Mitsubishi UFJ Asset Management Co. Ltd. Purchases 46,010 Shares of Tractor Supply Company $TSCO

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,103,395 shares of the specialty retailer’s stock after acquiring an additional 46,010 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Tractor Supply were worth $56,086,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Garner Asset Management Corp bought a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $25,000. Aventura Private Wealth LLC bought a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $27,000. JPL Wealth Management LLC bought a new stake in shares of Tractor Supply during the third quarter valued at approximately $28,000. Flagship Harbor Advisors LLC bought a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $35,000. Finally, First Horizon Corp bought a new stake in shares of Tractor Supply during the third quarter valued at approximately $44,000. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Down 3.4%

TSCO stock opened at $30.65 on Friday. The stock’s fifty day simple moving average is $44.54 and its two-hundred day simple moving average is $50.15. 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 Company has a 1-year low of $30.58 and a 1-year high of $63.99. The stock has a market cap of $16.12 billion, a P/E ratio of 15.02, a P/E/G ratio of 1.82 and a beta of 0.51.

Tractor Supply (NASDAQ:TSCO) last posted 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 during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the prior year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Analysts expect that Tractor Supply Company will post 2.14 EPS for the current year.

Tractor Supply Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were given a $0.24 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, February 24th. Tractor Supply’s payout ratio is presently 47.06%.

Insiders Place Their Bets

In other Tractor Supply news, EVP Colin Yankee sold 11,170 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $55.35, for a total value of $618,259.50. Following the transaction, the executive vice president owned 45,515 shares of the company’s stock, valued at approximately $2,519,255.25. The trade was a 19.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kurt D. Barton sold 1,884 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $53.81, for a total value of $101,378.04. Following the completion of the transaction, the chief financial officer directly owned 52,562 shares in the company, valued at approximately $2,828,361.22. This represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 135,749 shares of company stock worth $7,354,514 in the last ninety days. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wells Fargo & Company decreased their price objective on Tractor Supply from $55.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Loop Capital decreased their price objective on Tractor Supply from $51.00 to $41.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Barclays decreased their price objective on Tractor Supply from $51.00 to $44.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Daiwa Securities Group decreased their price objective on Tractor Supply from $52.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Finally, Stephens cut their target price on 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. Fourteen analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Tractor Supply has a consensus rating of “Moderate Buy” and an average target price of $47.38.

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.