Swedbank AB Has $55.70 Million Stake in Tractor Supply Company $TSCO

Swedbank AB raised its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 8.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,229,515 shares of the specialty retailer’s stock after acquiring an additional 100,333 shares during the quarter. Swedbank AB owned about 0.23% of Tractor Supply worth $55,697,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Stephens Investment Management Group LLC lifted its stake in shares of Tractor Supply by 11.3% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,516,861 shares of the specialty retailer’s stock valued at $68,714,000 after purchasing an additional 153,921 shares during the period. Kepler Cheuvreux Suisse SA acquired a new stake in Tractor Supply during the first quarter worth approximately $670,000. Howe & Rusling Inc. bought a new stake in Tractor Supply in the first quarter worth approximately $223,000. Montrusco Bolton Investments Inc. lifted its stake in Tractor Supply by 0.4% in the first quarter. Montrusco Bolton Investments Inc. now owns 1,290,454 shares of the specialty retailer’s stock valued at $58,458,000 after buying an additional 4,859 shares during the period. Finally, Cherokee Insurance Co lifted its stake in Tractor Supply by 8.1% in the first quarter. Cherokee Insurance Co now owns 26,700 shares of the specialty retailer’s stock valued at $1,210,000 after buying an additional 2,000 shares during the period. 98.72% of the stock is owned by institutional investors.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $30.43 on Wednesday. The company has a fifty day simple moving average of $31.18 and a 200 day simple moving average of $43.07. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $63.99. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86. The company has a market cap of $15.96 billion, a P/E ratio of 14.92, a PEG ratio of 2.29 and a beta of 0.46.

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 the consensus estimate of $0.35 by ($0.04). Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the company posted $0.34 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Sell-side analysts predict that Tractor Supply Company will post 2.11 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently commented on TSCO. Gordon Haskett raised their price objective on shares of Tractor Supply from $40.00 to $50.00 in a research report on Friday, June 12th. Wall Street Zen upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. The Goldman Sachs Group cut their target price on shares of Tractor Supply from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Mizuho decreased their price target on shares of Tractor Supply from $58.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Finally, Argus cut their price objective on shares of Tractor Supply from $64.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, Tractor Supply presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.31.

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.