Pictet Asset Management Holding SA Increases Stake in Tractor Supply Company $TSCO

Pictet Asset Management Holding SA raised its position in Tractor Supply Company (NASDAQ:TSCO) by 18.9% in the 1st quarter, Holdings Channel reports. The fund owned 990,335 shares of the specialty retailer’s stock after acquiring an additional 157,253 shares during the period. Pictet Asset Management Holding SA’s holdings in Tractor Supply were worth $44,863,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Garner Asset Management Corp purchased a new stake in Tractor Supply in the 4th quarter valued at approximately $25,000. Reflection Asset Management acquired a new stake in shares of Tractor Supply in the 4th quarter valued at approximately $26,000. Aventura Private Wealth LLC purchased a new stake in shares of Tractor Supply in the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC acquired a new position in Tractor Supply during the fourth quarter worth $27,000. Finally, Bayban purchased a new position in Tractor Supply in the fourth quarter worth $28,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Argus decreased their target price on shares of Tractor Supply from $64.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Weiss Ratings downgraded shares of Tractor Supply from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 8th. The Goldman Sachs Group lowered their target price on shares of Tractor Supply from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Stephens reduced their price target on shares of Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 22nd. Finally, Morgan Stanley decreased their price target on Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 22nd. Fourteen analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

Tractor Supply Stock Performance

Shares of TSCO opened at $31.61 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86. The stock has a market cap of $16.58 billion, a P/E ratio of 15.50, a PEG ratio of 2.36 and a beta of 0.47. The company has a 50-day moving average of $32.01 and a two-hundred day moving average of $43.82. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last released 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). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the company earned $0.34 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, research analysts predict that Tractor Supply Company will post 2.11 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently disclosed 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 of this dividend was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.0%. Tractor Supply’s dividend payout ratio (DPR) is presently 47.06%.

Tractor Supply 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.