Hendershot Investments Inc. Grows Holdings in Tractor Supply Company $TSCO

Hendershot Investments Inc. lifted its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 10.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 190,146 shares of the specialty retailer’s stock after buying an additional 17,916 shares during the quarter. Tractor Supply makes up 1.2% of Hendershot Investments Inc.’s investment portfolio, making the stock its 26th largest position. Hendershot Investments Inc.’s holdings in Tractor Supply were worth $8,614,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. JPL Wealth Management LLC purchased a new position in shares of Tractor Supply during the third quarter valued at approximately $28,000. Garner Asset Management Corp acquired a new position in Tractor Supply in the 4th quarter valued at $25,000. Reflection Asset Management purchased a new position in shares of Tractor Supply during the 4th quarter worth $26,000. Core Wealth Advisors LLC acquired a new stake in shares of Tractor Supply during the fourth quarter worth $27,000. Finally, Aventura Private Wealth LLC acquired a new stake in shares of Tractor Supply during the fourth quarter worth $27,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $31.76 on Friday. The business’s fifty day moving average price is $31.46 and its 200 day moving average price is $43.46. Tractor Supply Company has a twelve month low of $28.36 and a twelve month 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 $16.66 billion, a P/E ratio of 15.57, a PEG ratio of 2.41 and a beta of 0.46.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly 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 firm had revenue of $3.59 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter 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. As a group, research analysts anticipate that Tractor Supply Company will post 2.11 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.0%. Tractor Supply’s payout ratio is presently 47.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TSCO shares. Stephens lowered their price objective on Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 22nd. Wall Street Zen raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Piper Sandler set a $32.00 price objective on shares of Tractor Supply and gave the stock a “neutral” rating in a report on Tuesday, June 16th. Guggenheim reissued a “buy” rating and issued a $50.00 target price (down from $60.00) on shares of Tractor Supply in a research report on Friday, June 5th. Finally, Gordon Haskett boosted their target price on shares of Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. Fourteen analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

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.