Legal & General Group Plc lessened its holdings in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,900,001 shares of the specialty retailer’s stock after selling 209,405 shares during the period. Legal & General Group Plc’s holdings in Tractor Supply were worth $195,039,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. JPL Wealth Management LLC acquired a new position in shares of Tractor Supply during the 3rd quarter worth about $28,000. Garner Asset Management Corp acquired a new position in shares of Tractor Supply during the 4th quarter worth about $25,000. Aventura Private Wealth LLC acquired a new position in shares of Tractor Supply during the 4th quarter worth about $27,000. Valley Wealth Managers Inc. acquired a new position in shares of Tractor Supply during the 4th quarter worth about $32,000. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Tractor Supply during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 98.72% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. The Goldman Sachs Group cut their price target on Tractor Supply from $59.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Daiwa Securities Group cut their price target on Tractor Supply from $52.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Zacks Research raised Tractor Supply from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Wolfe Research reaffirmed an “outperform” rating and issued a $57.00 price target on shares of Tractor Supply in a report on Friday, January 30th. Finally, Raymond James Financial cut their price target on Tractor Supply from $60.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, April 22nd. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, Tractor Supply has a consensus rating of “Moderate Buy” and a consensus target price of $47.19.
Tractor Supply Trading Up 2.9%
TSCO stock opened at $30.67 on Thursday. Tractor Supply Company has a 1-year low of $29.42 and a 1-year high of $63.99. The firm has a market cap of $16.08 billion, a P/E ratio of 15.03, a P/E/G ratio of 2.23 and a beta of 0.51. The business’s 50 day moving average is $39.09 and its 200-day moving average is $47.81. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share 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 company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Equities analysts anticipate that Tractor Supply Company will post 2.14 earnings per share for the current fiscal year.
Tractor Supply Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, May 27th. Tractor Supply’s dividend payout ratio is currently 47.06%.
Tractor Supply Company Profile
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.
Further Reading
- Five stocks we like better than Tractor Supply
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply Company (NASDAQ:TSCO – Free Report).
Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.
