54,352 Shares in Tractor Supply Company $TSCO Purchased by Freestone Grove Partners LP

Key Points

• Freestone Grove Partners acquired 54,352 Tractor Supply shares worth approximately $1.72 million, while institutional investors collectively own 98.72% of the company.
• Tractor Supply’s latest quarterly results slightly missed expectations, with earnings of $0.81 per share and revenue of $4.54 billion; revenue still rose 2.3% year over year.
• Insiders purchased 20,310 shares worth $652,411 over the past quarter, and the company declared a quarterly dividend of $0.24 per share, representing a 2.8% yield.

Freestone Grove Partners LP purchased a new stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 54,352 shares of the specialty retailer's stock, valued at approximately $1,718,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPL Wealth Management LLC purchased a new stake in Tractor Supply in the 3rd quarter worth approximately $28,000. Garner Asset Management Corp purchased a new position in shares of Tractor Supply during the fourth quarter valued at approximately $25,000. Reflection Asset Management purchased a new position in shares of Tractor Supply during the fourth quarter valued at approximately $26,000. Core Wealth Advisors LLC purchased a new position in shares of Tractor Supply during the fourth quarter valued at approximately $27,000. Finally, Bayban bought a new position in shares of Tractor Supply during the fourth quarter valued at approximately $28,000. Institutional investors own 98.72% of the company's stock.

Insiders Place Their Bets

In other Tractor Supply news, Director Edna Morris acquired 1,560 shares of the business's stock in a transaction on 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 owned 279,720 shares in the company, valued at $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Harry A. Lawton III bought 15,600 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were acquired at an average cost 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 approximately $501,540. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 20,310 shares of company stock worth $652,411. 0.64% of the stock is currently owned by company insiders.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $34.72 on Friday. Tractor Supply Company has a 12 month low of $28.36 and a 12 month high of $62.87. The firm has a market capitalization of $18.21 billion, a P/E ratio of 18.08, a P/E/G 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. The business has a fifty day simple moving average of $32.31 and a two-hundred day simple moving average of $38.02.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share 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 analysts' expectations of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, equities 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. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.96 annualized dividend and a yield of 2.8%. Tractor Supply's payout ratio is presently 50.00%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. TD Cowen reaffirmed a "hold" rating on shares of Tractor Supply in a research note on Wednesday, July 15th. Morgan Stanley reissued a "negative" rating and set a $35.00 price objective on shares of Tractor Supply in a research report on Friday, July 24th. Truist Financial set a $32.00 price objective on shares of Tractor Supply and gave the stock a "hold" rating in a report on Tuesday, June 16th. Citigroup restated a "buy" rating on shares of Tractor Supply in a report on Thursday, July 16th. Finally, Argus set a $41.00 target price on shares of Tractor Supply in a research report on Tuesday, July 28th. Thirteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Tractor Supply currently has an average rating of "Hold" and a consensus price target of $39.31.

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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