Guggenheim Lowers Price Target for Tractor Supply (NASDAQ: TSCO) Amid Q2 Miss

• Guggenheim has reduced its price target for Tractor Supply (NASDAQ: TSCO) to $40.00, suggesting a potential upside of 31.93% despite recent challenges.
• The company's second-quarter results fell short of analyst expectations, with adjusted earnings of $0.81 per share and net sales of $4.50 billion missing forecasts.
• In response to the performance, Tractor Supply has revised its 2026 sales growth outlook downwards and plans to close approximately 75 underperforming Petsense stores.

On July 24, 2026, analyst firm Guggenheim lowers its price target for Tractor Supply to $40.00. Tractor Supply is a major U.S. retailer focused on the rural lifestyle. It provides products for home improvement, agriculture, and livestock and pet care. Its competitors include large home improvement chains and specialized farm supply stores.

At the time of the announcement, Tractor Supply trades at $30.32 per share. The new price target of $40.00 represents a potential upside of 31.93% from its current price. This suggests the analyst firm believes the stock has room to grow despite recent challenges the company faces in the market.

The price target change follows second-quarter results that fall below analyst expectations. As highlighted by Zacks, the company reports adjusted earnings of $0.81 per share, just missing the consensus estimate of $0.83. Net sales, while up 2.3% to $4.50 billion, also miss the $4.60 billion forecast.

A significant factor in the performance is a 1.5% decline in comparable-store sales. This important metric measures sales at stores open for at least one year. The drop comes from a 1.7% decrease in customer transactions, meaning fewer shoppers are visiting established stores, a weakness particularly noted in May.

Due to these results, Tractor Supply lowers its financial outlook for 2026. As highlighted by The Wall Street Journal, the company now projects sales growth between 2.5% and 3.5%, down from a prior forecast of 4.0% to 6.0%. The company also announces the closure of approximately 75 underperforming Petsense stores.