Sheets Smith Wealth Management Reduces Stock Position in Tractor Supply Company $TSCO

Sheets Smith Wealth Management decreased its position in Tractor Supply Company (NASDAQ:TSCO) by 13.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 201,896 shares of the specialty retailer’s stock after selling 32,329 shares during the quarter. Tractor Supply comprises about 1.0% of Sheets Smith Wealth Management’s holdings, making the stock its 19th largest position. Sheets Smith Wealth Management’s holdings in Tractor Supply were worth $9,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSCO. Wellington Management Group LLP grew its holdings in shares of Tractor Supply by 1.6% during the third 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 in the last quarter. Capital International Investors boosted its position in Tractor Supply by 3.9% during the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock worth $1,214,390,000 after acquiring an additional 902,659 shares during the last quarter. State Street Corp boosted its position 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 during the last quarter. Invesco Ltd. grew its stake in Tractor Supply by 18.4% in the 4th 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 during the period. Finally, Geode Capital Management LLC grew its stake in Tractor Supply by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock worth $791,703,000 after acquiring an additional 184,457 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays cut their price target on Tractor Supply from $51.00 to $44.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. BNP Paribas Exane lowered 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. Stephens lowered their price objective on 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. JPMorgan Chase & Co. dropped their target price on 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, DA Davidson reduced their target price on Tractor Supply from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Fourteen research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.96.

Tractor Supply Price Performance

Shares of TSCO opened at $30.24 on Friday. Tractor Supply Company has a fifty-two week low of $28.36 and a fifty-two week high of $63.99. The company’s fifty day moving average is $34.04 and its two-hundred day moving average is $45.01. The firm has a market cap of $15.86 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 2.29 and a beta of 0.47. 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 (NASDAQ:TSCO) last released its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Analysts forecast that Tractor Supply Company will post 2.12 earnings per share for the current year.

Tractor Supply Announces Dividend

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

Tractor Supply 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.