Tractor Supply Company $TSCO Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its holdings in Tractor Supply Company (NASDAQ:TSCO) by 152.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 227,462 shares of the specialty retailer’s stock after buying an additional 137,270 shares during the period. Assenagon Asset Management S.A.’s holdings in Tractor Supply were worth $10,304,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. JPL Wealth Management LLC purchased a new position in Tractor Supply during the third quarter worth about $28,000. Garner Asset Management Corp acquired a new position in Tractor Supply during the fourth quarter worth $25,000. Reflection Asset Management acquired a new position in shares of Tractor Supply during the 4th quarter worth $26,000. Core Wealth Advisors LLC acquired a new position in shares of Tractor Supply during the 4th quarter worth $27,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Tractor Supply in the 4th quarter valued at about $27,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Price Performance

TSCO opened at $31.21 on Monday. The firm has a market cap of $16.37 billion, a P/E ratio of 15.30, a PEG ratio of 2.37 and a beta of 0.47. The business’s fifty day simple moving average is $32.55 and its 200 day simple moving average is $44.12. 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.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data 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 analysts’ expectations of $3.64 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. The firm’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. As a group, equities research analysts anticipate that Tractor Supply Company will post 2.11 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, May 27th. Tractor Supply’s payout ratio is 47.06%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TSCO. UBS Group reduced their price objective on shares of Tractor Supply from $55.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Stephens reduced their price target on shares of 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. Citigroup decreased their price target on Tractor Supply from $55.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Guggenheim restated a “buy” rating and issued a $50.00 price target (down from $60.00) on shares of Tractor Supply in a report on Friday, June 5th. Finally, Raymond James Financial dropped their price objective on Tractor Supply from $60.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.50.

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.