First Trust Advisors LP Has $43.48 Million Stock Holdings in Tractor Supply Company $TSCO

First Trust Advisors LP lifted its position in Tractor Supply Company (NASDAQ:TSCO) by 19.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 959,913 shares of the specialty retailer’s stock after purchasing an additional 157,180 shares during the quarter. First Trust Advisors LP’s holdings in Tractor Supply were worth $43,484,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in Tractor Supply by 6.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock valued at $156,108,000 after purchasing an additional 184,146 shares during the last quarter. Swedbank AB grew its holdings in shares of Tractor Supply by 3.3% during the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock worth $56,470,000 after purchasing an additional 36,495 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Tractor Supply by 44.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock worth $36,364,000 after purchasing an additional 222,750 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Tractor Supply by 4.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock valued at $56,086,000 after buying an additional 46,010 shares in the last quarter. Finally, King Luther Capital Management Corp increased its stake in shares of Tractor Supply by 1.6% in the fourth quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock valued at $119,410,000 after buying an additional 36,778 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Trading Up 2.5%

TSCO stock opened at $31.80 on Tuesday. The company has a market cap of $16.68 billion, a P/E ratio of 16.56, a PEG ratio of 7.01 and a beta of 0.46. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $62.89. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83. The business has a fifty day moving average of $30.63 and a 200-day moving average of $41.04.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results 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 analyst estimates of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.81 EPS. 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 1.99 EPS for the current year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a yield of 3.0%. Tractor Supply’s dividend payout ratio is presently 50.00%.

Analyst Ratings Changes

TSCO has been the subject of a number of research analyst reports. Barclays set a $35.00 price target on Tractor Supply and gave the company an “equal weight” rating in a report on Monday, July 13th. Evercore restated an “outperform” rating and issued a $40.00 price objective on shares of Tractor Supply in a research report on Tuesday, July 7th. Raymond James Financial lowered their price objective on shares of Tractor Supply from $48.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Loop Capital dropped their target price on shares of Tractor Supply from $41.00 to $35.00 and set a “hold” rating for the company in a research note on Tuesday, June 16th. Finally, Zacks Research lowered shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Thirteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $39.65.

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.