
Tractor Supply (TSCO) Stock Forecast & Price Target
Tractor Supply (TSCO) Analyst Ratings
Bulls say
Tractor Supply is projecting a sales increase of 5%-7% for fiscal 2025, benefiting from improved big-ticket trends, market share gains, and expanding gross margins expected to rise by 20-40 basis points year-over-year to between 36.5%-36.7%, driven by enhanced supply chain efficiencies and cost management. The company's total sales per store have improved significantly since 2019, increasing from $4.5 million to $6.5 million, indicating strong operational performance and the effectiveness of initiatives such as new store openings and remodels. Additionally, the favorable end market environment, combined with the company's strategy to navigate post-pandemic sales dynamics, suggests potential for ongoing comparable store sales growth and robust EBITDA growth in the coming years.
Bears say
Tractor Supply has experienced an 8.4% EBIT margin in fiscal 2024, marking a year-over-year decline of approximately 70 basis points, alongside an EPS of $0.44, which fell short of expansion expectations amid a gross margin decline of about 10 basis points. The company anticipates flat EBIT margins in the first quarter of 2025, as growth investments are expected to offset any gross margin expansions, with additional operational costs stemming from new distribution center opening further impacting profitability. Additionally, adverse weather conditions in late 2023 negatively affected seasonal product performance, and an increase in the SG&A expense ratio by 60 basis points highlights the ongoing pressure on profit margins.
This aggregate rating is based on analysts' research of Tractor Supply and is not a guaranteed prediction by Public.com or investment advice.
Tractor Supply (TSCO) Analyst Forecast & Price Prediction
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