Tractor Supply Company $TSCO Stake Lowered by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 7.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 278,586 shares of the specialty retailer’s stock after selling 22,637 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Tractor Supply were worth $12,620,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Advyzon Investment Management LLC grew its stake in Tractor Supply by 4.3% during the 4th quarter. Advyzon Investment Management LLC now owns 4,462 shares of the specialty retailer’s stock worth $223,000 after buying an additional 183 shares during the last quarter. Field & Main Bank lifted its stake in Tractor Supply by 1.1% in the fourth quarter. Field & Main Bank now owns 18,835 shares of the specialty retailer’s stock valued at $942,000 after buying an additional 200 shares during the last quarter. Oak Thistle LLC lifted its stake in Tractor Supply by 0.9% in the fourth quarter. Oak Thistle LLC now owns 24,911 shares of the specialty retailer’s stock valued at $1,246,000 after buying an additional 215 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Tractor Supply by 22.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,190 shares of the specialty retailer’s stock valued at $63,000 after acquiring an additional 220 shares during the period. Finally, Aptus Capital Advisors LLC boosted its holdings in shares of Tractor Supply by 0.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 56,698 shares of the specialty retailer’s stock valued at $2,835,000 after acquiring an additional 222 shares during the period. Institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TSCO. Loop Capital dropped their price objective on shares of Tractor Supply from $41.00 to $35.00 and set a “hold” rating on the stock in a report on Tuesday, June 16th. Stephens reduced their target price on shares of Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 22nd. Barclays set a $35.00 price target on Tractor Supply and gave the company an “equal weight” rating in a report on Monday, July 13th. BNP Paribas Exane reduced their price objective on Tractor Supply from $58.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, April 22nd. Finally, Truist Financial set a $32.00 price objective on Tractor Supply and gave the stock a “hold” rating in a report on Tuesday, June 16th. Thirteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Tractor Supply currently has a consensus rating of “Hold” and a consensus target price of $39.31.

Tractor Supply Stock Performance

Shares of TSCO opened at $30.77 on Monday. The firm has a 50-day moving average price of $30.58 and a 200 day moving average price of $40.48. The firm has a market capitalization of $16.14 billion, a PE ratio of 16.03, a P/E/G ratio of 10.01 and a beta of 0.47. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $62.89.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, sell-side analysts anticipate that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s dividend payout ratio (DPR) is currently 50.00%.

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.