BI Asset Management Fondsmaeglerselskab A S Lowers Stock Position in Tractor Supply Company $TSCO

BI Asset Management Fondsmaeglerselskab A S lessened its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 12.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,121,710 shares of the specialty retailer’s stock after selling 156,582 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Tractor Supply were worth $50,670,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of Tractor Supply by 1.6% in the third quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock worth $1,474,736,000 after acquiring an additional 420,731 shares during the period. Capital International Investors boosted its stake in shares of Tractor Supply by 3.9% during the 4th quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock worth $1,214,390,000 after acquiring an additional 902,659 shares in the last quarter. State Street Corp grew its position in shares of Tractor Supply by 0.7% during the 4th quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after acquiring an additional 162,774 shares during the period. Invesco Ltd. grew its position in shares of Tractor Supply by 18.4% during the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after acquiring an additional 2,706,819 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Tractor Supply by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock valued at $791,703,000 after purchasing an additional 184,457 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

TSCO stock opened at $30.24 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 firm has a 50-day simple moving average of $34.04 and a 200-day simple moving average of $45.01. The stock has a market capitalization of $15.86 billion, a P/E ratio of 14.82, a P/E/G ratio of 2.29 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The company’s quarterly 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. Equities analysts forecast that Tractor Supply Company will post 2.12 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.2%. Tractor Supply’s dividend payout ratio is presently 47.06%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TSCO shares. UBS Group reduced their price target on Tractor Supply from $55.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Daiwa Securities Group dropped their price objective on Tractor Supply from $52.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Loop Capital cut their price objective on Tractor Supply from $41.00 to $35.00 and set a “hold” rating for the company in a research report on Tuesday, June 16th. Raymond James Financial reduced their target price 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. Finally, Weiss Ratings lowered Tractor Supply from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.96.

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.