Benjamin Edwards Inc. Sells 585,119 Shares of Tractor Supply Company $TSCO

Key Points

• Benjamin Edwards Inc. cut its Tractor Supply stake by 73.5%, selling 585,119 shares and retaining 210,785 shares valued at approximately $6.66 million. Institutional investors collectively own 98.72% of the company.
• Tractor Supply’s latest quarterly results slightly missed expectations, with earnings of $0.81 per share versus $0.82 expected and revenue of $4.54 billion versus $4.58 billion expected. Revenue nevertheless increased 2.3% year over year, while fiscal 2026 EPS guidance remains $1.90–$2.00.
• The company declared a quarterly dividend of $0.24 per share, equivalent to $0.96 annually and a 2.7% yield. Analysts have a consensus “Hold” rating and an average price target of $39.31, above the reported $36.17 share price.

Benjamin Edwards Inc. lessened its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 73.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in shares of Tractor Supply by 6.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer's stock valued at $156,108,000 after buying an additional 184,146 shares during the last quarter. Swedbank AB increased its holdings in shares of Tractor Supply by 3.3% in the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer's stock worth $56,470,000 after buying an additional 36,495 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Tractor Supply by 44.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer's stock valued at $36,364,000 after acquiring an additional 222,750 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Tractor Supply by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer's stock valued at $56,086,000 after acquiring an additional 46,010 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its holdings in Tractor Supply by 1.6% during the 4th quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer's stock valued at $119,410,000 after acquiring an additional 36,778 shares during the period. Institutional investors and hedge funds own 98.72% of the company's stock.

Insider Buying and Selling

In other Tractor Supply news, Director Edna Morris acquired 1,560 shares of the company's stock in a transaction that occurred 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 completion of the acquisition, the director owned 279,720 shares in the company, valued at $9,074,116.80. This represents a 0.56% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Harry A. Lawton III bought 15,600 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of $32.15 per share, with a total value of $501,540.00. Following the completion of the transaction, 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. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 20,310 shares of company stock worth $652,411. 0.64% of the stock is owned by insiders.

Tractor Supply Trading Down 0.7%

Shares of NASDAQ TSCO opened at $36.17 on Friday. Tractor Supply Company has a 1 year low of $28.36 and a 1 year high of $62.89. 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 has a 50-day moving average of $31.27 and a 200 day moving average of $39.37. The stock has a market cap of $18.97 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 11.85 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $4.54 billion for 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%. Tractor Supply's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, sell-side analysts expect that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a yield of 2.7%. Tractor Supply's dividend payout ratio is 50.00%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TSCO. Piper Sandler set a $31.00 target price on shares of Tractor Supply and gave the stock a "neutral" rating in a report on Friday, July 24th. Evercore reissued an "outperform" rating and set a $40.00 price target on shares of Tractor Supply in a research report on Tuesday, July 7th. Weiss Ratings lowered shares of Tractor Supply from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, July 23rd. Telsey Advisory Group lowered their price objective on shares of Tractor Supply from $40.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, July 24th. Finally, Raymond James Financial cut their target price on Tractor Supply from $48.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $39.31.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source