CIBC Asset Management Inc Acquires 50,344 Shares of Tractor Supply Company $TSCO

CIBC Asset Management Inc boosted its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 67.7% during the 4th quarter, Holdings Channel reports. The fund owned 124,654 shares of the specialty retailer’s stock after buying an additional 50,344 shares during the period. CIBC Asset Management Inc’s holdings in Tractor Supply were worth $6,234,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP grew its position in Tractor Supply by 1.6% during the 3rd quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock worth $1,474,736,000 after purchasing an additional 420,731 shares during the last quarter. Geode Capital Management LLC increased its holdings in Tractor Supply by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock worth $791,703,000 after acquiring an additional 184,457 shares in the last quarter. Select Equity Group L.P. increased 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 acquiring an additional 3,753,414 shares in the last quarter. Norges Bank purchased a new stake in shares of Tractor Supply during the fourth quarter worth $303,862,000. Finally, Franklin Resources Inc. grew its holdings in shares of Tractor Supply by 3.2% during the third quarter. Franklin Resources Inc. now owns 5,619,107 shares of the specialty retailer’s stock worth $319,559,000 after buying an additional 174,641 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 1.4%

TSCO stock opened at $29.78 on Friday. 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 cap of $15.62 billion, a P/E ratio of 14.60, a PEG ratio of 2.23 and a beta of 0.47. The company’s 50 day moving average is $36.90 and its two-hundred day moving average is $46.63. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Research analysts expect that Tractor Supply Company will post 2.14 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, May 27th. Tractor Supply’s dividend payout ratio (DPR) is 47.06%.

Wall Street Analyst Weigh In

TSCO has been the subject of a number of research reports. Gordon Haskett dropped their target price on shares of Tractor Supply from $50.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Zacks Research raised shares of Tractor Supply from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. BNP Paribas Exane decreased their target price on shares of Tractor Supply from $58.00 to $45.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd. DA Davidson cut their price objective on Tractor Supply from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Finally, Truist Financial set a $44.00 target price on shares of Tractor Supply and gave the company a “hold” rating in a report on Tuesday, April 21st. 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $46.81.

About Tractor Supply

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.