OP Asset Management Ltd Buys Shares of 55,697 Tractor Supply Company $TSCO

OP Asset Management Ltd purchased a new position in shares of Tractor Supply Company (NASDAQ:TSCO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,697 shares of the specialty retailer’s stock, valued at approximately $2,523,000.

A number of other large investors also recently modified their holdings of TSCO. Garner Asset Management Corp acquired a new stake in shares of Tractor Supply during the 4th quarter valued at $25,000. Reflection Asset Management bought a new position in Tractor Supply in the fourth quarter valued at about $26,000. Aventura Private Wealth LLC bought a new position in Tractor Supply in the fourth quarter valued at about $27,000. Core Wealth Advisors LLC acquired a new stake in shares of Tractor Supply during the fourth quarter valued at about $27,000. Finally, Bayban bought a new stake in shares of Tractor Supply during the fourth quarter worth about $28,000. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Truist Financial set a $32.00 price objective on shares of Tractor Supply and gave the company a “hold” rating in a report on Tuesday, June 16th. Raymond James Financial reduced their target price on shares of Tractor Supply from $60.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Daiwa Securities Group decreased their price target on shares of Tractor Supply from $52.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. UBS Group cut their price target on shares of Tractor Supply from $55.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Finally, Piper Sandler set a $32.00 price objective on shares of Tractor Supply and gave the stock a “neutral” rating in a research note on Tuesday, June 16th. Fourteen analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, Tractor Supply presently has an average rating of “Moderate Buy” and an average price target of $45.50.

Tractor Supply Stock Up 1.5%

Shares of NASDAQ TSCO opened at $31.21 on Friday. 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 firm has a market cap of $16.37 billion, a PE ratio of 15.30, a P/E/G ratio of 2.37 and a beta of 0.47. The company’s fifty day simple moving average is $32.55 and its 200 day simple moving average is $44.19. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last announced 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). The company 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%. Tractor Supply’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, sell-side analysts forecast that Tractor Supply Company will post 2.11 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

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