Assenagon Asset Management S.A. Has $5.14 Million Stock Position in Tractor Supply Company $TSCO

Key Points

• Assenagon Asset Management cut its Tractor Supply stake by 28.5% in the second quarter, selling 64,849 shares and retaining 162,613 shares valued at approximately $5.14 million. Institutional investors collectively own 98.72% of the company.
• Analyst sentiment is mixed, with 13 Buy, 12 Hold, and three Sell ratings; the stock has an average rating of Hold and a consensus price target of $39.31.
• Tractor Supply narrowly missed quarterly expectations, reporting $0.81 EPS and $4.54 billion in revenue, while revenue rose 2.3% year over year. The company declared a quarterly dividend of $0.24 per share, representing a 2.6% annualized yield.

Assenagon Asset Management S.A. cut its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 28.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 162,613 shares of the specialty retailer's stock after selling 64,849 shares during the period. Assenagon Asset Management S.A.'s holdings in Tractor Supply were worth $5,140,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TSCO. Capital International Investors boosted its stake in shares of Tractor Supply by 3.9% during the 4th quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer's stock worth $1,214,390,000 after acquiring an additional 902,659 shares during the period. State Street Corp raised its stake in Tractor Supply by 0.7% in the 4th quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer's stock valued at $1,152,819,000 after acquiring an additional 162,774 shares during the period. Invesco Ltd. raised its stake in Tractor Supply by 18.4% in the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer's stock valued at $871,855,000 after acquiring an additional 2,706,819 shares during the period. Geode Capital Management LLC lifted its holdings in Tractor Supply by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer's stock valued at $791,703,000 after purchasing an additional 184,457 shares during the last quarter. Finally, Capital World Investors lifted its holdings in Tractor Supply by 2.3% during the 4th quarter. Capital World Investors now owns 15,157,047 shares of the specialty retailer's stock valued at $758,004,000 after purchasing an additional 336,040 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TSCO shares. TD Cowen reissued a "hold" rating on shares of Tractor Supply in a research report on Wednesday, July 15th. Gordon Haskett lifted their target price on shares of Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. Jefferies Financial Group reiterated a "buy" rating and issued a $51.00 price target on shares of Tractor Supply in a research note on Tuesday, April 21st. The Goldman Sachs Group reissued a "buy" rating and issued a $38.00 price target (down from $43.00) on shares of Tractor Supply in a report on Friday, July 24th. Finally, Raymond James Financial lowered their price target on shares of Tractor Supply from $48.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Tractor Supply presently has an average rating of "Hold" and an average price target of $39.31.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $36.43 on Thursday. Tractor Supply Company has a 52 week low of $28.36 and a 52 week high of $62.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. The firm's 50-day simple moving average is $31.13 and its 200 day simple moving average is $39.50. The firm has a market cap of $19.11 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 11.48 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings data 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 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 in the prior year, the firm earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, sell-side analysts predict that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, August 24th. Tractor Supply's payout ratio is currently 50.00%.

Insiders Place Their Bets

In other Tractor Supply news, Director Andre J. Hawaux bought 3,150 shares of the business'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 completion of the purchase, the director directly owned 3,150 shares of the company's stock, valued at approximately $100,264.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Edna Morris purchased 1,560 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the purchase, the director owned 279,720 shares in the company, valued at approximately $9,074,116.80. The trade was a 0.56% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 20,310 shares of company stock worth $652,411 over the last three months. Insiders own 0.64% of the company's stock.

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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