Bank of New York Mellon Corp Lowers Holdings in Tractor Supply Company $TSCO

Bank of New York Mellon Corp cut its position in Tractor Supply Company (NASDAQ:TSCO) by 6.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,868,626 shares of the specialty retailer’s stock after selling 209,273 shares during the quarter. Bank of New York Mellon Corp’s holdings in Tractor Supply were worth $129,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Checchi Capital Advisers LLC grew its position in Tractor Supply by 6.2% during the first quarter. Checchi Capital Advisers LLC now owns 6,172 shares of the specialty retailer’s stock worth $280,000 after buying an additional 362 shares in the last quarter. ABC Arbitrage SA increased its position in shares of Tractor Supply by 13.1% in the first quarter. ABC Arbitrage SA now owns 4,963 shares of the specialty retailer’s stock worth $225,000 after purchasing an additional 574 shares during the last quarter. Nicholson Wealth Management Group LLC raised its stake in Tractor Supply by 2.0% in the first quarter. Nicholson Wealth Management Group LLC now owns 32,847 shares of the specialty retailer’s stock valued at $1,488,000 after purchasing an additional 647 shares in the last quarter. Mattern Capital Management LLC raised its stake in Tractor Supply by 1.7% in the first quarter. Mattern Capital Management LLC now owns 197,679 shares of the specialty retailer’s stock valued at $8,955,000 after purchasing an additional 3,368 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Tractor Supply by 2.6% during the first quarter. Principal Financial Group Inc. now owns 698,568 shares of the specialty retailer’s stock valued at $31,645,000 after purchasing an additional 17,914 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Tractor Supply Stock Performance

Tractor Supply stock opened at $30.51 on Monday. 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 market capitalization of $16.00 billion, a PE ratio of 14.96, a P/E/G ratio of 2.35 and a beta of 0.46. The firm has a fifty day simple moving average of $30.65 and a two-hundred day simple moving average of $41.88. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last posted 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). The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Research analysts expect that Tractor Supply Company will post 2.08 EPS for the current year.

Tractor Supply Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on TSCO shares. Daiwa Securities Group cut 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 note on Thursday, April 23rd. Evercore reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Tractor Supply in a report on Tuesday, July 7th. Stephens cut their target price 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. Zacks Research cut Tractor Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, Wall Street Zen downgraded Tractor Supply from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Thirteen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $41.73.

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.