Alpine Woods Capital Investors LLC Invests $1.63 Million in Tractor Supply Company $TSCO

Key Points

• Alpine Woods Capital Investors purchased 51,444 shares of Tractor Supply worth approximately $1.63 million, while institutional investors collectively own 98.72% of the company.
• Analyst sentiment is mixed: Tractor Supply has a consensus “Hold” rating and an average price target of $39.31, with recent target cuts and one downgrade to “Sell.”
• The company slightly missed quarterly expectations, reporting $0.81 in EPS and $4.54 billion in revenue, but revenue increased 2.3% year over year. Tractor Supply also declared a $0.24 quarterly dividend and insiders bought more than $652,000 of stock in the last quarter.

Alpine Woods Capital Investors LLC purchased a new stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 51,444 shares of the specialty retailer's stock, valued at approximately $1,626,000.

A number of other institutional investors have also bought and sold shares of TSCO. Bison Wealth LLC increased its stake in Tractor Supply by 356.1% in the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer's stock valued at $341,000 after purchasing an additional 5,017 shares in the last quarter. Woodline Partners LP increased its holdings in shares of Tractor Supply by 40.7% during 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 in the last quarter. Intech Investment Management LLC raised its position in shares of Tractor Supply by 26.9% during 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 stake in Tractor Supply by 1.2% during the 2nd quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer's stock valued at $16,676,000 after purchasing an additional 3,631 shares in the last quarter. Finally, Glenview Trust co increased its stake in Tractor Supply by 36.0% during the 2nd quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer's stock valued at $1,036,000 after purchasing an additional 5,194 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citigroup reaffirmed a "buy" rating on shares of Tractor Supply in a research report on Thursday, July 16th. Gordon Haskett upped their target price on shares of Tractor Supply from $40.00 to $50.00 in a research note on Friday, June 12th. Robert W. Baird lowered their target price on shares of Tractor Supply from $50.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Weiss Ratings lowered shares of Tractor Supply from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, July 23rd. Finally, Daiwa Securities Group cut their price target 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. Thirteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, Tractor Supply currently has a consensus rating of "Hold" and an average target price of $39.31.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $34.72 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23. The company has a market capitalization of $18.21 billion, a P/E ratio of 18.08, a P/E/G ratio of 11.66 and a beta of 0.47. Tractor Supply Company has a 1 year low of $28.36 and a 1 year high of $62.89. The business has a fifty day simple moving average of $31.58 and a two-hundred day simple moving average of $38.94.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted 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). The business had revenue of $4.54 billion during 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 for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, analysts expect that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Announces Dividend

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 dividend of $0.24 per share. 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 2.8%. Tractor Supply's dividend payout ratio is 50.00%.

Insiders Place Their Bets

In other news, CEO Harry A. Lawton III purchased 15,600 shares of the stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $32.15 per share, with a total value of $501,540.00. Following the completion of the acquisition, the chief executive officer owned 15,600 shares in the company, valued at $501,540. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Edna Morris acquired 1,560 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of $32.44 per share, with a total value of $50,606.40. Following the completion of the transaction, 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 position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 20,310 shares of company stock worth $652,411 in the last quarter. 0.64% of the stock is owned by company insiders.

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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