Tractor Supply Company $TSCO Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 17.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,042,598 shares of the specialty retailer’s stock after selling 649,581 shares during the quarter. Clearbridge Investments LLC’s holdings in Tractor Supply were worth $152,160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Garner Asset Management Corp acquired a new position in Tractor Supply during the fourth quarter worth about $25,000. Aventura Private Wealth LLC acquired a new position in Tractor Supply during the fourth quarter worth about $27,000. Core Wealth Advisors LLC acquired a new position in Tractor Supply during the fourth quarter worth about $27,000. JPL Wealth Management LLC acquired a new position in Tractor Supply during the third quarter worth about $28,000. Finally, Valley Wealth Managers Inc. acquired a new position in Tractor Supply during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

TSCO has been the subject of a number of research reports. UBS Group cut their target price on shares of Tractor Supply from $55.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Gordon Haskett lowered their price target on shares of Tractor Supply from $50.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. TD Cowen reiterated a “hold” rating and set a $38.00 price target (down from $53.00) on shares of Tractor Supply in a report on Monday, April 27th. BNP Paribas Exane lowered their price target on shares of Tractor Supply from $58.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, April 22nd. Finally, Truist Financial set a $44.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a report on Tuesday, April 21st. Fourteen analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.81.

Tractor Supply Price Performance

Tractor Supply stock opened at $29.78 on Monday. Tractor Supply Company has a 1 year low of $28.36 and a 1 year high of $63.99. The firm has a 50 day moving average price of $36.90 and a 200 day moving average price of $46.58. The company has a market cap of $15.62 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 2.23 and a beta of 0.47. 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 announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Sell-side analysts predict that Tractor Supply Company will post 2.14 earnings per share for the current year.

Tractor Supply Announces Dividend

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