473,271 Shares in Tractor Supply Company $TSCO Bought by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC bought a new stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 473,271 shares of the specialty retailer's stock, valued at approximately $14,960,000. Beacon Pointe Advisors LLC owned about 0.09% of Tractor Supply at the end of the most recent reporting period.

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

Tractor Supply Price Performance

TSCO stock opened at $34.72 on Friday. The firm has a 50 day moving average of $32.31 and a 200-day moving average of $38.02. The company has a market cap of $18.21 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 11.29 and a beta of 0.47. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $62.87.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.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, equities analysts expect that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders 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 dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply's dividend payout ratio (DPR) is currently 50.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TSCO. Mizuho set a $28.00 target price on shares of Tractor Supply and gave the stock a "neutral" rating in a research report on Friday, July 24th. Wolfe Research set a $34.00 price target on shares of Tractor Supply in a research note on Thursday, July 16th. Evercore reissued an "outperform" rating and set a $40.00 price objective on shares of Tractor Supply in a research report on Tuesday, July 7th. Wall Street Zen cut shares of Tractor Supply from a "hold" rating to a "sell" rating in a report on Sunday, July 12th. Finally, Guggenheim set a $40.00 target price on shares of Tractor Supply and gave the stock a "buy" rating in a research note on Friday, July 24th. Thirteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $39.31.

Insider Transactions at Tractor Supply

In other Tractor Supply news, Director Edna Morris acquired 1,560 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the acquisition, the director directly owned 279,720 shares of the company's stock, valued at $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Harry A. Lawton III acquired 15,600 shares of the stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average cost of $32.15 per share, with a total value of $501,540.00. Following the transaction, the chief executive officer owned 15,600 shares of the company's stock, valued at approximately $501,540. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 20,310 shares of company stock worth $652,411 over the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

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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