Norges Bank Takes $303.86 Million Position in Tractor Supply Company $TSCO

by · The Cerbat Gem

Norges Bank acquired a new stake in Tractor Supply Company (NASDAQ:TSCO – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,076,029 shares of the specialty retailer’s stock, valued at approximately $303,862,000.

Other hedge funds also recently modified their holdings of the company. Bison Wealth LLC increased its stake in Tractor Supply by 356.1% during the 4th 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 in the last quarter. Woodline Partners LP increased its stake in Tractor Supply by 40.7% during the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock valued at $2,487,000 after purchasing an additional 13,051 shares in the last quarter. Intech Investment Management LLC increased its stake in Tractor Supply by 26.9% during the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock valued at $1,442,000 after purchasing an additional 5,542 shares in the last quarter. Sei Investments Co. increased its stake in Tractor Supply by 1.2% during the 2nd quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock valued at $16,676,000 after purchasing an additional 3,631 shares in the last quarter. Finally, Glenview Trust co increased its stake in Tractor Supply by 36.0% during the 2nd quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock valued at $1,036,000 after purchasing an additional 5,194 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TSCO. JPMorgan Chase & Co. decreased their price target on shares of Tractor Supply from $55.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Robert W. Baird set a $60.00 price target on shares of Tractor Supply and gave the company an “outperform” rating in a research note on Friday, April 17th. Jefferies Financial Group reiterated a “buy” rating and set a $51.00 price target on shares of Tractor Supply in a report on Tuesday, April 21st. Morgan Stanley decreased their price target on Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Finally, Mizuho cut their price objective on shares of Tractor Supply from $58.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, Tractor Supply has an average rating of “Moderate Buy” and a consensus target price of $47.19.

Check Out Our Latest Stock Report on Tractor Supply

Tractor Supply Price Performance

TSCO opened at $31.78 on Tuesday. The firm has a market cap of $16.67 billion, a P/E ratio of 15.58, a PEG ratio of 2.36 and a beta of 0.47. The firm has a 50-day moving average of $38.19 and a 200 day moving average of $47.31. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. Tractor Supply Company has a fifty-two week low of $29.42 and a fifty-two week high of $63.99.

Tractor Supply (NASDAQ:TSCO – Get Free Report) last posted its quarterly earnings results 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 the consensus estimate of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. Tractor Supply’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, research analysts expect that Tractor Supply Company will post 2.14 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.96 annualized dividend and a yield of 3.0%. Tractor Supply’s dividend payout ratio is presently 47.06%.

Tractor Supply Profile

(Free Report)

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.

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