Tractor Supply Company $TSCO Shares Sold by Empowered Funds LLC

Empowered Funds LLC trimmed its holdings in Tractor Supply Company (NASDAQ:TSCO) by 60.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 145,470 shares of the specialty retailer’s stock after selling 221,971 shares during the period. Empowered Funds LLC’s holdings in Tractor Supply were worth $6,590,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in Tractor Supply by 6.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock valued at $156,108,000 after buying an additional 184,146 shares during the period. Swedbank AB raised its position in shares of Tractor Supply by 3.3% in the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock worth $56,470,000 after acquiring an additional 36,495 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Tractor Supply by 44.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock worth $36,364,000 after acquiring an additional 222,750 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Tractor Supply by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock worth $56,086,000 after acquiring an additional 46,010 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its stake in shares of Tractor Supply by 1.6% during the 4th quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock worth $119,410,000 after acquiring an additional 36,778 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Stock Up 1.9%

TSCO opened at $30.77 on Friday. The company has a market cap of $16.14 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 9.83 and a beta of 0.46. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $62.89. The company has a 50-day moving average price of $30.58 and a 200 day moving average price of $40.55. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The firm had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the previous year, the firm posted $0.81 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Sell-side analysts expect that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s dividend payout ratio (DPR) is 50.00%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TSCO. Mizuho set a $28.00 price target on Tractor Supply and gave the company a “neutral” rating in a research note on Friday, July 24th. Wells Fargo & Company lowered their price target on Tractor Supply from $47.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. DA Davidson dropped their price objective on Tractor Supply from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Truist Financial set a $32.00 price objective on Tractor Supply and gave the company a “hold” rating in a report on Tuesday, June 16th. Finally, TD Cowen restated a “hold” rating on shares of Tractor Supply in a research report on Wednesday, July 15th. Thirteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $39.31.

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.