Hsbc Holdings PLC Lowers Stock Position in Tractor Supply Company $TSCO

Hsbc Holdings PLC cut its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,467,929 shares of the specialty retailer’s stock after selling 19,006 shares during the quarter. Hsbc Holdings PLC’s holdings in Tractor Supply were worth $66,461,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new position in shares of Tractor Supply in the third quarter worth approximately $28,000. Garner Asset Management Corp bought a new stake in shares of Tractor Supply during the 4th quarter valued at $25,000. Reflection Asset Management purchased a new position in shares of Tractor Supply during the 4th quarter valued at $26,000. Core Wealth Advisors LLC purchased a new position in shares of Tractor Supply during the 4th quarter valued at $27,000. Finally, Aventura Private Wealth LLC bought a new position in Tractor Supply in the 4th quarter worth $27,000. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO opened at $30.51 on Monday. The company has a market cap of $16.00 billion, a P/E ratio of 14.96, a P/E/G ratio of 2.35 and a beta of 0.46. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $63.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. The firm’s fifty day moving average is $30.65 and its two-hundred day moving average is $41.88.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). The company 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% on a year-over-year basis. During the same period last year, the company earned $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, analysts anticipate that Tractor Supply Company will post 2.08 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a yield of 3.1%. Tractor Supply’s dividend payout ratio is presently 47.06%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TSCO. Wells Fargo & Company decreased their price target on Tractor Supply from $47.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Wall Street Zen lowered Tractor Supply from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Piper Sandler set a $32.00 target price on Tractor Supply and gave the stock a “neutral” rating in a research report on Tuesday, June 16th. Truist Financial set a $32.00 target price on Tractor Supply and gave the company a “hold” rating in a research note on Tuesday, June 16th. Finally, Wolfe Research set a $34.00 price target on Tractor Supply in a report on Thursday. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.73.

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.