47,483,939 Shares in Tractor Supply Company $TSCO Purchased by BlackRock Inc.

BlackRock Inc. acquired a new position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 47,483,939 shares of the specialty retailer's stock, valued at approximately $1,500,967,000. BlackRock Inc. owned about 9.05% of Tractor Supply as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSCO. Bison Wealth LLC boosted its position in Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer's stock valued at $341,000 after buying an additional 5,017 shares during the last quarter. Woodline Partners LP boosted its holdings in Tractor Supply by 40.7% in the first quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer's stock valued at $2,487,000 after acquiring an additional 13,051 shares during the last quarter. Intech Investment Management LLC increased its position in Tractor Supply by 26.9% in the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer's stock worth $1,442,000 after purchasing an additional 5,542 shares during the period. Sei Investments Co. increased its position in Tractor Supply by 1.2% in the second quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer's stock worth $16,676,000 after purchasing an additional 3,631 shares during the period. Finally, Glenview Trust co raised its holdings in Tractor Supply by 36.0% during the 2nd quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer's stock worth $1,036,000 after purchasing an additional 5,194 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TSCO. Telsey Advisory Group cut their target price on shares of Tractor Supply from $40.00 to $38.00 and set an "outperform" rating on the stock 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. Daiwa Securities Group cut their price objective on shares of Tractor Supply from $52.00 to $41.00 and set a "neutral" rating on the stock in a report on Thursday, April 23rd. Weiss Ratings cut shares of Tractor Supply from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, July 23rd. Finally, DA Davidson lowered their target price on shares of Tractor Supply from $50.00 to $40.00 and set a "buy" rating for the company in a report on Monday, June 22nd. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $39.31.

Insider Buying and Selling at Tractor Supply

In other news, CEO Harry A. Lawton III purchased 15,600 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $32.15 per share, with a total value of $501,540.00. Following the purchase, the chief executive officer directly owned 15,600 shares of the company's stock, valued at $501,540. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andre J. Hawaux purchased 3,150 shares of the company's stock in a transaction on Monday, August 3rd. The stock was purchased at an average cost of $31.83 per share, for a total transaction of $100,264.50. Following the purchase, the director directly owned 3,150 shares in the company, valued at approximately $100,264.50. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 20,310 shares of company stock valued at $652,411. 0.64% of the stock is currently owned by corporate insiders.

Tractor Supply Stock Performance

TSCO stock opened at $35.05 on Friday. Tractor Supply Company has a 1-year low of $28.36 and a 1-year high of $62.89. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. The firm has a market cap of $18.38 billion, a PE ratio of 18.26, a P/E/G ratio of 11.53 and a beta of 0.47. The business's 50-day moving average price is $31.75 and its two-hundred day moving average price is $38.72.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the company earned $0.81 earnings per share. The firm's revenue was up 2.3% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, research analysts forecast that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Announces Dividend

The business 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 $0.24 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a yield of 2.7%. Tractor Supply's payout ratio is presently 50.00%.

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.

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