Bank of New York Mellon Corp Acquires New Shares in Tractor Supply Company $TSCO

Bank of New York Mellon Corp acquired a new stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,903,254 shares of the specialty retailer's stock, valued at approximately $91,772,000. Bank of New York Mellon Corp owned about 0.55% of Tractor Supply at the end of the most recent quarter.

Several other hedge funds 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 purchasing an additional 902,659 shares during the last quarter. State Street Corp raised its position in shares of Tractor Supply by 0.7% in the fourth quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer's stock valued at $1,152,819,000 after buying an additional 162,774 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Tractor Supply by 18.4% during the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer's stock valued at $871,855,000 after buying an additional 2,706,819 shares during the period. Geode Capital Management LLC lifted its stake in shares of Tractor Supply by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer's stock valued at $791,703,000 after buying an additional 184,457 shares during the period. Finally, Capital World Investors boosted its position in Tractor Supply by 2.3% during the fourth quarter. Capital World Investors now owns 15,157,047 shares of the specialty retailer's stock worth $758,004,000 after acquiring an additional 336,040 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

Insider Buying and Selling

In related news, Director Andre J. Hawaux purchased 3,150 shares of the stock in a transaction dated Monday, August 3rd. The stock was bought at an average cost of $31.83 per share, with a total value of $100,264.50. Following the purchase, the director directly owned 3,150 shares in the company, valued at $100,264.50. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Edna Morris purchased 1,560 shares of Tractor Supply stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the transaction, the director owned 279,720 shares of the company's stock, valued at approximately $9,074,116.80. This represents a 0.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 20,310 shares of company stock valued at $652,411 over the last ninety days. Insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

TSCO has been the subject of several analyst reports. Raymond James Financial dropped their target price on Tractor Supply from $48.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, July 17th. Argus set a $41.00 price objective on shares of Tractor Supply in a research note on Tuesday, July 28th. Piper Sandler set a $31.00 target price on Tractor Supply and gave the company a "neutral" rating in a research note on Friday, July 24th. Truist Financial set a $32.00 price target on shares of Tractor Supply and gave the stock a "hold" rating in a research note on Tuesday, June 16th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $38.00 price objective (down from $43.00) on shares of Tractor Supply in a research note on Friday, July 24th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Tractor Supply currently has a consensus rating of "Hold" and an average target price of $39.31.

Tractor Supply Stock Up 2.7%

TSCO opened at $35.92 on Tuesday. The company has a market capitalization of $18.84 billion, a P/E ratio of 18.71, a P/E/G ratio of 11.38 and a beta of 0.47. 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 firm's fifty day moving average price is $31.92 and its two-hundred day moving average price is $38.47. Tractor Supply Company has a fifty-two week low of $28.36 and a fifty-two week high of $62.89.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data 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). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The firm's revenue for the quarter 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, analysts anticipate that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

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 paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply's payout ratio is 50.00%.

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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