Norges Bank Invests $303.86 Million in Tractor Supply Company $TSCO

Norges Bank acquired a new position in Tractor Supply Company (NASDAQ:TSCO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,076,029 shares of the specialty retailer’s stock, valued at approximately $303,862,000. Norges Bank owned approximately 1.15% of Tractor Supply as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TSCO. Garner Asset Management Corp bought a new stake in Tractor Supply during the fourth quarter worth $25,000. Aventura Private Wealth LLC bought a new stake in Tractor Supply during the fourth quarter worth $27,000. JPL Wealth Management LLC bought a new stake in Tractor Supply during the third quarter worth $28,000. Valley Wealth Managers Inc. bought a new stake in Tractor Supply during the fourth quarter worth $32,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Tractor Supply during the fourth quarter worth $35,000. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $31.78 on Tuesday. Tractor Supply Company has a 52 week low of $29.42 and a 52 week high of $63.99. The firm 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 firm’s 50-day simple moving average is $38.19 and its 200 day simple moving average is $47.31. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the business posted $0.34 earnings per share. Tractor Supply’s 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. As a group, sell-side analysts predict that Tractor Supply Company will post 2.14 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, May 27th. This represents a $0.96 annualized dividend and a yield of 3.0%. Tractor Supply’s dividend payout ratio (DPR) is currently 47.06%.

Analyst Ratings Changes

TSCO has been the topic of several analyst reports. Truist Financial set a $44.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a research report on Tuesday, April 21st. TD Cowen reaffirmed a “hold” rating and set a $38.00 price target (down from $53.00) on shares of Tractor Supply in a research report on Monday, April 27th. Loop Capital dropped their price target on shares of Tractor Supply from $51.00 to $41.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Argus dropped their price target on shares of Tractor Supply from $64.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Finally, Guggenheim reaffirmed a “buy” rating and set a $60.00 price target (down from $65.00) on shares of Tractor Supply in a research report on Thursday, April 23rd. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.19.

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.