Mirae Asset Global Investments Co. Ltd. Buys 141,347 Shares of Tractor Supply Company $TSCO

Key Points

• Mirae Asset Global Investments opened a position in Tractor Supply, buying 141,347 shares worth approximately $4.42 million in the third quarter. Institutional investors collectively own 98.72% of the company’s stock.
• Tractor Supply beat quarterly estimates, reporting EPS of $0.43 versus $0.41 expected and revenue of $3.91 billion versus $3.82 billion; revenue rose 5.1% year over year.
• The company declared a quarterly dividend of $0.24 per share, equivalent to $0.96 annually and a yield of about 2.6%. Analysts’ consensus rating is “Hold,” with a $38.62 average price target.

Mirae Asset Global Investments Co. Ltd. bought a new position in Tractor Supply Company (NASDAQ:TSCO - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 141,347 shares of the specialty retailer's stock, valued at approximately $4,423,000.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Tractor Supply during the second quarter valued at $1,500,967,000. Van ECK Associates Corp raised its position in Tractor Supply by 2,983.6% in the 2nd quarter. Van ECK Associates Corp now owns 5,144,955 shares of the specialty retailer's stock worth $162,632,000 after buying an additional 4,978,105 shares during the last quarter. Legal & General Group Plc bought a new position in Tractor Supply during the 2nd quarter valued at about $110,137,000. Bank of America Corp DE bought a new position in Tractor Supply during the 2nd quarter valued at about $105,502,000. Finally, Deutsche Bank AG purchased a new stake in shares of Tractor Supply during the 2nd quarter valued at about $103,881,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Stock Performance

Shares of TSCO traded down $0.26 on Friday, reaching $36.35. The company's stock had a trading volume of 8,330,810 shares, compared to its average volume of 15,127,333. The stock's 50 day simple moving average is $33.37 and its two-hundred day simple moving average is $37.90. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.20. The stock has a market capitalization of $19.06 billion, a P/E ratio of 19.54, a PEG ratio of 3.66 and a beta of 0.49. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $56.94.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.82 billion. Tractor Supply had a net margin of 6.13% and a return on equity of 40.05%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. Research analysts forecast that Tractor Supply Company will post 1.95 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Monday, November 23rd will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, November 23rd. Tractor Supply's dividend payout ratio is currently 51.61%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TSCO shares. Citigroup reiterated a "buy" rating and issued a $38.00 price target (up from $37.00) on shares of Tractor Supply in a research note on Tuesday, October 13th. Telsey Advisory Group restated an "outperform" rating and issued a $40.00 target price (up from $38.00) on shares of Tractor Supply in a report on Friday, October 23rd. Wolfe Research set a $34.00 target price on shares of Tractor Supply in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of Tractor Supply from a "sell" rating to a "hold" rating in a research note on Saturday, October 31st. Finally, Piper Sandler set a $35.00 price target on Tractor Supply in a report on Friday, October 23rd. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Tractor Supply has a consensus rating of "Hold" and a consensus price target of $38.62.

More 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.

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.

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