Tractor Supply Company $TSCO Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its holdings in Tractor Supply Company (NASDAQ:TSCO) by 18.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 990,335 shares of the specialty retailer’s stock after buying an additional 157,253 shares during the period. Pictet Asset Management Holding SA owned approximately 0.19% of Tractor Supply worth $44,863,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Garner Asset Management Corp purchased a new position in Tractor Supply in the fourth quarter valued at $25,000. Reflection Asset Management acquired a new position in Tractor Supply during the 4th quarter worth $26,000. Aventura Private Wealth LLC purchased a new stake in Tractor Supply during the 4th quarter worth about $27,000. Core Wealth Advisors LLC purchased a new stake in Tractor Supply during the 4th quarter worth about $27,000. Finally, Bayban acquired a new stake in Tractor Supply in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $31.61 on Wednesday. The stock’s 50-day moving average is $32.01 and its two-hundred day moving average is $43.82. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. Tractor Supply Company has a 1 year low of $28.36 and a 1 year high of $63.99. The firm has a market cap of $16.58 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 2.36 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results 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). The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Analysts predict that Tractor Supply Company will post 2.11 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.0%. Tractor Supply’s dividend payout ratio (DPR) is 47.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TSCO shares. Bank of America initiated coverage on Tractor Supply in a research report on Tuesday, April 7th. They set a “neutral” rating and a $47.00 price objective for the company. Zacks Research raised shares of Tractor Supply from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Argus decreased their price target on shares of Tractor Supply from $64.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Citigroup dropped their price objective on shares of Tractor Supply from $55.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $51.00 price objective on shares of Tractor Supply in a report on Tuesday, April 21st. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

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.