Tractor Supply stock: Baird lifts target for Tractor Supply stock to USD 40.00

Published on 10/24/2026 at 03:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter sales rose 5.10 percent to USD 3.91 billion. For Tractor Supply stock, fiscal 2026 adjusted margin is guided at 8.50 to 8.80 percent.

Results and valuation signals

Baird raised its Tractor Supply target to USD 40.00 from USD 38.00 on October 23, 2026.
Third-quarter sales reached USD 3.91 billion on October 22, 2026.
Tractor Supply had a USD 17.4 billion market capitalization as of October 23, 2026.

TSCO, US8923561067, Illustration mit AI erstellt.

Tractor Supply Company (ISIN US8923561067) became a fresh analyst target story when Baird raised its target to USD 40.00 from USD 38.00 on October 23, 2026, as Markets Insider reported. The move followed third-quarter results released on October 22, 2026, when sales increased 5.10 percent to USD 3.91 billion, according to Tractor Supply Company.

Three results checkpoints

Tractor Supply's fourth-quarter 2025 revenue was listed at USD 3.90 billion for January 29, 2026, while second-quarter 2026 revenue reached USD 4.54 billion on July 23, 2026, according to Moomoo.

On October 22, 2026, third-quarter revenue reached USD 3.91 billion, compared with USD 3.72 billion a year earlier, while comparable store sales rose 0.40 percent. The same release showed gross margin falling to 36.40 percent from 37.40 percent and diluted earnings per share declining to USD 0.43 from USD 0.49.

What do margins mean for Tractor Supply?

The margin comparison is the central operating signal. Operating income fell 10.20 percent to USD 307.7 million in the third quarter of 2026, while net income declined 13.30 percent to USD 224.7 million. Tractor Supply reaffirmed fiscal 2026 adjusted operating margin guidance of 8.50 to 8.80 percent and adjusted earnings per diluted share guidance of USD 1.90 to USD 2.00 on October 22, 2026, according to Business Wire.

Retail footprint supports scale

Tractor Supply operated 2,463 stores in 49 states and 209 Petsense stores in 23 states as of June 27, 2026, according to the company's investor-relations page. The footprint gives the retailer a broad base for the sales recovery described in the October results.

Stock context after results

Tractor Supply had a market capitalization of USD 17.4 billion as of October 23, 2026. Its 52-week range was USD 28.36 to USD 58.20 on the same date. The further course of trading is shown by the continuously updated real-time quote of Tractor Supply stock.