Buckland Partners Management Co LLC Invests $3.95 Million in Tractor Supply Company $TSCO

Key Points

• Buckland Partners Management purchased 125,000 Tractor Supply shares worth approximately $3.95 million, making the retailer 1.9% of its portfolio. Institutional investors collectively own 98.72% of the company.
• Tractor Supply’s latest quarterly results slightly missed expectations, with EPS of $0.81 versus $0.82 expected and revenue of $4.54 billion versus $4.58 billion forecast; revenue still rose 2.3% year over year.
• The company declared a quarterly dividend of $0.24, equivalent to $0.96 annually and a 2.8% yield. Analysts hold a consensus “Hold” rating with an average price target of $39.31, while insiders purchased more than 20,000 shares over the past 90 days.

Buckland Partners Management Co LLC purchased a new stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 125,000 shares of the specialty retailer's stock, valued at approximately $3,951,000. Tractor Supply accounts for approximately 1.9% of Buckland Partners Management Co LLC's investment portfolio, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bison Wealth LLC raised its position in shares of Tractor Supply by 356.1% during the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer's stock valued at $341,000 after purchasing an additional 5,017 shares during the period. Woodline Partners LP boosted its holdings in Tractor Supply by 40.7% in the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer's stock worth $2,487,000 after buying an additional 13,051 shares during the period. Intech Investment Management LLC boosted its holdings in Tractor Supply by 26.9% in the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer's stock worth $1,442,000 after buying an additional 5,542 shares during the period. Sei Investments Co. increased its stake in Tractor Supply by 1.2% in the 2nd quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer's stock worth $16,676,000 after buying an additional 3,631 shares in the last quarter. Finally, Glenview Trust co raised its holdings in Tractor Supply by 36.0% during the second quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer's stock valued at $1,036,000 after acquiring an additional 5,194 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Trading Down 3.2%

Shares of TSCO opened at $34.68 on Tuesday. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $62.89. The company's fifty day simple moving average is $31.48 and its 200-day simple moving average is $39.08. The company has a market cap of $18.19 billion, a P/E ratio of 18.06, a P/E/G ratio of 11.66 and a beta of 0.47. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS 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 business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the prior year, the company posted $0.81 EPS. The company's quarterly 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. As a group, analysts expect that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, August 24th. Tractor Supply's dividend payout ratio is currently 50.00%.

Insider Buying and Selling at Tractor Supply

In other news, Director Edna Morris bought 1,560 shares of the stock in a transaction on Tuesday, August 4th. The stock was acquired at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the acquisition, the director owned 279,720 shares of the company's stock, valued at $9,074,116.80. This represents a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andre J. Hawaux purchased 3,150 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were purchased at an average price of $31.83 per share, for a total transaction of $100,264.50. Following 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 20,310 shares of company stock valued at $652,411 in the last ninety days. Corporate insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TSCO. Argus set a $41.00 price objective on Tractor Supply in a research note on Tuesday, July 28th. Loop Capital lowered their price target on Tractor Supply from $41.00 to $35.00 and set a "hold" rating on the stock in a report on Tuesday, June 16th. DA Davidson dropped their price target on Tractor Supply from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, June 22nd. Truist Financial set a $32.00 target price on shares of Tractor Supply and gave the stock a "hold" rating in a report on Tuesday, June 16th. Finally, Mizuho set a $28.00 price target on shares of Tractor Supply and gave the company a "neutral" rating in a report on Friday, July 24th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Tractor Supply presently has an average rating of "Hold" and an average target price of $39.31.

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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