Hsbc Holdings PLC Decreases Stock Position in Tractor Supply Company $TSCO

Hsbc Holdings PLC cut its holdings in Tractor Supply Company (NASDAQ:TSCO) by 1.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,467,929 shares of the specialty retailer’s stock after selling 19,006 shares during the quarter. Hsbc Holdings PLC owned 0.28% of Tractor Supply worth $66,461,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Waterfront Wealth Inc. lifted its holdings in shares of Tractor Supply by 4.8% during the first quarter. Waterfront Wealth Inc. now owns 22,768 shares of the specialty retailer’s stock valued at $1,031,000 after purchasing an additional 1,049 shares in the last quarter. Griffin Asset Management Inc. increased its holdings in Tractor Supply by 2.0% in the 1st quarter. Griffin Asset Management Inc. now owns 37,074 shares of the specialty retailer’s stock worth $1,679,000 after buying an additional 723 shares in the last quarter. Resona Asset Management Co. Ltd. raised its position in Tractor Supply by 4.1% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 179,372 shares of the specialty retailer’s stock worth $8,129,000 after buying an additional 6,991 shares during the last quarter. Sageworth Trust Co purchased a new position in Tractor Supply in the 1st quarter worth about $225,000. Finally, Swedbank AB lifted its stake in Tractor Supply by 8.9% during the 1st quarter. Swedbank AB now owns 1,229,515 shares of the specialty retailer’s stock valued at $55,697,000 after acquiring an additional 100,333 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BNP Paribas Exane reduced their price target on shares of Tractor Supply from $58.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Piper Sandler set a $32.00 price objective on shares of Tractor Supply and gave the company a “neutral” rating in a research report on Tuesday, June 16th. TD Cowen restated a “hold” rating on shares of Tractor Supply in a report on Wednesday. Daiwa Securities Group cut their target price on shares of Tractor Supply from $52.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Finally, Loop Capital lowered their price target on Tractor Supply from $41.00 to $35.00 and set a “hold” rating on the stock in a report on Tuesday, June 16th. Thirteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $41.73.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $30.51 on Monday. 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 stock has a market capitalization of $16.00 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.35 and a beta of 0.46. The firm’s 50 day moving average price is $30.65 and its 200-day moving average price is $41.88. 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 the consensus estimate of $0.35 by ($0.04). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the firm posted $0.34 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Equities research analysts expect that Tractor Supply Company will post 2.08 EPS for the current year.

Tractor Supply Announces Dividend

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

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.