361,981 Shares in Tractor Supply Company $TSCO Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 361,981 shares of Tractor Supply in the second quarter, valued at approximately $11.4 million. Institutional investors and hedge funds collectively own 98.72% of the company.
• Tractor Supply insiders purchased 20,310 shares worth about $652,411 during the last quarter, including purchases by Director Edna Morris and CEO Harry A. Lawton III.
• The stock opened at $34.72, while analysts have a consensus “Hold” rating and an average price target of $39.31. The company recently reported slightly below-consensus quarterly earnings and declared a $0.24 quarterly dividend, yielding approximately 2.8%.

Corient Private Wealth LP bought a new stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 361,981 shares of the specialty retailer's stock, valued at approximately $11,442,000. Corient Private Wealth LP owned 0.07% of Tractor Supply as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TSCO. Garner Asset Management Corp acquired a new position in Tractor Supply in the 4th quarter worth about $25,000. Elevation Wealth Partners LLC grew its holdings in Tractor Supply by 1,253.4% in the second quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 727 shares during the period. Reflection Asset Management acquired a new stake in Tractor Supply in the fourth quarter valued at approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Tractor Supply in the second quarter valued at approximately $26,000. Finally, Core Wealth Advisors LLC purchased a new stake in shares of Tractor Supply in the fourth quarter valued at approximately $27,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tractor Supply

In related news, Director Edna Morris bought 1,560 shares of the stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the acquisition, the director directly owned 279,720 shares in the company, valued at approximately $9,074,116.80. This trade represents a 0.56% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Harry A. Lawton III bought 15,600 shares of the stock in a transaction dated Tuesday, August 4th. The shares were bought at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the acquisition, the chief executive officer owned 15,600 shares in the company, valued at approximately $501,540. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 20,310 shares of company stock valued at $652,411. Corporate insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TSCO. Wolfe Research set a $34.00 target price on Tractor Supply in a research report on Thursday, July 16th. 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. Wall Street Zen cut shares of Tractor Supply from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. Gordon Haskett increased their price objective on shares of Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. Finally, Loop Capital dropped their target price on shares of Tractor Supply from $41.00 to $35.00 and set a "hold" rating on the stock in a research report on Tuesday, June 16th. Thirteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Tractor Supply has an average rating of "Hold" and a consensus target price of $39.31.

Tractor Supply Trading Up 0.1%

Shares of TSCO opened at $34.72 on Friday. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $62.87. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83. The firm's fifty day moving average is $32.31 and its two-hundred day moving average is $38.02. The stock has a market cap of $18.21 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 11.29 and a beta of 0.47.

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 analysts' consensus estimates of $0.82 by ($0.01). The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. Tractor Supply's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Research analysts forecast that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply's dividend payout ratio is currently 50.00%.

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.

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