BNP Paribas Raises Tractor Supply (TSCO) Price Target to $38

BNP Paribas reaffirmed its Outperform rating on Tractor Supply Company (NasdaqGS: TSCO) on October 23, 2026, while raising its price target from $34.00 to $38.00. The research note joins recent updates from several other firms evaluating the rural lifestyle retailer. BNP Paribas has kept an active schedule of target adjustments across multiple equities recently.

TSCO Tractor Supply Company

$34.73 ▼ -30.33% year to date

1M 3M YTD

Daily close · Oct 22, 2026

BNP Paribas's Call on Tractor Supply

In its research note on October 23, 2026, BNP Paribas maintained its Outperform rating on the specialty retailer and moved its price target up to $38.00 from $34.00. This forward-looking view adds to a flurry of analyst updates for the company during October.

Other Institutional Activity in Tractor Supply

Capital International Investors grew its holdings by 13,579,210 shares, ending with 25,833,709 shares worth about $897,204,701 in its report dated June 30, 2026.

Tractor Supply Company Stock Up 6.2%

Tractor Supply shares recently traded at $34.73 as of October 23, 2026, sitting above its 50-day moving average of $33.58. The stock closed at $34.73 on October 22, 2026, and continues to trade below its 52-week high of $58.20.

Recent Earnings

Tractor Supply Company posted trailing-twelve-month revenue of $15,942,134,784.00 alongside trailing earnings of $1.86 per share. The company reported a net profit margin of 6.1% and a return on equity of 37.3%. Its revenue grew at a 5.1% clip year-over-year. The company carries an 18.67 P/E ratio and a forward P/E of 16.87. Management scheduled the next earnings announcement for January 28, 2027.

Dividend

Tractor Supply distributes an annual dividend rate of $0.96 per share, representing a 2.76% dividend yield. The company maintains a dividend payout ratio of 49.0%.

Insider Buying and Selling at Tractor Supply Company

Company insiders executed several stock purchases ahead of the autumn announcements. Director Andre J Hawaux bought 3,150 shares on August 3, 2026, worth $100,264.00. Director Edna K Morris acquired 1,560 shares on August 4, 2026, valued at $50,606.00. Chief Executive Officer Harry A Lawton III added 15,600 shares on August 4, 2026, totaling $501,524.00. Finally, Director Margaret M Ham purchased 84 shares on September 4, 2026, for $2,975.00.

Analysts Set New Price Targets

Wall Street firms adjusted their views on the stock through October. On October 19, 2026, Piper Sandler maintained a Neutral rating while lifting its target from $31.00 to $33.00. Wells Fargo maintained an Overweight rating on October 19, 2026, raising its target to $36.00 from $35.00. Truist Securities kept a Hold rating on October 19, 2026, moving its target from $32.00 to $33.00. Baird maintained an Outperform rating on October 23, 2026, raising its target from $38.00 to $40.00. Overall, the stock tracks a consensus buy recommendation across 27 analysts with a mean price target of $36.70.

About Tractor Supply Company

Tractor Supply Company operates retail stores across the United States catering to rural customers, farmers, and homeowners seeking maintenance products, livestock care items, and tools. The company's performance remains tied to consumer spending trends within the specialty retail sector.

Bottom Line

Investors will look ahead to Tractor Supply Company's next earnings report on January 28, 2027, for further updates on financial performance. Market participants continue to weigh institutional activity and shifting analyst price targets against broader consumer retail conditions.