Geode Capital Management LLC Buys 184,457 Shares of Tractor Supply Company $TSCO

Geode Capital Management LLC grew its stake in Tractor Supply Company (NASDAQ:TSCO) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,873,514 shares of the specialty retailer’s stock after acquiring an additional 184,457 shares during the quarter. Geode Capital Management LLC’s holdings in Tractor Supply were worth $791,703,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in Tractor Supply by 719.1% in the third quarter. Victory Capital Management Inc. now owns 4,508,661 shares of the specialty retailer’s stock worth $256,408,000 after buying an additional 3,958,205 shares during the last quarter. Select Equity Group L.P. raised its holdings in Tractor Supply by 41.9% in the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock worth $670,887,000 after buying an additional 3,753,414 shares during the last quarter. APG Asset Management N.V. raised its holdings in Tractor Supply by 505.1% in the third quarter. APG Asset Management N.V. now owns 4,329,556 shares of the specialty retailer’s stock worth $246,222,000 after buying an additional 3,614,097 shares during the last quarter. Holocene Advisors LP raised its holdings in Tractor Supply by 771.0% in the third quarter. Holocene Advisors LP now owns 2,421,674 shares of the specialty retailer’s stock worth $137,721,000 after buying an additional 2,143,627 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Tractor Supply by 166.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,224,774 shares of the specialty retailer’s stock worth $111,261,000 after purchasing an additional 1,388,762 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Gordon Haskett reduced their target price on Tractor Supply from $50.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Argus reduced their target price on Tractor Supply from $64.00 to $50.00 and set a “buy” rating for the company in a report on Monday, April 27th. Wolfe Research reissued an “outperform” rating and issued a $57.00 target price on shares of Tractor Supply in a report on Friday, January 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a $51.00 price target on shares of Tractor Supply in a report on Tuesday, April 21st. Finally, Mizuho reduced their price target on shares of Tractor Supply from $58.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Fourteen analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.19.

Tractor Supply Stock Performance

TSCO opened at $31.53 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86. The company has a market cap of $16.54 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 2.35 and a beta of 0.51. The company’s 50 day moving average is $38.48 and its 200 day moving average is $47.54. Tractor Supply Company has a 12-month low of $29.42 and a 12-month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the prior year, the company posted $0.34 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, equities research analysts predict that Tractor Supply Company will post 2.14 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, May 27th. Tractor Supply’s dividend payout ratio (DPR) is currently 47.06%.

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.