Supply held its annual meeting, where shareholders re-elected directors, ratified Ernst & Young as auditor and approved say-on-pay; the board also declared a $0.24 quarterly cash dividend payable June 9, 2026 to holders of record May 27. On May 5, Piper Sandler analyst Peter Keith downgraded TSCO from Buy to Hold and cut his price target to $36 from $51, reflecting concerns about weakening consumer demand at the rural retailer. The stock has been under pressure, closing recently around $33.83 with a roughly 22.8% decline over 30 days and ~33% YTD. The company is participating in the Baird 2026 Global Consumer, Technology and Services Conference on June 2. Risk: continued comp deceleration and discretionary weakness in rural lifestyle categories could keep multiple compression in play.
May 20Tractor Supply fell 3.5% on May 13 as April PPI hit 6% YoY, the highest in over three years.Negative▶
On May 13, 2026, Tractor Supply shares fell 3.5% in the afternoon session after April PPI hit 6% annually, the highest in over three years, raising concerns about rising wholesale costs and retail margin compression. Earlier on May 5, Piper Sandler downgraded TSCO to Neutral from Overweight. The board declared a quarterly dividend of $0.24 per share payable June 9 to shareholders of record May 27. TSCO closed at $30.69 on May 15, down 33.4% YTD and 32.3% over the past year. Shareholders backed the board and auditor on May 15. Risk: a DCF analysis suggests TSCO may be overvalued by 66.6% despite recent share price weakness.
May 19Tractor Supply declared $0.24 quarterly dividend and held 2026 annual meeting on May 14; Piper Sandler downgraded to Neutral with stock down 33% YTDNegative▶
On May 14, 2026, Tractor Supply's board declared a quarterly cash dividend of $0.24 per share, payable June 9 to shareholders of record May 27. At the same date, the 2026 Annual Meeting elected all nominated directors, ratified Ernst & Young as auditor, and approved executive compensation; Meg Ham was appointed to the Audit Committee and Sonia Syngal to the Corporate Governance and Nominating Committee. Earlier in May (May 5), Piper Sandler downgraded TSCO to Neutral from Overweight, contributing to weak performance with shares down 7.9% over 7 days, 22.8% over 30 days, and 33.4% YTD. The company also announced participation in the Baird 2026 Global Consumer, Technology & Services Conference on June 2. Financial outlook calls for ~2.9% EPS growth and 5% revenue growth.
May 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 15Tractor Supply declares $0.24 dividend May 14 after Piper Sandler downgrade; stock at 52-week lowsNegative▶
Tractor Supply declared a $0.24 quarterly dividend on May 14 payable June 9 to shareholders of record May 27. The company also announced participation in the Baird 2026 Global Consumer, Technology & Services Conference June 2. However, the stock has been under significant pressure, closing recently at $33.83, down 7.9% over 7 days, 22.8% over 30 days, and 33.4% YTD with a 52-week range of $31.98-$63.99. Piper Sandler downgraded TSCO to Neutral from Overweight, TD Cowen cut PT to $38 from $53, and Citi cut PT to $46 from $55. Q1 net sales grew 3.6% to $3.59B but net income and diluted EPS declined, sending shares down 8.85%. Next earnings Jul 23. Risk: weakening discretionary rural retail consumer.
May 14Tractor Supply fell 3.5% on May 13 as hot April PPI (6%) hit retailers, while the company confirmed participation in the June 2 Baird Global Consumer Conference.Negative▶
On May 13, 2026, Tractor Supply announced participation in the Baird 2026 Global Consumer, Technology & Services Conference, with its session set for June 2 at 8:30 a.m. ET (webcast at IR.TractorSupply.com). The same afternoon, TSCO fell 3.5% alongside other specialty retailers after April PPI printed 6% annually - the highest in over three years - confirming accelerating wholesale-cost pressure as real consumer wages turned negative for the first time since 2023, raising margin and demand concerns. TSCO trades around $29.47, down ~42% year-to-date and ~53% below its August 2025 high of $62.65, leaving sentiment defensive heading into the June investor event. No new analyst rating changes or M&A disclosed in the window.
