Tractor Supply Company $TSCO Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 7.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,586 shares of the specialty retailer’s stock after selling 22,637 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of Tractor Supply worth $12,620,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSCO. SummitTX Capital L.P. purchased a new stake in shares of Tractor Supply during the first quarter worth about $5,566,000. Gateway Wealth Partners LLC acquired a new position in shares of Tractor Supply in the first quarter worth about $292,000. Waverly Advisors LLC boosted its holdings in Tractor Supply by 2.4% in the first quarter. Waverly Advisors LLC now owns 31,044 shares of the specialty retailer’s stock valued at $1,406,000 after purchasing an additional 742 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Tractor Supply by 58.9% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 33,201 shares of the specialty retailer’s stock valued at $1,504,000 after purchasing an additional 12,313 shares during the last quarter. Finally, Morningstar Investment Management LLC grew its stake in Tractor Supply by 19.2% during the 1st quarter. Morningstar Investment Management LLC now owns 17,128 shares of the specialty retailer’s stock valued at $776,000 after purchasing an additional 2,763 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $30.77 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 10.01 and a beta of 0.47. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $62.89. The business has a 50 day simple moving average of $30.58 and a 200-day simple moving average of $40.48.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, equities research analysts expect that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s dividend payout ratio (DPR) is presently 50.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TSCO shares. UBS Group set a $33.00 target price on Tractor Supply and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Gordon Haskett raised their price target on shares of Tractor Supply from $40.00 to $50.00 in a research report on Friday, June 12th. Mizuho set a $28.00 price target on shares of Tractor Supply and gave the stock a “neutral” rating in a research note on Friday, July 24th. Truist Financial set a $32.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a report on Tuesday, June 16th. Finally, Daiwa Securities Group reduced their price objective on shares of Tractor Supply from $52.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.31.

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.