Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stock Holdings in Tractor Supply Company $TSCO

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 76.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,350 shares of the specialty retailer’s stock after buying an additional 111,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Tractor Supply were worth $11,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSCO. Bison Wealth LLC raised its position in shares of 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 purchasing an additional 5,017 shares during the last quarter. Woodline Partners LP boosted its stake in Tractor Supply by 40.7% in the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock worth $2,487,000 after purchasing an additional 13,051 shares in the last quarter. Intech Investment Management LLC grew its position 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 worth $1,442,000 after purchasing an additional 5,542 shares during the last quarter. Sei Investments Co. grew its position in Tractor Supply by 1.2% during the 2nd quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock worth $16,676,000 after purchasing an additional 3,631 shares during 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. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Truist Financial set a $32.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a report on Tuesday, June 16th. Piper Sandler set a $32.00 price objective on shares of Tractor Supply and gave the company a “neutral” rating in a report on Tuesday, June 16th. Bank of America began coverage on Tractor Supply in a research report on Tuesday, April 7th. They issued a “neutral” rating and a $47.00 target price on the stock. BNP Paribas Exane reduced their target price on Tractor Supply from $58.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Finally, Gordon Haskett lifted their price target on Tractor Supply from $40.00 to $50.00 in a research report on Friday, June 12th. 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

Tractor Supply Stock Performance

TSCO opened at $31.76 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $63.99. The firm has a 50 day moving average of $31.46 and a two-hundred day moving average of $43.46. The firm has a market capitalization of $16.66 billion, a PE ratio of 15.57, a P/E/G ratio of 2.41 and a beta of 0.46.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data 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 business had revenue of $3.59 billion during 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 firm’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, analysts anticipate that Tractor Supply Company will post 2.11 EPS for the current year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were given 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 yield of 3.0%. Tractor Supply’s payout ratio is currently 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.