Principal Financial Group Inc. Purchases 17,914 Shares of Tractor Supply Company $TSCO

Principal Financial Group Inc. raised its position in Tractor Supply Company (NASDAQ:TSCO) by 2.6% in the 1st quarter, HoldingsChannel reports. The fund owned 698,568 shares of the specialty retailer’s stock after purchasing an additional 17,914 shares during the period. Principal Financial Group Inc.’s holdings in Tractor Supply were worth $31,645,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Bison Wealth LLC increased its position in shares of Tractor Supply by 356.1% during the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after purchasing an additional 5,017 shares during the period. Woodline Partners LP lifted its position in Tractor Supply by 40.7% in the first quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock worth $2,487,000 after purchasing an additional 13,051 shares during the period. Intech Investment Management LLC boosted its stake in Tractor Supply by 26.9% during the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock worth $1,442,000 after buying an additional 5,542 shares in the last quarter. Sei Investments Co. boosted its stake in Tractor Supply by 1.2% during the second quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock worth $16,676,000 after buying an additional 3,631 shares in the last quarter. Finally, Glenview Trust co increased its holdings in Tractor Supply by 36.0% in the 2nd quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock valued at $1,036,000 after buying an additional 5,194 shares during the period. Institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Citigroup restated a “buy” rating on shares of Tractor Supply in a research note on Thursday. UBS Group set a $33.00 price target on shares of Tractor Supply and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Gordon Haskett upped their price objective on Tractor Supply from $40.00 to $50.00 in a research note on Friday, June 12th. Evercore reissued an “outperform” rating and issued a $40.00 target price on shares of Tractor Supply in a report on Tuesday, July 7th. Finally, Mizuho set a $32.00 target price on Tractor Supply and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Tractor Supply presently has an average rating of “Hold” and an average target price of $41.73.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $30.51 on Monday. The stock has a market capitalization of $16.00 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 2.35 and a beta of 0.46. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The company has a 50-day simple moving average of $30.65 and a 200 day simple moving average of $41.88. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the business posted $0.34 EPS. The business’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. Research analysts expect that Tractor Supply Company will post 2.08 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

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