Tractor Supply Company (NASDAQ:TSCO) stock has reached a 52-week low, dipping to $52.81, following a significant 7.5% decline over the past week. Despite this recent low point, the company has experienced a notable 1-year change, with its stock value increasing by 27.95%. According to InvestingPro, TSCO maintains a healthy 8.33% dividend yield and has raised its dividend for 15 consecutive years. This growth over the past year indicates a resilient performance in the face of market fluctuations that have brought the stock to its current low. With a solid financial health score rated as "GOOD" by InvestingPro, investors and analysts are closely monitoring Tractor Supply's strategies and market conditions to forecast the potential for recovery and further growth. Discover 12 additional exclusive ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, Tractor Supply Company's Q3 earnings exceeded estimates, and the company announced the acquisition of Allivet, an online pet pharmacy. Telsey Advisory Group maintained its Outperform rating on Tractor Supply, expressing confidence in the company's long-term growth strategy. Analysts from Benchmark, UBS, and Barclays (LON:BARC) have adjusted their stock price targets for Tractor Supply, with Benchmark maintaining a Buy rating, while UBS and Barclays maintain neutral ratings. KeyBanc Capital Markets also maintained a "Sector Weight" rating on Tractor Supply, acknowledging the company's potential for growth despite possible economic challenges. TD Cowen maintained its Hold rating on Tractor Supply shares, despite some concerns about Q3 performance. Tractor Supply's management has adjusted its 2024 earnings guidance and projects net sales between $14.85 billion and $15 billion, and a diluted EPS between $10.10 and $10.40. The company plans to open 90 new stores in 2025, and its Neighbor's Club membership has grown to over 37 million members. These are among the recent developments at Tractor Supply Company.
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