Kornitzer Capital Management Inc. KS Acquires 117,819 Shares of Tractor Supply Company $TSCO

Kornitzer Capital Management Inc. KS increased its holdings in Tractor Supply Company (NASDAQ:TSCO) by 96.2% in the first quarter, HoldingsChannel.com reports. The fund owned 240,247 shares of the specialty retailer’s stock after acquiring an additional 117,819 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Tractor Supply were worth $10,883,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TSCO. Waterfront Wealth Inc. boosted its stake in shares of Tractor Supply by 4.8% during the 1st 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. lifted its holdings in Tractor Supply by 2.0% in the first 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 during the period. Resona Asset Management Co. Ltd. lifted its holdings in Tractor Supply by 4.1% in the first 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 period. Sageworth Trust Co bought a new stake in Tractor Supply during the 1st quarter valued at approximately $225,000. Finally, Swedbank AB grew its holdings in shares of Tractor Supply by 8.9% during the 1st quarter. Swedbank AB now owns 1,229,515 shares of the specialty retailer’s stock worth $55,697,000 after acquiring an additional 100,333 shares during the period. Institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TSCO shares. The Goldman Sachs Group decreased their price objective on Tractor Supply from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Weiss Ratings lowered Tractor Supply from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Wall Street Zen upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Telsey Advisory Group dropped their target price on Tractor Supply from $63.00 to $52.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Finally, Evercore reissued an “outperform” rating and issued a $40.00 target price on shares of Tractor Supply in a research note on Tuesday. Thirteen research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply currently has an average rating of “Hold” and a consensus target price of $44.62.

Tractor Supply Stock Up 1.0%

Tractor Supply stock traded up $0.31 during trading hours on Friday, hitting $30.43. The stock had a trading volume of 5,159,093 shares, compared to its average volume of 11,773,303. The stock’s 50-day moving average price is $30.86 and its 200-day moving average price is $42.68. The stock has a market capitalization of $15.96 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 2.28 and a beta of 0.46. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $63.99. 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 posted 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). The firm had revenue of $3.59 billion for 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 company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Equities research analysts anticipate that Tractor Supply Company will post 2.11 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.96 annualized dividend and a yield of 3.2%. Tractor Supply’s dividend payout ratio is 47.06%.

About Tractor Supply

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.