Swiss National Bank Has $70.25 Million Holdings in Tractor Supply Company $TSCO

Swiss National Bank grew its position in Tractor Supply Company (NASDAQ:TSCO) by 6.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,550,700 shares of the specialty retailer’s stock after acquiring an additional 98,500 shares during the period. Swiss National Bank’s holdings in Tractor Supply were worth $70,247,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Capital International Investors increased its holdings in Tractor Supply by 3.9% in the 4th quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock worth $1,214,390,000 after purchasing an additional 902,659 shares in the last quarter. State Street Corp boosted its stake in shares of Tractor Supply by 0.7% during the fourth quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after purchasing an additional 162,774 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Tractor Supply by 18.4% during the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after purchasing an additional 2,706,819 shares in the last quarter. Geode Capital Management LLC grew 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 worth $791,703,000 after purchasing an additional 184,457 shares during the last quarter. Finally, Capital World Investors grew its holdings in shares of Tractor Supply by 2.3% during the fourth quarter. Capital World Investors now owns 15,157,047 shares of the specialty retailer’s stock worth $758,004,000 after purchasing an additional 336,040 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of research reports. Morgan Stanley dropped their price objective on shares of Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Gordon Haskett boosted their target price on shares of Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. Stephens decreased their price target on shares of Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 22nd. Robert W. Baird dropped their price target on shares of Tractor Supply from $50.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Truist Financial set a $32.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a report on Tuesday, June 16th. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $40.88.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $29.64 on Wednesday. The stock has a market capitalization of $15.54 billion, a PE ratio of 14.53, a PEG ratio of 6.57 and a beta of 0.46. The business’s 50 day simple moving average is $30.64 and its 200 day simple moving average is $41.60. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16. Tractor Supply Company has a one year low of $28.36 and a one year high of $63.99.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. As a group, research analysts forecast that Tractor Supply Company will post 2.08 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 3.2%. Tractor Supply’s dividend payout ratio is 47.06%.

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.