Analysts Cut Tractor Supply Targets to $53–$65 After Fiscal Q4 Miss
Guggenheim reaffirmed a Buy at $65 while UBS cut its target to $55 Neutral, TD Cowen trimmed to $53 Hold and Piper Sandler lowered to $59 Overweight after a fiscal Q4 miss in comparable sales, EPS and margins. Analysts cited comp weakness and guided fiscal 2026 below forecasts.
1. Analyst Rating Changes
Guggenheim reaffirmed a Buy rating with a $65 price target on February 9, UBS lowered its target to $55 and maintained a Neutral rating on January 30, TD Cowen cut its target to $53 while retaining a Hold rating, and Piper Sandler trimmed its target to $59 and kept an Overweight rating.
2. Fiscal Q4 Results
Tractor Supply reported fiscal Q4 results that missed consensus on comparable sales, EPS and gross margin, with comparable-store sales declining low single digits and margin contraction attributed to a tighter customer wallet and discretionary spending weakness.
3. 2026 Guidance and Outlook
Management guided fiscal 2026 below Wall Street forecasts and its long-term 3%-5% comparable sales growth goal, but Piper Sandler expects a return to 3%-plus comps over time and notes the company is not losing market share.