Hsbc Holdings PLC grew its position in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,486,935 shares of the specialty retailer’s stock after purchasing an additional 22,163 shares during the period. Hsbc Holdings PLC’s holdings in Tractor Supply were worth $74,336,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Tractor Supply in the fourth quarter worth about $303,862,000. Victory Capital Management Inc. increased its stake in Tractor Supply by 719.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,508,661 shares of the specialty retailer’s stock worth $256,408,000 after acquiring an additional 3,958,205 shares during the last quarter. Select Equity Group L.P. increased its stake in Tractor Supply by 41.9% in the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock worth $670,887,000 after acquiring an additional 3,753,414 shares during the last quarter. APG Asset Management N.V. raised its holdings in shares of Tractor Supply by 505.1% during the 3rd quarter. APG Asset Management N.V. now owns 4,329,556 shares of the specialty retailer’s stock worth $246,222,000 after acquiring an additional 3,614,097 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Tractor Supply by 18.4% during the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after acquiring an additional 2,706,819 shares in the last quarter. 98.72% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on TSCO shares. TD Cowen reiterated a “hold” rating and set a $38.00 target price (down from $53.00) on shares of Tractor Supply in a research report on Monday, April 27th. Guggenheim reaffirmed a “buy” rating and set a $50.00 price target (down from $60.00) on shares of Tractor Supply in a research note on Friday, June 5th. Weiss Ratings lowered shares of Tractor Supply from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. The Goldman Sachs Group dropped their price objective on shares of Tractor Supply from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday. Finally, Mizuho reduced their target price on shares of Tractor Supply from $58.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Fourteen research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Tractor Supply presently has an average rating of “Moderate Buy” and a consensus target price of $45.50.
Tractor Supply Price Performance
Shares of Tractor Supply stock opened at $29.81 on Tuesday. The stock has a market cap of $15.63 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 2.29 and a beta of 0.47. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. The stock has a 50 day moving average price of $33.72 and a 200-day moving average price of $44.78. Tractor Supply Company has a one year low of $28.36 and a one year high of $63.99.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last released its quarterly earnings results 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). The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Equities analysts expect that Tractor Supply Company will post 2.12 EPS for the current year.
Tractor Supply Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.96 annualized dividend and a dividend yield of 3.2%. Tractor Supply’s dividend payout ratio is currently 47.06%.
Tractor Supply 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.
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