Tractor Supply (NASDAQ:TSCO) Downgraded to “Hold” Rating by Mizuho

Mizuho lowered shares of Tractor Supply (NASDAQ:TSCO) from a strong-buy rating to a hold rating in a research report released on Thursday,Zacks.com reports.

TSCO has been the subject of several other reports. Wall Street Zen upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Gordon Haskett raised their price target on shares of Tractor Supply from $40.00 to $50.00 in a research report on Friday, June 12th. Truist Financial set a $32.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a report on Tuesday, June 16th. JPMorgan Chase & Co. reduced their target price on shares of Tractor Supply from $55.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Finally, Evercore reissued an “outperform” rating and set a $40.00 target price on shares of Tractor Supply in a research report on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $44.62.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $30.12 on Thursday. The company has a market cap of $15.80 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 2.24 and a beta of 0.46. The business has a 50 day moving average price of $30.95 and a 200 day moving average price of $42.76. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. Tractor Supply has a twelve month low of $28.36 and a twelve month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results 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 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 the consensus estimate of $3.64 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. 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. Research analysts predict that Tractor Supply will post 2.11 earnings per share for the current year.

Tractor Supply Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSCO. Wellington Management Group LLP lifted its position in shares of Tractor Supply by 1.6% during the 3rd quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock worth $1,474,736,000 after buying an additional 420,731 shares during the period. Capital International Investors grew its position in Tractor Supply by 3.9% in the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after acquiring an additional 902,659 shares during the period. State Street Corp raised its stake in Tractor Supply by 0.7% during the fourth quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock worth $1,152,819,000 after acquiring an additional 162,774 shares in the last quarter. Invesco Ltd. raised its stake in Tractor Supply by 18.4% during the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after acquiring an additional 2,706,819 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Tractor Supply by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock valued at $791,703,000 after acquiring an additional 184,457 shares during the period. Institutional investors own 98.72% of the company’s stock.

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.