Nomura Asset Management Co. Ltd. Boosts Stock Position in Tractor Supply Company $TSCO

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 44.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 727,125 shares of the specialty retailer’s stock after purchasing an additional 222,750 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Tractor Supply were worth $36,364,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Swedbank AB grew its position in shares of Tractor Supply by 3.3% in the 4th 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in 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 valued at $56,086,000 after purchasing an additional 46,010 shares during the period. Speece Thorson Capital Group Inc. boosted its position in Tractor Supply by 22.0% during the 4th quarter. Speece Thorson Capital Group Inc. now owns 307,359 shares of the specialty retailer’s stock worth $15,371,000 after acquiring an additional 55,493 shares during the period. Wellington Management Group LLP increased its holdings in shares of Tractor Supply by 1.6% during the third quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock valued at $1,474,736,000 after purchasing an additional 420,731 shares during the period. Finally, First National Bank of Omaha acquired a new position in shares of Tractor Supply during the third quarter valued at $5,069,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TSCO. Telsey Advisory Group lowered their price target on Tractor Supply from $63.00 to $52.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Guggenheim reissued a “buy” rating and set a $60.00 price target (down from $65.00) on shares of Tractor Supply in a report on Thursday, April 23rd. The Goldman Sachs Group lowered their price target on Tractor Supply from $59.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Mizuho dropped their price objective on Tractor Supply from $58.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. Finally, Piper Sandler downgraded Tractor Supply from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $51.00 to $36.00 in a research note on Tuesday, May 5th. Fourteen research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, Tractor Supply currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.19.

Tractor Supply Trading Up 0.8%

Shares of NASDAQ TSCO opened at $31.78 on Tuesday. Tractor Supply Company has a 12 month low of $29.42 and a 12 month high of $63.99. The company has a market cap of $16.67 billion, a price-to-earnings ratio of 15.58, a P/E/G ratio of 2.36 and a beta of 0.47. 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 business has a fifty day simple moving average of $38.19 and a 200-day simple moving average of $47.31.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 EPS 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 analysts’ expectations of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Sell-side analysts predict that Tractor Supply Company will post 2.14 EPS for the current year.

Tractor Supply Announces Dividend

The firm 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. This represents a $0.96 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, May 27th. Tractor Supply’s payout ratio is presently 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.