TimesSquare Capital Management LLC Buys 226,575 Shares of Tractor Supply Company $TSCO

TimesSquare Capital Management LLC raised its stake in Tractor Supply Company (NASDAQ:TSCO) by 17.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,509,725 shares of the specialty retailer’s stock after purchasing an additional 226,575 shares during the quarter. Tractor Supply comprises approximately 1.1% of TimesSquare Capital Management LLC’s holdings, making the stock its 29th biggest position. TimesSquare Capital Management LLC’s holdings in Tractor Supply were worth $75,501,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of TSCO. Bison Wealth LLC increased its holdings in Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after acquiring an additional 5,017 shares during the last quarter. Woodline Partners LP increased its holdings in Tractor Supply by 40.7% in the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock valued at $2,487,000 after acquiring an additional 13,051 shares during the last quarter. Intech Investment Management LLC increased its holdings in Tractor Supply by 26.9% in the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock valued at $1,442,000 after acquiring an additional 5,542 shares during the last quarter. Sei Investments Co. increased its holdings in Tractor Supply by 1.2% in the 2nd quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock valued at $16,676,000 after acquiring an additional 3,631 shares during the last quarter. Finally, Glenview Trust co increased its holdings in Tractor Supply by 36.0% in the 2nd quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock valued at $1,036,000 after acquiring an additional 5,194 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $31.72 on Tuesday. Tractor Supply Company has a 52 week low of $29.42 and a 52 week high of $63.99. The stock has a market capitalization of $16.64 billion, a P/E ratio of 15.55, a PEG ratio of 1.76 and a beta of 0.51. The firm has a fifty day simple moving average of $41.62 and a two-hundred day simple moving average of $48.91. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86.

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

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is 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 currently 47.06%.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of research reports. UBS Group reduced their price target on shares of Tractor Supply from $55.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Barclays dropped their price objective on shares of Tractor Supply from $51.00 to $44.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 22nd. Zacks Research raised shares of Tractor Supply from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Wells Fargo & Company dropped their price objective on shares of Tractor Supply from $55.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Finally, BNP Paribas Exane dropped their price objective 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. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $47.38.

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.