Resources Management Corp CT ADV Purchases 97,728 Shares of Tractor Supply Company $TSCO

Resources Management Corp CT ADV boosted its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 800.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 109,938 shares of the specialty retailer’s stock after acquiring an additional 97,728 shares during the quarter. Resources Management Corp CT ADV’s holdings in Tractor Supply were worth $5,498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Garner Asset Management Corp bought a new stake in Tractor Supply during the 4th quarter valued at $25,000. Aventura Private Wealth LLC bought a new stake in Tractor Supply during the 4th quarter valued at $27,000. Core Wealth Advisors LLC bought a new position in Tractor Supply in the 4th quarter worth $27,000. JPL Wealth Management LLC bought a new position in Tractor Supply in the 3rd quarter worth $28,000. Finally, Valley Wealth Managers Inc. bought a new position in Tractor Supply in the 4th quarter worth $32,000. 98.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. BNP Paribas Exane decreased their price objective on shares of Tractor Supply from $58.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, April 22nd. Wall Street Zen upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Piper Sandler lowered shares of Tractor Supply from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $51.00 to $36.00 in a report on Tuesday, May 5th. Wells Fargo & Company decreased their price objective on shares of Tractor Supply from $55.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Finally, Barclays decreased their price objective on shares of Tractor Supply from $51.00 to $44.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.81.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $31.25 on Monday. The firm’s 50-day moving average price is $35.45 and its 200-day moving average price is $45.80. The company has a market capitalization of $16.39 billion, a PE ratio of 15.32, a P/E/G ratio of 2.34 and a beta of 0.47. 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 Company has a 1-year low of $28.36 and a 1-year high of $63.99.

Tractor Supply (NASDAQ:TSCO) last released its earnings results 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 business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, equities analysts predict that Tractor Supply Company will post 2.14 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.1%. Tractor Supply’s dividend payout ratio is currently 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.