Tractor Supply Company $TSCO Shares Bought by Carnegie Investment Counsel

Carnegie Investment Counsel raised its position in Tractor Supply Company (NASDAQ:TSCO) by 14.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 263,179 shares of the specialty retailer’s stock after buying an additional 32,583 shares during the period. Carnegie Investment Counsel owned about 0.05% of Tractor Supply worth $11,922,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TSCO. Norges Bank acquired a new stake in shares of Tractor Supply during the 4th quarter valued at about $303,862,000. Select Equity Group L.P. boosted its position in Tractor Supply by 41.9% during the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock worth $670,887,000 after purchasing an additional 3,753,414 shares in the last quarter. Invesco Ltd. boosted its position in Tractor Supply by 18.4% during the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after purchasing an additional 2,706,819 shares in the last quarter. Holocene Advisors LP grew its holdings in Tractor Supply by 771.0% in the third quarter. Holocene Advisors LP now owns 2,421,674 shares of the specialty retailer’s stock valued at $137,721,000 after purchasing an additional 2,143,627 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Tractor Supply by 37.1% in the fourth quarter. Franklin Resources Inc. now owns 7,705,579 shares of the specialty retailer’s stock valued at $385,356,000 after buying an additional 2,086,472 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Price Performance

TSCO stock traded up $0.31 during midday trading on Friday, reaching $30.43. The stock had a trading volume of 5,159,093 shares, compared to its average volume of 11,773,303. The company’s fifty day simple moving average is $30.86 and its 200 day simple moving average is $42.68. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86. The company has a market cap of $15.96 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 2.31 and a beta of 0.46. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 42.58% and a net margin of 6.91%.Tractor Supply’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, sell-side analysts predict that Tractor Supply Company will post 2.11 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were paid 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 was Wednesday, May 27th. Tractor Supply’s dividend payout ratio is currently 47.06%.

Analyst Upgrades and Downgrades

TSCO has been the topic of a number of recent analyst reports. Bank of America started coverage on Tractor Supply in a research report on Tuesday, April 7th. They set a “neutral” rating and a $47.00 target price on the stock. Truist Financial set a $32.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a report on Tuesday, June 16th. TD Cowen restated a “hold” rating and set a $38.00 price objective (down from $53.00) on shares of Tractor Supply in a research report on Monday, April 27th. The Goldman Sachs Group decreased their price objective on shares of Tractor Supply from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Finally, Argus dropped their target price on shares of Tractor Supply from $64.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Thirteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tractor Supply currently has an average rating of “Hold” and a consensus price target of $44.62.

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.