OP Asset Management Ltd Purchases New Stake in Tractor Supply Company $TSCO

OP Asset Management Ltd purchased a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) in the first quarter, Holdings Channel reports. The firm purchased 55,697 shares of the specialty retailer’s stock, valued at approximately $2,523,000.

Several other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Tractor Supply during the fourth quarter valued at about $303,862,000. Victory Capital Management Inc. lifted its position in Tractor Supply by 719.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,508,661 shares of the specialty retailer’s stock valued at $256,408,000 after acquiring an additional 3,958,205 shares in the last quarter. Select Equity Group L.P. lifted its position in Tractor Supply by 41.9% in the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after acquiring an additional 3,753,414 shares in the last quarter. APG Asset Management N.V. boosted its stake in Tractor Supply by 505.1% during the 3rd quarter. APG Asset Management N.V. now owns 4,329,556 shares of the specialty retailer’s stock valued at $246,222,000 after purchasing an additional 3,614,097 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Tractor Supply by 18.4% during the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after purchasing an additional 2,706,819 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. UBS Group lowered their price objective 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. Argus cut their target price on Tractor Supply from $64.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Zacks Research upgraded Tractor Supply from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Daiwa Securities Group lowered their price target on Tractor Supply from $52.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company dropped their price objective on Tractor Supply from $55.00 to $47.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Fourteen research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, Tractor Supply presently has an average rating of “Moderate Buy” and a consensus target price of $45.50.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $31.21 on Friday. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $63.99. The company has a 50-day simple moving average of $32.55 and a 200 day simple moving average of $44.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. The company has a market capitalization of $16.37 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 2.37 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last released its 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). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, research analysts predict that Tractor Supply Company will post 2.11 EPS for the current year.

Tractor Supply Announces Dividend

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