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

Principal Financial Group Inc. raised its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 698,568 shares of the specialty retailer’s stock after buying an additional 17,914 shares during the period. Principal Financial Group Inc. owned 0.13% of Tractor Supply worth $31,645,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Tractor Supply during the 4th quarter valued at about $303,862,000. Select Equity Group L.P. lifted its holdings 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 worth $670,887,000 after purchasing an additional 3,753,414 shares during the last quarter. Invesco Ltd. lifted its holdings in Tractor Supply by 18.4% in the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after purchasing an additional 2,706,819 shares during the last quarter. Franklin Resources Inc. boosted its position in Tractor Supply by 37.1% during the fourth quarter. Franklin Resources Inc. now owns 7,705,579 shares of the specialty retailer’s stock worth $385,356,000 after purchasing an additional 2,086,472 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Tractor Supply by 46.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,046,977 shares of the specialty retailer’s stock worth $252,400,000 after purchasing an additional 1,595,803 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TSCO shares. Gordon Haskett boosted their price objective on shares of Tractor Supply from $40.00 to $50.00 in a research note on Friday, June 12th. Guggenheim reiterated a “buy” rating and issued a $50.00 target price (down from $60.00) on shares of Tractor Supply in a research note on Friday, June 5th. DA Davidson dropped their target price on shares of Tractor Supply from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. BNP Paribas Exane cut their target price on shares of Tractor Supply from $58.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, April 22nd. Finally, Zacks Research cut shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Thirteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.73.

Tractor Supply Price Performance

TSCO opened at $30.51 on Monday. Tractor Supply Company has a 1-year low of $28.36 and a 1-year high of $63.99. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $16.00 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 2.35 and a beta of 0.46. The business has a 50 day moving average of $30.65 and a 200-day moving average of $41.88.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) 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 company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the business posted $0.34 EPS. The company’s 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. As a group, sell-side analysts anticipate that Tractor Supply Company will post 2.08 earnings per share for the current year.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.1%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s dividend payout ratio (DPR) is currently 47.06%.

Tractor Supply Company 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.