Danske Bank A S purchased a new stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 192,671 shares of the specialty retailer's stock, valued at approximately $6,090,000.
A number of other hedge funds also recently modified their holdings of TSCO. Goldman Sachs Group Inc. raised its stake in Tractor Supply by 6.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer's stock worth $156,108,000 after acquiring an additional 184,146 shares in the last quarter. Swedbank AB boosted its stake in shares of Tractor Supply by 3.3% in the 4th quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer's stock valued at $56,470,000 after purchasing an additional 36,495 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Tractor Supply by 44.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer's stock valued at $36,364,000 after purchasing an additional 222,750 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Tractor Supply by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer's stock worth $56,086,000 after purchasing an additional 46,010 shares during the last quarter. Finally, King Luther Capital Management Corp grew its holdings in shares of Tractor Supply by 1.6% in the 4th quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer's stock worth $119,410,000 after purchasing an additional 36,778 shares during the last quarter. Institutional investors own 98.72% of the company's stock.
Insider Activity at Tractor Supply
In related news, Director Andre J. Hawaux bought 3,150 shares of the business's stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of $31.83 per share, with a total value of $100,264.50. Following the completion of the purchase, the director owned 3,150 shares of the company's stock, valued at $100,264.50. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Edna Morris bought 1,560 shares of Tractor Supply stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the acquisition, the director owned 279,720 shares of the company's stock, valued at approximately $9,074,116.80. The trade was a 0.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 20,310 shares of company stock worth $652,411. 0.64% of the stock is owned by insiders.
Analyst Ratings Changes
TSCO has been the subject of several analyst reports. Raymond James Financial cut their price target on shares of Tractor Supply from $48.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, July 17th. TD Cowen reaffirmed a "hold" rating on shares of Tractor Supply in a report on Wednesday, July 15th. Gordon Haskett raised their price objective on shares of Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. Wells Fargo & Company cut their target price on shares of Tractor Supply from $47.00 to $35.00 and set an "overweight" rating for the company in a research note on Wednesday, July 15th. Finally, Guggenheim set a $40.00 target price on Tractor Supply and gave the stock a "buy" rating in a report on Friday, July 24th. Thirteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $39.31.
Check Out Our Latest Research Report on Tractor Supply
Tractor Supply Price Performance
Shares of TSCO stock opened at $34.98 on Friday. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $62.89. The stock has a market cap of $18.35 billion, a PE ratio of 18.22, a PEG ratio of 11.40 and a beta of 0.47. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. The firm's 50 day moving average price is $31.82 and its two-hundred day moving average price is $38.69.
Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The business's revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, analysts forecast that Tractor Supply Company will post 1.93 EPS for the current year.
Tractor Supply Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, August 24th. Tractor Supply's dividend payout ratio is currently 50.00%.
About Tractor Supply
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Tractor Supply, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tractor Supply wasn't on the list.
While Tractor Supply currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
