Tractor Supply Company $TSCO Stock Holdings Reduced by Legal & General Group Plc

Legal & General Group Plc lowered its position in Tractor Supply Company (NASDAQ:TSCO) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,900,001 shares of the specialty retailer’s stock after selling 209,405 shares during the quarter. Legal & General Group Plc owned approximately 0.74% of Tractor Supply worth $195,039,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swedbank AB grew its stake in Tractor Supply by 3.3% in the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock valued at $56,470,000 after purchasing an additional 36,495 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Tractor Supply by 4.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock valued at $56,086,000 after purchasing an additional 46,010 shares in the last quarter. Wellington Management Group LLP grew its stake in Tractor Supply by 1.6% in the third quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock valued at $1,474,736,000 after purchasing an additional 420,731 shares in the last quarter. Speece Thorson Capital Group Inc. grew its stake in Tractor Supply by 22.0% in the fourth quarter. Speece Thorson Capital Group Inc. now owns 307,359 shares of the specialty retailer’s stock valued at $15,371,000 after purchasing an additional 55,493 shares in the last quarter. Finally, First National Bank of Omaha purchased a new position in Tractor Supply in the third quarter valued at about $5,069,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

TSCO opened at $30.67 on Thursday. The company has a market cap of $16.08 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 2.23 and a beta of 0.51. The stock has a 50-day moving average of $39.09 and a 200-day moving average of $47.81. Tractor Supply Company has a 52-week low of $29.42 and a 52-week high of $63.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38.

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 company 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 business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, equities research analysts forecast that Tractor Supply Company will post 2.14 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, May 27th. Tractor Supply’s payout ratio is currently 47.06%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wall Street Zen upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. TD Cowen reiterated a “hold” rating and set a $38.00 price target (down from $53.00) on shares of Tractor Supply in a research note on Monday, April 27th. UBS Group decreased their price target on Tractor Supply from $55.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. decreased their price target 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, Telsey Advisory Group decreased their price target on Tractor Supply from $63.00 to $52.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.19.

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.