Hsbc Holdings PLC Purchases 22,163 Shares of Tractor Supply Company $TSCO

Hsbc Holdings PLC boosted its position in Tractor Supply Company (NASDAQ:TSCO) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,486,935 shares of the specialty retailer’s stock after acquiring an additional 22,163 shares during the quarter. Hsbc Holdings PLC’s holdings in Tractor Supply were worth $74,336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of TSCO. JPL Wealth Management LLC acquired a new position in Tractor Supply during the 3rd quarter worth $28,000. Garner Asset Management Corp acquired a new stake in shares of Tractor Supply in the fourth quarter valued at about $25,000. Reflection Asset Management acquired a new stake in shares of Tractor Supply in the fourth quarter valued at about $26,000. Core Wealth Advisors LLC bought a new position in shares of Tractor Supply in the fourth quarter worth about $27,000. Finally, Aventura Private Wealth LLC bought a new position in shares of Tractor Supply in the fourth quarter worth about $27,000. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of TSCO opened at $31.76 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. The company has a 50-day simple moving average of $31.46 and a 200-day simple moving average of $43.46. Tractor Supply Company has a 52 week low of $28.36 and a 52 week high of $63.99. The firm has a market capitalization of $16.66 billion, a P/E ratio of 15.57, a P/E/G ratio of 2.41 and a beta of 0.46.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the business earned $0.34 earnings per share. The firm’s quarterly 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 research analysts expect 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. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, May 27th. Tractor Supply’s dividend payout ratio (DPR) is presently 47.06%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays decreased their target price on Tractor Supply from $51.00 to $44.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 22nd. Guggenheim reaffirmed a “buy” rating and issued a $50.00 price target (down from $60.00) on shares of Tractor Supply in a research report on Friday, June 5th. BNP Paribas Exane cut their price target on Tractor Supply from $58.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, April 22nd. Citigroup reduced their price objective on Tractor Supply from $55.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, Telsey Advisory Group reduced their price objective on Tractor Supply from $63.00 to $52.00 and set an “outperform” rating for the company in a research report on Wednesday, April 22nd. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.50.

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.