Sumitomo Mitsui Trust Group Inc. Sells 47,617 Shares of Tractor Supply Company $TSCO

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 4.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,151,465 shares of the specialty retailer’s stock after selling 47,617 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Tractor Supply were worth $52,161,000 at the end of the most recent quarter.

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

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $30.43 on Monday. The firm’s 50 day simple moving average is $30.86 and its 200 day simple moving average is $42.61. Tractor Supply Company has a fifty-two week low of $28.36 and a fifty-two week high of $63.99. The company has a market capitalization of $15.96 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 2.31 and a beta of 0.46. 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 issued its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the firm posted $0.34 EPS. 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. As a group, sell-side analysts forecast that Tractor Supply Company will post 2.11 earnings per share for the current year.

Tractor Supply Announces Dividend

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

Analyst Ratings Changes

TSCO has been the subject of a number of recent research reports. UBS Group dropped their price target on shares of Tractor Supply from $55.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Mizuho set a $32.00 target price on shares of Tractor Supply and gave the stock a “neutral” rating in a report on Thursday. Morgan Stanley dropped their target price on shares of Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 22nd. Robert W. Baird set a $60.00 price target on Tractor Supply and gave the company an “outperform” rating in a research note on Friday, April 17th. Finally, Telsey Advisory Group reduced their price target on Tractor Supply from $63.00 to $52.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd. Thirteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $44.62.

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.