Swedbank AB Raises Stock Holdings in Tractor Supply Company $TSCO

Swedbank AB boosted its position in Tractor Supply Company (NASDAQ:TSCO) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,129,182 shares of the specialty retailer’s stock after purchasing an additional 36,495 shares during the quarter. Swedbank AB’s holdings in Tractor Supply were worth $56,470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in shares of Tractor Supply by 719.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,508,661 shares of the specialty retailer’s stock worth $256,408,000 after buying an additional 3,958,205 shares during the period. Select Equity Group L.P. boosted its stake 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 acquiring an additional 3,753,414 shares in the last quarter. APG Asset Management N.V. boosted its stake in Tractor Supply by 505.1% during the third quarter. APG Asset Management N.V. now owns 4,329,556 shares of the specialty retailer’s stock worth $246,222,000 after acquiring an additional 3,614,097 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 worth $137,721,000 after purchasing an additional 2,143,627 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Tractor Supply by 166.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,224,774 shares of the specialty retailer’s stock valued at $111,261,000 after purchasing an additional 1,388,762 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Transactions at Tractor Supply

In other Tractor Supply news, EVP Jonathan S. Estep sold 59,745 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $54.03, for a total transaction of $3,228,022.35. Following the completion of the sale, the executive vice president directly owned 80,931 shares in the company, valued at $4,372,701.93. The trade was a 42.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robert D. Mills sold 62,950 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the completion of the transaction, the executive vice president owned 122,834 shares in the company, valued at $6,647,776.08. This trade represents a 33.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 137,678 shares of company stock valued at $7,458,564. Corporate insiders own 0.64% of the company’s stock.

Tractor Supply Trading Down 0.5%

Shares of NASDAQ:TSCO opened at $32.53 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16. Tractor Supply Company has a 1 year low of $31.98 and a 1 year high of $63.99. The company has a market cap of $17.11 billion, a P/E ratio of 15.95, a PEG ratio of 1.88 and a beta of 0.51. The stock’s fifty day moving average price is $44.97 and its 200-day moving average price is $50.31.

Tractor Supply (NASDAQ:TSCO) last issued its 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 return on equity of 42.58% and a net margin of 6.91%.The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period last year, the firm posted $0.34 EPS. Tractor Supply’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. Sell-side analysts expect that Tractor Supply Company will post 2.14 earnings per share for the current year.

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, February 24th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. Tractor Supply’s payout ratio is currently 47.06%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TSCO shares. Mizuho lowered their target price on shares of Tractor Supply from $58.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, April 22nd. Daiwa Securities Group reduced their price objective on Tractor Supply from $52.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Raymond James Financial dropped their target price on Tractor Supply from $60.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Gordon Haskett lowered their price target on Tractor Supply from $50.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Tractor Supply from $55.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Tractor Supply currently has a consensus rating of “Moderate Buy” and an average price target of $47.38.

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.