Mirae Asset Global Investments Co. Ltd. Makes New Investment in Tractor Supply Company $TSCO

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) during the third quarter, HoldingsChannel reports. The fund purchased 141,347 shares of the specialty retailer’s stock, valued at approximately $4,423,000.

Several other large investors have also made changes to their positions in the business. ProShare Advisors LLC raised its stake in Tractor Supply by 8.8% during the 3rd quarter. ProShare Advisors LLC now owns 100,092 shares of the specialty retailer’s stock valued at $3,132,000 after purchasing an additional 8,120 shares during the period. Invera Wealth Advisors LLC grew its holdings in Tractor Supply by 105.0% during the 3rd quarter. Invera Wealth Advisors LLC now owns 22,797 shares of the specialty retailer’s stock valued at $713,000 after buying an additional 11,675 shares in the last quarter. MGO One Seven LLC grew its holdings in Tractor Supply by 13.8% during the 3rd quarter. MGO One Seven LLC now owns 13,439 shares of the specialty retailer’s stock valued at $421,000 after buying an additional 1,627 shares in the last quarter. Partners Wealth Management LLC bought a new stake in shares of Tractor Supply during the third quarter valued at approximately $321,000. Finally, SS&H Financial Advisors Inc. raised its position in shares of Tractor Supply by 32.0% during the third quarter. SS&H Financial Advisors Inc. now owns 150,036 shares of the specialty retailer’s stock valued at $4,695,000 after buying an additional 36,350 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Key Tractor Supply News

Here are the key news stories impacting Tractor Supply this week:

• Positive Sentiment: The board declared a quarterly dividend of $0.24 per share, or $0.96 annualized, with a roughly 2.6%–2.7% yield. Shareholders of record November 23 are scheduled to be paid December 8. Dividend announcement
• Neutral Sentiment: Zacks raised some estimates, including FY2026 EPS to $1.95 from $1.93 and FY2028 third-quarter EPS to $0.55 from $0.52, but kept its Hold rating.
• Negative Sentiment: Several other estimates were reduced, including FY2027 EPS to $2.05 from $2.09 and FY2028 EPS to $2.31 from $2.45. Forecasts for Q2 2027 and Q1 2028 were also cut, signaling a more cautious outlook on earnings growth.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research report on Saturday, October 31st. Wolfe Research set a $34.00 price target on shares of Tractor Supply in a report on Thursday, July 16th. Truist Financial set a $33.00 price objective on shares of Tractor Supply and gave the company a “hold” rating in a report on Monday, October 19th. Zacks Research upgraded Tractor Supply from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Piper Sandler set a $35.00 target price on Tractor Supply in a report on Friday, October 23rd. Thirteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Tractor Supply presently has an average rating of “Hold” and an average price target of $38.62.

Tractor Supply Trading Down 0.7%

TSCO stock traded down $0.26 during mid-day trading on Friday, reaching $36.35. 8,330,810 shares of the stock traded hands, compared to its average volume of 15,127,333. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.20 and a current ratio of 1.38. Tractor Supply Company has a one year low of $28.36 and a one year high of $56.94. The stock has a market capitalization of $19.06 billion, a PE ratio of 19.54, a PEG ratio of 3.66 and a beta of 0.49. The business has a 50-day moving average price of $33.37 and a two-hundred day moving average price of $37.90.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.82 billion. Tractor Supply had a return on equity of 40.05% and a net margin of 6.13%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share. Equities research analysts expect that Tractor Supply Company will post 1.95 EPS for the current year.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 8th. Stockholders of record on Monday, November 23rd will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.6%. Tractor Supply’s payout ratio is presently 51.61%.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.