Allstate Corp Buys 19,332 Shares of Tractor Supply Company $TSCO

Allstate Corp grew its stake in Tractor Supply Company (NASDAQ:TSCO) by 99.4% during the fourth quarter, Holdings Channel reports. The firm owned 38,774 shares of the specialty retailer’s stock after purchasing an additional 19,332 shares during the period. Allstate Corp’s holdings in Tractor Supply were worth $1,939,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TSCO. Field & Main Bank boosted its holdings in Tractor Supply by 1.1% during the fourth quarter. Field & Main Bank now owns 18,835 shares of the specialty retailer’s stock worth $942,000 after purchasing an additional 200 shares during the last quarter. Oak Thistle LLC boosted its holdings in Tractor Supply by 0.9% during the fourth quarter. Oak Thistle LLC now owns 24,911 shares of the specialty retailer’s stock worth $1,246,000 after purchasing an additional 215 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in Tractor Supply by 5.1% during the third quarter. Vestmark Advisory Solutions Inc. now owns 4,514 shares of the specialty retailer’s stock worth $257,000 after purchasing an additional 218 shares during the last quarter. Johnson Investment Counsel Inc. boosted its holdings in Tractor Supply by 1.7% during the third quarter. Johnson Investment Counsel Inc. now owns 12,771 shares of the specialty retailer’s stock worth $726,000 after purchasing an additional 219 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Tractor Supply by 22.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,190 shares of the specialty retailer’s stock worth $63,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $31.37 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. Tractor Supply Company has a 52-week low of $29.42 and a 52-week high of $63.99. The firm has a market capitalization of $16.45 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 2.29 and a beta of 0.51. The stock has a fifty day moving average of $38.77 and a 200 day moving average of $47.65.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 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 company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the prior year, the firm earned $0.34 EPS. Tractor Supply’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. On average, research analysts expect that Tractor Supply Company will post 2.14 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently declared 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 3.1%. The ex-dividend date of this dividend is Wednesday, May 27th. Tractor Supply’s payout ratio is currently 47.06%.

Wall Street Analysts Forecast Growth

TSCO has been the topic of several research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Tractor Supply in a research report on Tuesday, April 21st. TD Cowen reissued a “hold” rating and issued a $38.00 target price (down from $53.00) on shares of Tractor Supply in a research report on Monday, April 27th. Truist Financial set a $44.00 target price on Tractor Supply and gave the stock a “hold” rating in a research report on Tuesday, April 21st. Stephens lowered their price target on shares of Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 22nd. Finally, Argus lowered their price target on shares of Tractor Supply from $64.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $47.19.

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.