Benjamin Edwards Inc. Has $6.66 Million Holdings in Tractor Supply Company $TSCO

Benjamin Edwards Inc. reduced its position in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 73.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 210,785 shares of the specialty retailer's stock after selling 585,119 shares during the period. Benjamin Edwards Inc.'s holdings in Tractor Supply were worth $6,662,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSCO. Bison Wealth LLC raised its position in Tractor Supply by 356.1% during the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer's stock valued at $341,000 after acquiring an additional 5,017 shares in the last quarter. Woodline Partners LP grew its position in Tractor Supply by 40.7% in the first quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer's stock worth $2,487,000 after acquiring an additional 13,051 shares in the last quarter. Intech Investment Management LLC grew its position in Tractor Supply by 26.9% in the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer's stock worth $1,442,000 after acquiring an additional 5,542 shares in the last quarter. Sei Investments Co. raised its holdings in shares of 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 raised its holdings in shares of 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. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Tractor Supply news, Director Andre J. Hawaux acquired 3,150 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were acquired 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 owned 3,150 shares of the company's stock, valued at approximately $100,264.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Harry A. Lawton III acquired 15,600 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the purchase, the chief executive officer directly owned 15,600 shares of the company's stock, valued at $501,540. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 20,310 shares of company stock valued at $652,411. 0.64% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wolfe Research set a $34.00 price objective on shares of Tractor Supply in a report on Thursday, July 16th. Weiss Ratings upgraded Tractor Supply from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday. Argus set a $41.00 price target on Tractor Supply in a research report on Tuesday, July 28th. Truist Financial set a $32.00 price target on Tractor Supply and gave the stock a "hold" rating in a research note on Tuesday, June 16th. Finally, Guggenheim set a $40.00 price objective on Tractor Supply and gave the company a "buy" rating in a report on Friday, July 24th. Thirteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $39.31.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $34.72 on Monday. 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 firm has a fifty day simple moving average of $32.31 and a 200-day simple moving average of $37.91. The stock has a market capitalization of $18.21 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 11.29 and a beta of 0.47. Tractor Supply Company has a 1-year low of $28.36 and a 1-year high of $62.87.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its 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 firm had revenue of $4.54 billion during 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%. The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, sell-side analysts expect that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply's dividend payout ratio (DPR) is currently 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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