Tractor Supply CompanyNasdaq: TSCO
Consumer Discretionary · Other Specialty Retail
$30.26
+1.70%
Vol: 7.1M
Research Digest
Friday, June 19, 2026
Truist and Piper Sandler cut Tractor Supply price targets to $32 as shares hit ~$30, down 38% over the past year.
On June 16, 2026, Truist lowered its price target for Tractor Supply to $32 from $44, and Piper Sandler lowered its target to $32 from $36, as shares traded between $29.71 and $30.51 on June 18. The stock is down approximately 38% over the past year and 25% over the past three months. Tractor Supply launched SKIL Power Tools and a full electrical aisle reset on June 1, expanding its truck, tool and hardware assortment. The company declared a quarterly dividend of $0.24 per share paid June 9, 2026. Q1 2026 net sales grew 3.6% to $3.59 billion with the company reaffirming its full-year outlook of 1%–3% comparable store sales growth and diluted EPS of $2.13–$2.23. Risk: prolonged share price weakness and multiple analyst downgrades reflect concerns about consumer spending in the rural lifestyle segment.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 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.
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Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.