Swedbank AB Increases Position in Tractor Supply Company $TSCO

Swedbank AB boosted its holdings in Tractor Supply Company (NASDAQ:TSCO) by 8.9% during the 1st quarter, Holdings Channel reports. The firm owned 1,229,515 shares of the specialty retailer’s stock after acquiring an additional 100,333 shares during the period. Swedbank AB’s holdings in Tractor Supply were worth $55,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Garner Asset Management Corp purchased a new stake in shares of Tractor Supply during the 4th quarter valued at $25,000. Reflection Asset Management purchased a new position in shares of Tractor Supply in the 4th quarter worth about $26,000. Aventura Private Wealth LLC bought a new position in Tractor Supply during the fourth quarter valued at about $27,000. Core Wealth Advisors LLC bought a new position in Tractor Supply during the fourth quarter valued at about $27,000. Finally, Bayban purchased a new stake in Tractor Supply during the fourth quarter worth about $28,000. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Tractor Supply from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. DA Davidson decreased their price target on shares of Tractor Supply from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Robert W. Baird set a $60.00 price target on shares of Tractor Supply and gave the stock an “outperform” rating in a report on Friday, April 17th. Barclays dropped their price objective on Tractor Supply from $51.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 22nd. Finally, Evercore reissued an “outperform” rating and issued a $40.00 target price on shares of Tractor Supply in a research report on Tuesday. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $45.31.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $30.43 on Wednesday. The firm’s 50 day moving average is $31.18 and its 200 day moving average is $43.07. The stock has a market capitalization of $15.96 billion, a P/E ratio of 14.92, a PEG ratio of 2.29 and a beta of 0.46. Tractor Supply Company has a 12 month low of $28.36 and a 12 month high of $63.99. The company has a current ratio of 1.38, a quick ratio of 0.16 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, sell-side analysts anticipate that Tractor Supply Company will post 2.11 earnings per share for the current year.

Tractor Supply Dividend Announcement

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

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.