James Investment Research Inc. lowered its stake in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) by 76.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,577 shares of the specialty retailer’s stock after selling 18,541 shares during the period. James Investment Research Inc.’s holdings in Tractor Supply were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in Tractor Supply by 6.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock valued at $156,108,000 after purchasing an additional 184,146 shares in the last quarter. Swedbank AB boosted its position in shares of Tractor Supply by 3.3% during the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock worth $56,470,000 after purchasing an additional 36,495 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Tractor Supply by 44.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock valued at $36,364,000 after buying an additional 222,750 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Tractor Supply by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock valued at $56,086,000 after buying an additional 46,010 shares during the period. Finally, King Luther Capital Management Corp increased its position in shares of Tractor Supply by 1.6% in the 4th quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock valued at $119,410,000 after buying an additional 36,778 shares in the last quarter. 98.72% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Barclays reduced their target price on Tractor Supply from $51.00 to $44.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 22nd. BNP Paribas Exane cut their price objective on Tractor Supply from $58.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Stephens decreased their price objective on 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. Zacks Research raised Tractor Supply from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Jefferies Financial Group restated a “buy” rating and set a $51.00 target price on shares of Tractor Supply in a report on Tuesday, April 21st. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.50.
Tractor Supply Stock Performance
Shares of Tractor Supply stock opened at $31.76 on Friday. The firm has a market cap of $16.66 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.44 and a beta of 0.46. The stock’s 50-day moving average is $31.61 and its 200-day moving average is $43.54. Tractor Supply Company has a one year low of $28.36 and a one year high of $63.99. 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 data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the business posted $0.34 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Equities analysts predict that Tractor Supply Company will post 2.11 earnings per share for the current fiscal year.
Tractor Supply Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, May 27th. Tractor Supply’s dividend payout ratio (DPR) 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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