Fifth Third Bancorp Purchases 92,996 Shares of Tractor Supply Company $TSCO

Fifth Third Bancorp boosted its position in Tractor Supply Company (NASDAQ:TSCO) by 297.7% during the first quarter, Holdings Channel.com reports. The fund owned 124,233 shares of the specialty retailer’s stock after acquiring an additional 92,996 shares during the period. Fifth Third Bancorp’s holdings in Tractor Supply were worth $5,628,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Capital International Investors increased its holdings in Tractor Supply by 3.9% during the 4th quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after purchasing an additional 902,659 shares during the period. State Street Corp lifted its holdings in Tractor Supply by 0.7% in the 4th quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock worth $1,152,819,000 after buying an additional 162,774 shares during the period. Invesco Ltd. boosted its holdings in Tractor Supply by 18.4% in the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after acquiring an additional 2,706,819 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Tractor Supply by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock valued at $791,703,000 after acquiring an additional 184,457 shares in the last quarter. Finally, Capital World Investors increased its position in Tractor Supply by 2.3% during the 4th quarter. Capital World Investors now owns 15,157,047 shares of the specialty retailer’s stock valued at $758,004,000 after purchasing an additional 336,040 shares during the period. 98.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group set a $33.00 target price on shares of Tractor Supply and gave the stock a “neutral” rating in a research report on Tuesday. Loop Capital lowered their price objective on shares of Tractor Supply from $41.00 to $35.00 and set a “hold” rating for the company in a report on Tuesday, June 16th. Bank of America started coverage on Tractor Supply in a research report on Tuesday, April 7th. They set a “neutral” rating and a $47.00 price target on the stock. Barclays set a $35.00 price target on Tractor Supply and gave the stock an “equal weight” rating in a research note on Monday. Finally, Gordon Haskett raised their price objective on Tractor Supply from $40.00 to $50.00 in a research report on Friday, June 12th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.73.

Tractor Supply Stock Performance

TSCO opened at $30.51 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 company has a market cap of $16.00 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 2.36 and a beta of 0.46. The company’s 50 day moving average is $30.65 and its 200 day moving average is $41.94.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The company 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 firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, equities research analysts predict that Tractor Supply Company will post 2.1 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were paid 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 dividend yield of 3.1%. Tractor Supply’s payout ratio is 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.