Sheets Smith Wealth Management Reduces Position in Tractor Supply Company $TSCO

Sheets Smith Wealth Management reduced its position in Tractor Supply Company (NASDAQ:TSCO) by 13.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,896 shares of the specialty retailer’s stock after selling 32,329 shares during the quarter. Tractor Supply comprises approximately 1.0% of Sheets Smith Wealth Management’s portfolio, making the stock its 19th biggest position. Sheets Smith Wealth Management’s holdings in Tractor Supply were worth $9,146,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TSCO. E. Ohman J or Asset Management AB grew its position in Tractor Supply by 8.5% during the 1st quarter. E. Ohman J or Asset Management AB now owns 25,550 shares of the specialty retailer’s stock worth $1,157,000 after purchasing an additional 2,000 shares during the last quarter. Diversified Trust Co increased its stake in Tractor Supply by 361.3% in the first quarter. Diversified Trust Co now owns 26,233 shares of the specialty retailer’s stock valued at $1,188,000 after purchasing an additional 20,546 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Tractor Supply by 1.5% in the fourth quarter. Hsbc Holdings PLC now owns 1,486,935 shares of the specialty retailer’s stock valued at $74,336,000 after buying an additional 22,163 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Tractor Supply by 2.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 168,285 shares of the specialty retailer’s stock valued at $8,416,000 after buying an additional 3,923 shares during the last quarter. Finally, World Investment Advisors boosted its stake in shares of Tractor Supply by 66.2% during the fourth quarter. World Investment Advisors now owns 7,825 shares of the specialty retailer’s stock worth $391,000 after buying an additional 3,117 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $30.24 on Friday. The firm has a 50-day moving average price of $34.04 and a 200 day moving average price of $45.01. The stock has a market capitalization of $15.86 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 2.29 and a beta of 0.47. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. Tractor Supply Company has a 52 week low of $28.36 and a 52 week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Equities research analysts anticipate that Tractor Supply Company will post 2.12 EPS for the current fiscal year.

Tractor Supply Announces Dividend

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

Wall Street Analyst Weigh In

TSCO has been the topic of a number of research reports. Barclays lowered their price target on Tractor Supply from $51.00 to $44.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 22nd. Truist Financial set a $32.00 target price on Tractor Supply and gave the company a “hold” rating in a report on Tuesday. Evercore cut their price target on Tractor Supply from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Tuesday, May 19th. Stephens lowered their price objective on shares of Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 22nd. Finally, Weiss Ratings cut shares of Tractor Supply from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Fourteen research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.96.

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.