CIBC Asset Management Inc Acquires 50,344 Shares of Tractor Supply Company $TSCO

CIBC Asset Management Inc boosted its position in Tractor Supply Company (NASDAQ:TSCO) by 67.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 124,654 shares of the specialty retailer’s stock after acquiring an additional 50,344 shares during the period. CIBC Asset Management Inc’s holdings in Tractor Supply were worth $6,234,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Garner Asset Management Corp bought a new stake in shares of Tractor Supply during the 4th quarter valued at about $25,000. Aventura Private Wealth LLC purchased a new position in Tractor Supply during the 4th quarter valued at about $27,000. Core Wealth Advisors LLC purchased a new position in Tractor Supply during the 4th quarter valued at about $27,000. JPL Wealth Management LLC purchased a new position in Tractor Supply during the 3rd quarter valued at about $28,000. Finally, Valley Wealth Managers Inc. purchased a new position in Tractor Supply in the fourth quarter worth about $32,000. Institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TSCO shares. Citigroup dropped their price objective on Tractor Supply from $55.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. TD Cowen reaffirmed a “hold” rating and set a $38.00 target price (down from $53.00) on shares of Tractor Supply in a report on Monday, April 27th. Gordon Haskett reduced their target price on shares of Tractor Supply from $50.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Piper Sandler lowered shares of Tractor Supply from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $51.00 to $36.00 in a research report on Tuesday, May 5th. Finally, Daiwa Securities Group dropped their price target on shares of Tractor Supply from $52.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Fourteen research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $46.81.

Tractor Supply Price Performance

TSCO stock opened at $29.78 on Friday. Tractor Supply Company has a 52 week low of $28.36 and a 52 week high of $63.99. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The company has a fifty day simple moving average of $36.90 and a two-hundred day simple moving average of $46.63. The firm has a market capitalization of $15.62 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 2.23 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last announced its 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). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The firm 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 company posted $0.34 EPS. The company’s 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. Analysts anticipate that Tractor Supply Company will post 2.14 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is 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 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.