BLI Banque de Luxembourg Investments Sells 39,000 Shares of Tractor Supply Company $TSCO

BLI Banque de Luxembourg Investments reduced its holdings in Tractor Supply Company (NASDAQ:TSCO) by 21.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 140,600 shares of the specialty retailer’s stock after selling 39,000 shares during the quarter. BLI Banque de Luxembourg Investments’ holdings in Tractor Supply were worth $7,079,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TSCO. Swedbank AB lifted its stake in shares of Tractor Supply by 3.3% in the 4th quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock valued at $56,470,000 after purchasing an additional 36,495 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake 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 purchasing an additional 222,750 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake 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 purchasing an additional 46,010 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Tractor Supply by 6.3% in the 4th 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 during the period. Finally, Speece Thorson Capital Group Inc. raised its stake in Tractor Supply by 22.0% during the fourth quarter. Speece Thorson Capital Group Inc. now owns 307,359 shares of the specialty retailer’s stock valued at $15,371,000 after buying an additional 55,493 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $30.14 on Tuesday. The stock has a 50-day simple moving average of $36.59 and a two-hundred day simple moving average of $46.42. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $63.99. 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 firm has a market capitalization of $15.81 billion, a PE ratio of 14.77, a P/E/G ratio of 2.23 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) 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 company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the firm posted $0.34 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Analysts forecast that Tractor Supply Company will post 2.14 EPS for the current 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 issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, May 27th. Tractor Supply’s payout ratio is currently 47.06%.

Analysts Set New Price Targets

TSCO has been the subject of a number of recent research reports. Truist Financial set a $44.00 price objective on Tractor Supply and gave the company a “hold” rating in a research note on Tuesday, April 21st. Barclays lowered their price objective on Tractor Supply from $51.00 to $44.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 22nd. Morgan Stanley lowered their price objective on Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 22nd. Evercore lowered their price objective on Tractor Supply from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Tuesday, May 19th. Finally, BNP Paribas Exane lowered their price objective on Tractor Supply from $58.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Fourteen research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.42.

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.