Cim LLC Sells 190,552 Shares of Tractor Supply Company $TSCO

Cim LLC lessened its holdings in Tractor Supply Company (NASDAQ:TSCO) by 95.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 8,541 shares of the specialty retailer’s stock after selling 190,552 shares during the period. Cim LLC’s holdings in Tractor Supply were worth $387,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. JPL Wealth Management LLC acquired a new stake in shares of Tractor Supply in the 3rd quarter worth $28,000. Garner Asset Management Corp purchased a new stake in shares of Tractor Supply during the fourth quarter worth about $25,000. Reflection Asset Management acquired a new position in shares of Tractor Supply during the fourth quarter valued at about $26,000. Core Wealth Advisors LLC acquired a new position in shares of Tractor Supply during the fourth quarter valued at about $27,000. Finally, Bayban purchased a new position in shares of Tractor Supply in the 4th quarter valued at approximately $28,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $31.00 on Thursday. The firm has a market capitalization of $16.26 billion, a P/E ratio of 16.15, a PEG ratio of 10.23 and a beta of 0.46. The stock has a 50-day simple moving average of $30.63 and a two-hundred day simple moving average of $40.77. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. Tractor Supply Company has a fifty-two week low of $28.36 and a fifty-two week high of $62.89.

Tractor Supply (NASDAQ:TSCO) last issued its 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 during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, equities analysts forecast that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. TD Cowen reiterated a “hold” rating on shares of Tractor Supply in a research note on Wednesday, July 15th. Wells Fargo & Company cut their price target on shares of Tractor Supply from $47.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Weiss Ratings cut shares of Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 23rd. Bank of America assumed coverage on shares of Tractor Supply in a research note on Tuesday, April 7th. They set a “neutral” rating and a $47.00 price objective for the company. Finally, DA Davidson dropped their price objective on shares of Tractor Supply from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Thirteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Tractor Supply has an average rating of “Hold” and a consensus price target of $39.31.

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.