Forsta AP Fonden Trims Position in Tractor Supply Company $TSCO

Forsta AP Fonden lessened its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 272,600 shares of the specialty retailer’s stock after selling 25,800 shares during the quarter. Forsta AP Fonden’s holdings in Tractor Supply were worth $13,633,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Garner Asset Management Corp acquired a new stake in shares of Tractor Supply during the 4th quarter worth $25,000. Aventura Private Wealth LLC acquired a new stake in shares of Tractor Supply during the 4th quarter worth $27,000. JPL Wealth Management LLC acquired a new stake in shares of Tractor Supply during the 3rd quarter worth $28,000. Valley Wealth Managers Inc. acquired a new stake in shares of Tractor Supply during the 4th quarter worth $32,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Tractor Supply during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSCO. TD Cowen restated a “hold” rating and set a $38.00 price objective (down from $53.00) on shares of Tractor Supply in a report on Monday, April 27th. JPMorgan Chase & Co. dropped their price objective on Tractor Supply from $55.00 to $48.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Barclays dropped their price objective on Tractor Supply from $51.00 to $44.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Robert W. Baird set a $60.00 price objective on Tractor Supply and gave the stock an “outperform” rating in a report on Friday, April 17th. Finally, Guggenheim restated a “buy” rating and set a $60.00 price objective (down from $65.00) on shares of Tractor Supply in a report on Thursday, April 23rd. Fourteen research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, Tractor Supply has a consensus rating of “Moderate Buy” and an average target price of $47.19.

Tractor Supply Stock Up 0.5%

Shares of NASDAQ TSCO opened at $31.53 on Friday. Tractor Supply Company has a 12-month low of $29.42 and a 12-month high of $63.99. The company has a market cap of $16.54 billion, a P/E ratio of 15.46, a P/E/G ratio of 2.36 and a beta of 0.51. 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 stock has a fifty day moving average price of $38.48 and a 200 day moving average price of $47.54.

Tractor Supply (NASDAQ:TSCO) last announced 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). 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 analyst estimates of $3.64 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Research analysts anticipate that Tractor Supply Company will post 2.14 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business 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. This represents a $0.96 annualized dividend and a yield of 3.0%. The ex-dividend date is Wednesday, May 27th. Tractor Supply’s dividend payout ratio is currently 47.06%.

Tractor Supply Company 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.