Franklin Resources Inc. Buys 2,086,472 Shares of Tractor Supply Company $TSCO

Franklin Resources Inc. lifted its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 37.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,705,579 shares of the specialty retailer’s stock after buying an additional 2,086,472 shares during the period. Franklin Resources Inc.’s holdings in Tractor Supply were worth $385,356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP boosted its position in Tractor Supply by 1.6% during the 3rd quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock valued at $1,474,736,000 after acquiring an additional 420,731 shares in the last quarter. Capital International Investors lifted its stake in shares of Tractor Supply by 3.9% in the 4th quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after purchasing an additional 902,659 shares during the period. Geode Capital Management LLC boosted its position in shares of Tractor Supply by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock valued at $791,703,000 after purchasing an additional 184,457 shares in the last quarter. Capital World Investors grew its stake in Tractor Supply by 2.3% in the fourth quarter. Capital World Investors now owns 15,157,047 shares of the specialty retailer’s stock worth $758,004,000 after purchasing an additional 336,040 shares during the period. Finally, Select Equity Group L.P. raised its holdings in Tractor Supply by 41.9% in 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. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Price Performance

TSCO opened at $30.14 on Tuesday. The firm has a market cap of $15.81 billion, a PE ratio of 14.77, a P/E/G ratio of 2.23 and a beta of 0.47. The stock has a 50-day moving average price of $36.59 and a 200-day moving average price of $46.42. Tractor Supply Company has a 1 year low of $28.36 and a 1 year high of $63.99. 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 (NASDAQ:TSCO) last released its quarterly earnings data 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). The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Sell-side analysts predict that Tractor Supply Company will post 2.14 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.96 annualized dividend and a yield of 3.2%. Tractor Supply’s dividend payout ratio is 47.06%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Evercore dropped their target price on shares of Tractor Supply from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Tuesday, May 19th. BNP Paribas Exane lowered their price target on shares of Tractor Supply from $58.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, April 22nd. Mizuho cut their price objective on shares of Tractor Supply from $58.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Bank of America started coverage on shares of Tractor Supply in a research note on Tuesday, April 7th. They set a “neutral” rating and a $47.00 target price for the company. Finally, Barclays lowered their target price on shares of Tractor Supply from $51.00 to $44.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Fourteen research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.42.

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.