Kestra Advisory Services LLC Cuts Stock Holdings in Tractor Supply Company $TSCO

Kestra Advisory Services LLC lowered its position in Tractor Supply Company (NASDAQ:TSCO) by 17.2% in the first quarter, Holdings Channel.com reports. The firm owned 137,131 shares of the specialty retailer’s stock after selling 28,480 shares during the quarter. Kestra Advisory Services LLC’s holdings in Tractor Supply were worth $6,212,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TSCO. Bison Wealth LLC increased its position in Tractor Supply by 356.1% during the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after buying an additional 5,017 shares in the last quarter. Woodline Partners LP lifted its position in shares of Tractor Supply by 40.7% in the first 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 in the last quarter. Intech Investment Management LLC boosted its stake in shares of Tractor Supply by 26.9% during the first 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. boosted its stake in shares of Tractor Supply by 1.2% during the second 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 position in Tractor Supply by 36.0% during the 2nd quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock worth $1,036,000 after purchasing an additional 5,194 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

TSCO has been the subject of several analyst reports. Weiss Ratings downgraded shares of Tractor Supply from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Zacks Research upgraded shares of Tractor Supply from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Wells Fargo & Company cut 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 report on Wednesday, April 22nd. The Goldman Sachs Group reduced their price objective on shares of Tractor Supply from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Finally, TD Cowen restated a “hold” rating and set a $38.00 target price (down from $53.00) on shares of Tractor Supply in a research report on Monday, April 27th. Thirteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.38.

Tractor Supply Trading Up 1.0%

Shares of TSCO stock opened at $30.55 on Wednesday. Tractor Supply Company has a 1-year low of $28.36 and a 1-year high of $63.99. The firm’s 50-day simple moving average is $30.72 and its 200-day simple moving average is $42.32. The firm has a market cap of $16.02 billion, a P/E ratio of 14.98, a PEG ratio of 2.29 and a beta of 0.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results 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 company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, equities analysts forecast that Tractor Supply Company will post 2.11 EPS for the current year.

Tractor Supply Announces Dividend

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