Bontempo Ohly Capital Mgmt LLC Acquires Shares of 95,506 Tractor Supply Company $TSCO

Bontempo Ohly Capital Mgmt LLC acquired a new position in Tractor Supply Company (NASDAQ:TSCO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 95,506 shares of the specialty retailer's stock, valued at approximately $3,019,000. Tractor Supply accounts for about 1.3% of Bontempo Ohly Capital Mgmt LLC's portfolio, making the stock its 26th largest holding.

Several other hedge funds have also modified their holdings of TSCO. JPL Wealth Management LLC purchased a new position in shares of Tractor Supply in the 3rd quarter valued at about $28,000. Garner Asset Management Corp purchased a new position in Tractor Supply during the fourth quarter worth approximately $25,000. Reflection Asset Management purchased a new position in Tractor Supply during the fourth quarter worth approximately $26,000. Core Wealth Advisors LLC acquired a new stake in Tractor Supply in the fourth quarter valued at approximately $27,000. Finally, Bayban acquired a new stake in Tractor Supply in the fourth quarter valued at approximately $28,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TSCO has been the subject of several research analyst reports. Loop Capital reduced their target price on Tractor Supply from $41.00 to $35.00 and set a "hold" rating for the company in a research note on Tuesday, June 16th. Wells Fargo & Company dropped their price target on shares of Tractor Supply from $47.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 15th. Guggenheim set a $40.00 price target on shares of Tractor Supply and gave the stock a "buy" rating in a report on Friday, July 24th. Morgan Stanley restated a "negative" rating and set a $35.00 price objective on shares of Tractor Supply in a research report on Friday, July 24th. Finally, Robert W. Baird decreased their price objective on shares of Tractor Supply from $50.00 to $38.00 and set an "outperform" rating on the stock in a report on Monday, July 20th. Thirteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $39.31.

Tractor Supply Stock Down 1.0%

Shares of TSCO opened at $35.01 on Thursday. The stock has a 50 day moving average price of $32.13 and a 200 day moving average price of $38.19. 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 stock has a market capitalization of $18.36 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 11.51 and a beta of 0.47. Tractor Supply Company has a one year low of $28.36 and a one year high of $62.89.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released 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 business had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.Tractor Supply's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Equities research analysts forecast that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued a $0.24 dividend. 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 presently 50.00%.

Insiders Place Their Bets

In other Tractor Supply news, Director Andre J. Hawaux bought 3,150 shares of the firm's stock in a transaction on 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 purchase, the director directly owned 3,150 shares of the company's stock, valued at $100,264.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Edna Morris purchased 1,560 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was bought at an average price of $32.44 per share, with a total value of $50,606.40. Following the completion of the transaction, the director directly 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. The SEC filing for this purchase provides additional information. Insiders have acquired 20,310 shares of company stock valued at $652,411 in the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

About Tractor Supply

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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