Catalyst Funds Management Pty Ltd trimmed its holdings in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) by 44.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,450 shares of the specialty retailer’s stock after selling 21,600 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Tractor Supply were worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new stake in Tractor Supply during the 3rd quarter worth $28,000. Garner Asset Management Corp purchased a new stake in Tractor Supply during the 4th quarter worth $25,000. Aventura Private Wealth LLC purchased a new stake in Tractor Supply during the 4th quarter worth $27,000. Valley Wealth Managers Inc. purchased a new stake in Tractor Supply during the 4th quarter worth $32,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Tractor Supply during the 4th quarter worth $35,000. 98.72% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on TSCO. Zacks Research raised shares of Tractor Supply from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Wells Fargo & Company decreased their price objective on shares of Tractor Supply from $55.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Jefferies Financial Group reissued a “buy” rating and issued a $51.00 price objective on shares of Tractor Supply in a research report on Tuesday, April 21st. Stephens decreased their price objective on shares of Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 22nd. Finally, The Goldman Sachs Group decreased their price objective on shares of Tractor Supply from $59.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.19.
Tractor Supply Stock Down 0.2%
TSCO stock opened at $31.62 on Friday. The firm has a market cap of $16.58 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.82 and a beta of 0.51. Tractor Supply Company has a 1-year low of $29.42 and a 1-year high of $63.99. The firm has a fifty day moving average price of $40.13 and a two-hundred day moving average price of $48.32. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Research analysts predict that Tractor Supply Company will post 2.14 EPS for the current year.
Tractor Supply Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Wednesday, May 27th. Tractor Supply’s payout ratio is presently 47.06%.
About Tractor Supply
Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.
Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.
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