Tractor Supply (NASDAQ:TSCO) Shares Down 5.1% – Time to Sell?

Tractor Supply Company (NASDAQ:TSCO) fell 5.1% during trading on Tuesday . The stock traded as low as $29.90 and last traded at $30.01. 3,668,422 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 8,472,144 shares. The stock had previously closed at $31.62.

Analyst Upgrades and Downgrades

Several brokerages have commented on TSCO. The Goldman Sachs Group lowered their price objective on Tractor Supply from $59.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Wells Fargo & Company cut their price target on Tractor Supply from $55.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Bank of America assumed coverage on Tractor Supply in a research note on Tuesday, April 7th. They set a “neutral” rating and a $47.00 price objective for the company. Gordon Haskett lowered their price target on Tractor Supply from $50.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Finally, Citigroup lowered their price target on Tractor Supply from $55.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Fourteen research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.19.

Tractor Supply Stock Down 5.7%

The company has a 50-day simple moving average of $39.80 and a 200 day simple moving average of $48.14. The company has a market cap of $15.64 billion, a P/E ratio of 14.62, a P/E/G ratio of 1.82 and a beta of 0.51. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86.

Tractor Supply (NASDAQ:TSCO) last announced 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). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period last year, the company earned $0.34 EPS. The business’s revenue 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. On average, equities analysts anticipate that Tractor Supply Company will post 2.14 EPS for the current year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is 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 presently 47.06%.

Institutional Investors Weigh In On Tractor Supply

A number of hedge funds have recently made changes to their positions in TSCO. Swedbank AB raised its stake in Tractor Supply by 3.3% in the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock valued at $56,470,000 after buying an additional 36,495 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Tractor Supply by 4.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock worth $56,086,000 after purchasing an additional 46,010 shares during the last quarter. Speece Thorson Capital Group Inc. grew its holdings in Tractor Supply by 22.0% during the fourth quarter. Speece Thorson Capital Group Inc. now owns 307,359 shares of the specialty retailer’s stock worth $15,371,000 after acquiring an additional 55,493 shares during the period. Wellington Management Group LLP raised its position in Tractor Supply by 1.6% during the third 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. Finally, First National Bank of Omaha purchased a new position in Tractor Supply during the third quarter valued at approximately $5,069,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

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.