Bank of America Corp DE Makes New $105.50 Million Investment in Tractor Supply Company $TSCO

Key Points

• Bank of America initiated a $105.5 million position in Tractor Supply during the second quarter, buying 3.34 million shares and becoming the owner of approximately 0.64% of the company. Institutional investors collectively own 98.72% of TSCO.
• Tractor Supply’s latest quarter slightly missed expectations, with adjusted EPS of $0.81 versus $0.82 expected and revenue of $4.54 billion versus $4.58 billion forecast. Revenue still increased 2.3% year over year, while fiscal 2026 EPS guidance remains $1.90–$2.00.
• The stock carries a consensus “Hold” rating and an average analyst price target of $39.31, compared with a recent price of $32.21. The company also pays a quarterly dividend of $0.24, or $0.96 annualized, yielding about 3.0%.

Bank of America Corp DE purchased a new position in Tractor Supply Company (NASDAQ:TSCO - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,337,601 shares of the specialty retailer's stock, valued at approximately $105,502,000. Bank of America Corp DE owned 0.64% of Tractor Supply at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Tractor Supply during the second quarter valued at about $1,500,967,000. Capital International Investors raised its stake in Tractor Supply by 3.9% during the 4th quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer's stock valued at $1,214,390,000 after purchasing an additional 902,659 shares during the period. Geode Capital Management LLC raised its stake 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 period. Capital World Investors lifted its holdings in Tractor Supply by 2.3% in the 4th quarter. Capital World Investors now owns 15,157,047 shares of the specialty retailer's stock worth $758,004,000 after purchasing an additional 336,040 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Tractor Supply by 37.1% in the 4th quarter. Franklin Resources Inc. now owns 7,705,579 shares of the specialty retailer's stock worth $385,356,000 after purchasing an additional 2,086,472 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Stock Performance

TSCO stock opened at $32.21 on Friday. Tractor Supply Company has a one year low of $28.36 and a one year high of $60.15. The firm has a market cap of $16.89 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 3.54 and a beta of 0.48. 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 has a 50-day simple moving average of $33.28 and a two-hundred day simple moving average of $35.99.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 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 firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the firm earned $0.81 EPS. The company'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. On average, equities analysts forecast that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, August 24th. Tractor Supply's dividend payout ratio (DPR) is currently 50.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Citigroup reissued a "buy" rating on shares of Tractor Supply in a report on Thursday, July 16th. Zacks Research downgraded shares of Tractor Supply from a "hold" rating to a "strong sell" rating in a report on Monday, July 13th. Raymond James Financial decreased their price target on shares of Tractor Supply from $48.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, July 17th. Barclays set a $35.00 price objective on Tractor Supply and gave the company an "equal weight" rating in a research report on Monday, July 13th. Finally, UBS Group set a $33.00 target price on Tractor Supply and gave the stock a "neutral" rating in a report on Tuesday, July 14th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $39.31.

Insider Transactions at Tractor Supply

In related news, Director Edna Morris bought 1,560 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $32.44 per share, with a total value of $50,606.40. Following the transaction, the director owned 279,720 shares in the company, valued at approximately $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Harry A. Lawton III purchased 15,600 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the purchase, the chief executive officer directly owned 15,600 shares in the company, valued at $501,540. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 20,310 shares of company stock worth $652,411. Insiders own 0.64% of the company's stock.

Tractor Supply Profile

Tractor Supply Company NASDAQ: TSCO is a specialty retailer serving the needs of recreational farmers, ranchers, homeowners, pet owners and other customers who live a rural lifestyle. The company operates Tractor Supply stores across the United States, offering products designed for agriculture, home improvement, outdoor living and animal care.

Its merchandise includes livestock and pet supplies, agricultural and lawn-and-garden equipment, tools, hardware, fencing, workwear, footwear, outdoor power equipment, seasonal goods and home products.

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