Tractor Supply Company (NASDAQ:TSCO) is included among the 15 High Quality Dividend Stocks for Long-Term Investors.
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On November 24, Jefferies analyst Jonathan Matuszewski upgraded Tractor Supply Company (NASDAQ:TSCO) to Buy from Hold, raising the price target to $64 from $58. The analyst noted that the shares could serve as a “hedge” to the ongoing consumer uncertainty. He also highlighted that Tractor’s customer base is resilient and its “needle-moving growth initiatives” are gaining traction. Jefferies added that the stock’s current valuation discount to its historical average is “confounding.”
In the third quarter of 2025, Tractor Supply Company (NASDAQ:TSCO)’s comparable store sales rose 3.9% year over year, driven by increases in both transactions and average ticket size. Transaction count grew 2.7% while the average ticket increased 1.2%. Combined with new store openings and a recent acquisition, these factors pushed net sales up 7.2% to $3.72 billion.
For the fourth quarter, Tractor Supply Company (NASDAQ:TSCO) is expecting comparable sales growth between 1% and 5%. The midpoint of this range aligns with the company’s long-term same-store sales algorithm and suggests that sequential momentum could continue if seasonal categories perform as expected.
Tractor Supply Company (NASDAQ:TSCO)’s dividend represents about 44% of earnings, leaving room for continued growth even if earnings slow. The company has a strong track record as a dividend payer, with 16 consecutive years of dividend increases.
Tractor Supply Company (NASDAQ:TSCO) offers a wide range of products and services for recreational farmers, ranchers, and pet owners, including animal feed and supplies, power equipment, lawn and garden tools, and clothing.
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Disclosure: None.