Renaissance Technologies LLC Has $8.96 Million Stake in Tractor Supply Company $TSCO

Renaissance Technologies LLC reduced its holdings in Tractor Supply Company (NASDAQ:TSCOFree Report) by 84.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 197,700 shares of the specialty retailer’s stock after selling 1,034,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Tractor Supply were worth $8,956,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSCO. Morningstar Investment Management LLC boosted its position in shares of Tractor Supply by 19.2% in the 1st quarter. Morningstar Investment Management LLC now owns 17,128 shares of the specialty retailer’s stock worth $776,000 after purchasing an additional 2,763 shares during the last quarter. Wills Financial Group LLC lifted its stake in Tractor Supply by 47.2% in the first quarter. Wills Financial Group LLC now owns 37,164 shares of the specialty retailer’s stock valued at $1,684,000 after buying an additional 11,913 shares during the period. Inceptionr LLC acquired a new position in Tractor Supply in the first quarter valued at about $411,000. Gibbs Wealth Management boosted its holdings in Tractor Supply by 161.9% during the first quarter. Gibbs Wealth Management now owns 14,074 shares of the specialty retailer’s stock worth $638,000 after buying an additional 8,701 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Tractor Supply by 40.2% in the 1st quarter. Sei Investments Co. now owns 305,512 shares of the specialty retailer’s stock valued at $13,840,000 after acquiring an additional 87,653 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Zacks Research downgraded shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Guggenheim set a $40.00 target price on shares of Tractor Supply and gave the company a “buy” rating in a research note on Friday, July 24th. Jefferies Financial Group reiterated a “buy” rating and issued a $51.00 target price on shares of Tractor Supply in a report on Tuesday, April 21st. Gordon Haskett lifted their price target on shares of Tractor Supply from $40.00 to $50.00 in a research report on Friday, June 12th. Finally, Loop Capital decreased their price target on shares of Tractor Supply from $41.00 to $35.00 and set a “hold” rating for the company in a report on Tuesday, June 16th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.31.

Read Our Latest Analysis on Tractor Supply

Tractor Supply Price Performance

NASDAQ TSCO opened at $30.77 on Monday. The business has a 50 day simple moving average of $30.58 and a 200 day simple moving average of $40.48. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $62.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 10.01 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCOGet Free Report) last announced its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter last year, the business posted $0.81 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Analysts anticipate that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s dividend payout ratio (DPR) is presently 50.00%.

About Tractor Supply

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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