May 13Tractor Supply downgraded to Neutral from Overweight at Piper Sandler on May 5 amid sharp stock decline (-22.8% in 30 days, -33.4% YTD).Negative▶
Piper Sandler downgraded Tractor Supply to Neutral from Overweight on May 5, 2026, joining a wave of negative analyst sentiment after weak Q1 2026 results and cautious consumer spending commentary. Multiple firms cut price targets in late April: TD Cowen to $38 from $53, Citi to $46 from $55, and Guggenheim to $60 from $65. Q1 2026 net sales rose just 3.6% to $3.59B from $3.47B, and TSCO reaffirmed but did not raise its full-year guidance of 1-3% comp sales and $2.13-$2.23 diluted EPS. The stock has been hammered, down 7.9% over 7 days, 22.8% over 30 days, and 33.4% YTD on weak consumer demand and valuation concerns. The company recently opened its 2,400th store, a long-term growth milestone. Risk: weak consumer spending in farm and ranch core categories, with DCF analysis suggesting overvaluation by 66.6%.
May 12No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 11Piper Sandler downgraded Tractor Supply to Neutral from Overweight on May 5 after Q1 2026 net income declined to $164.5M from $179.4M YoY as costs outpaced sales growth.Negative▶
Tractor Supply was downgraded to Neutral from Overweight at Piper Sandler on May 5. The downgrade follows Q1 2026 results showing net sales of $3.59B (up from $3.47B) but net income falling to $164.5M from $179.4M and diluted EPS declining to $0.31 from $0.34 as costs rose faster than sales. The company reached a milestone with its 2,400th store opening and operates 2,435 Tractor Supply stores plus 206 Petsense stores. A new stock repurchase plan commences May 15. Shares have fallen 22.8% over 30 days and 33.4% YTD, closing at $32.53 on May 6. FY26 capex plans include ~100 new stores, Project Fusion remodels, and the Nampa, Idaho distribution center. Risk: rural consumer spending pressure and margin compression continuing.
May 8Q1 EPS missed $0.31 vs $0.35 est, comparable sales +0.5%, guidance reaffirmedNegative▶
Tractor Supply reported Q1 2026 sales of $3.592 billion with net income of $164.52 million and EPS of $0.31, missing consensus estimate of $0.35. Comparable sales growth of only 0.5% due to soft companion animal demand. Piper Sandler downgraded to Neutral with $36 target; TD Cowen and Citi both cut price targets ($38 and $46 respectively). Company reaffirmed FY 2026 EPS guidance of $2.13-$2.23. Expected 2026 sales growth of 4%-6% and comp sales of 1%-3%.
May 7Q1 sales up 3.6%; comp sales +0.5%; soft pet care demand; reaffirms FY2026 EPS $2.13-$2.23 guidanceNeutral▶
Tractor Supply reported Q1 2026 net sales of $3.59B, up 3.6% YoY, with comparable store sales up 0.5% (vs. -0.9% prior year). Soft companion animal demand pressured results, but the company gained market share in farm/ranch with double-digit digital growth. Opened 40 new stores (2,400th milestone in Aiken, SC) and closed 1 Petsense location; targeting 100 new stores by year-end. Reaffirmed FY2026 comp sales growth of 1-3% and EPS of $2.13-$2.23. Repurchased ~2.3M shares for $118M and paid $126.4M in dividends. Piper Sandler downgraded to Neutral; stock hit support zone $30.90-$34.16.
May 6Tractor Supply reports Q1 earnings miss with 8.9% stock decline; TD Cowen cuts price target to $38Negative▶
Tractor Supply released Q1 2026 results showing 3.6% net sales growth to $3.59B but a steeper decline in diluted EPS to $0.31 (down 8.3% YoY), pressuring shares. Comparable ticket rose only 1.6% while transaction counts fell 1.0%, signaling consumer caution despite reaffirmed FY2026 guidance. Mixed analyst sentiment emerged with Argus maintaining Buy while TD Cowen and Citi both cut price targets, citing margin pressure and momentum concerns. The company expects 4-6% sales growth and continued investment in digital (strong double-digit growth) and new store openings. Companion animal segment weakness and macro uncertainty present near-term headwinds.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| ULTAULTA | $471.02 | -6.55% | +5.0% | 15.9x | 0.89 | $22.0B |
| TSCOTRACTOR | $31.20 | -1.48% | -0.2% | 13.7x | 0.50 | $16.6B |
| AMZNAMAZON.COM | $246.44 | -8.20% | +1.4% | 27.3x | 1.47 | $2.89T |
| TSLATESLA | $411.15 | -1.60% | +1.9% | 166.5x | 1.79 | $1.57T |
| HDHOME | $333.04 | +6.14% | +4.7% | 19.5x | 1.00 | $312.5B |
| MCDMCDONALD | $287.80 | +1.27% | +0.6% | 20.0x | 0.44 | $201.9B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.