AXQ Capital LP lifted its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 91.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,804 shares of the specialty retailer's stock after acquiring an additional 35,227 shares during the quarter. AXQ Capital LP's holdings in Tractor Supply were worth $2,333,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Tractor Supply during the second quarter worth $1,500,967,000. Norges Bank bought a new stake in Tractor Supply during the fourth quarter worth $303,862,000. Van ECK Associates Corp lifted its stake in Tractor Supply by 2,983.6% in the 2nd quarter. Van ECK Associates Corp now owns 5,144,955 shares of the specialty retailer's stock valued at $162,632,000 after purchasing an additional 4,978,105 shares during the last quarter. Select Equity Group L.P. lifted its position in shares of Tractor Supply by 41.9% in the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer's stock valued at $670,887,000 after buying an additional 3,753,414 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in Tractor Supply during the second quarter worth $110,137,000. 98.72% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Tractor Supply news, Director Edna Morris acquired 1,560 shares of Tractor Supply stock in a transaction on Tuesday, August 4th. The stock was purchased at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the purchase, 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Andre Hawaux bought 3,150 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were acquired at an average cost of $31.83 per share, with a total value of $100,264.50. Following the completion of the transaction, the director owned 3,150 shares in the company, valued at approximately $100,264.50. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 20,310 shares of company stock valued at $652,411. Insiders own 0.64% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on TSCO. Weiss Ratings upgraded Tractor Supply from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 26th. Mizuho set a $28.00 price target on Tractor Supply and gave the company a "neutral" rating in a research note on Friday, July 24th. Evercore restated an "outperform" rating and issued a $40.00 price target on shares of Tractor Supply in a research report on Tuesday, July 7th. Wall Street Zen downgraded Tractor Supply from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $38.00 price target (down from $43.00) on shares of Tractor Supply in a research report on Friday, July 24th. Thirteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $39.31.
Read Our Latest Stock Analysis on Tractor Supply
Tractor Supply Stock Performance
NASDAQ TSCO opened at $34.60 on Friday. The company has a fifty day simple moving average of $32.68 and a 200 day simple moving average of $37.35. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $60.87. 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 company has a market cap of $18.15 billion, a P/E ratio of 18.02, a PEG ratio of 3.76 and a beta of 0.48.
Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly 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 company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. Tractor Supply's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Sell-side analysts predict that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.
Tractor Supply Dividend Announcement
The firm also recently declared 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. This represents a $0.96 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, August 24th. Tractor Supply's dividend payout ratio (DPR) is 50.00%.
About Tractor Supply
(
Free Report)
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.
See Also
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