Bank of New York Mellon Corp Has $153.93 Million Stake in Tractor Supply Company $TSCO

Bank of New York Mellon Corp trimmed its position in Tractor Supply Company (NASDAQ:TSCO) by 11.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,077,899 shares of the specialty retailer’s stock after selling 411,561 shares during the period. Bank of New York Mellon Corp’s holdings in Tractor Supply were worth $153,926,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Bison Wealth LLC grew its position in Tractor Supply by 356.1% in the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after acquiring an additional 5,017 shares during the period. Woodline Partners LP grew its position in Tractor Supply by 40.7% in the first quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock valued at $2,487,000 after acquiring an additional 13,051 shares during the period. Intech Investment Management LLC grew its position in Tractor Supply by 26.9% in the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock valued at $1,442,000 after acquiring an additional 5,542 shares during the period. Sei Investments Co. grew its position in Tractor Supply by 1.2% in the second quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock valued at $16,676,000 after acquiring an additional 3,631 shares during the period. Finally, Glenview Trust co grew its position in Tractor Supply by 36.0% in the second quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock valued at $1,036,000 after acquiring an additional 5,194 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Daiwa Securities Group lowered their price target on Tractor Supply from $52.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Weiss Ratings cut Tractor Supply from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 8th. Stephens decreased their target price on Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 22nd. BNP Paribas Exane decreased their target price on Tractor Supply from $58.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Finally, Telsey Advisory Group decreased their target price on Tractor Supply from $63.00 to $52.00 and set an “outperform” rating on the stock in a report 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.81.

Tractor Supply Price Performance

Tractor Supply stock opened at $29.78 on Friday. The business’s 50-day simple moving average is $36.90 and its 200 day simple moving average is $46.63. The stock has a market cap of $15.62 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 2.23 and a beta of 0.47. Tractor Supply Company has a 12-month low of $28.36 and a 12-month 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 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 firm had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. Tractor Supply’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, research analysts anticipate that Tractor Supply Company will post 2.14 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.96 annualized dividend and a yield of 3.2%. Tractor Supply’s dividend payout ratio (DPR) is currently 47.06%.

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.