California State Teachers Retirement System Grows Stock Holdings in Tractor Supply Company $TSCO

Key Points

• CalSTRS dramatically increased its Tractor Supply stake by 2,942% in the second quarter, acquiring 22.5 million additional shares. It now owns 23.26 million shares, or approximately 4.44% of the company, valued at $735.9 million.
• Tractor Supply insiders also bought shares recently, including CEO Harry Lawton’s $501,540 purchase and Director Andre Hawaux’s $100,265 purchase. Insiders acquired 20,310 shares worth $652,411 over the past 90 days.
• The company reported quarterly revenue of $4.54 billion and EPS of $0.81, slightly below analyst expectations, while revenue rose 2.3% year over year. Analysts have a consensus “Hold” rating and an average price target of $39.31; Tractor Supply also pays a $0.24 quarterly dividend.

California State Teachers Retirement System grew its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 2,942.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,260,693 shares of the specialty retailer's stock after buying an additional 22,496,041 shares during the period. California State Teachers Retirement System owned approximately 4.44% of Tractor Supply worth $735,865,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TSCO. Advyzon Investment Management LLC grew its holdings in Tractor Supply by 4.3% during the 4th quarter. Advyzon Investment Management LLC now owns 4,462 shares of the specialty retailer's stock valued at $223,000 after purchasing an additional 183 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Tractor Supply by 22.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,190 shares of the specialty retailer's stock valued at $63,000 after buying an additional 220 shares during the period. Aptus Capital Advisors LLC boosted its position in shares of Tractor Supply by 0.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 56,698 shares of the specialty retailer's stock valued at $2,835,000 after buying an additional 222 shares during the period. Larson Financial Group LLC grew its stake in shares of Tractor Supply by 10.0% during the fourth quarter. Larson Financial Group LLC now owns 2,477 shares of the specialty retailer's stock valued at $124,000 after buying an additional 225 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of Tractor Supply by 11.6% during the fourth quarter. TD Private Client Wealth LLC now owns 2,201 shares of the specialty retailer's stock valued at $110,000 after buying an additional 228 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Andre J. Hawaux bought 3,150 shares of the company's stock in a transaction on 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 transaction, the director directly owned 3,150 shares in the company, valued at $100,264.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Harry A. Lawton III purchased 15,600 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was acquired at an average price of $32.15 per share, with a total value of $501,540.00. Following the purchase, the chief executive officer owned 15,600 shares of the company's stock, valued at approximately $501,540. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 20,310 shares of company stock worth $652,411. Insiders own 0.64% of the company's stock.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $33.01 on Monday. Tractor Supply Company has a 52 week low of $28.36 and a 52 week high of $60.85. The company has a 50 day moving average price of $33.00 and a 200 day moving average price of $36.55. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83. The firm has a market cap of $17.31 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 3.56 and a beta of 0.48.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS 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 analyst estimates of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 forecast that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.9%. Tractor Supply's dividend payout ratio (DPR) is 50.00%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Zacks Research downgraded Tractor Supply from a "hold" rating to a "strong sell" rating in a research report on Monday, July 13th. Wall Street Zen downgraded Tractor Supply from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. Guggenheim set a $40.00 target price on Tractor Supply and gave the stock a "buy" rating in a research report on Friday, July 24th. DA Davidson lowered their target price on shares of Tractor Supply from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, June 22nd. Finally, Evercore restated an "outperform" rating and issued a $40.00 price target on shares of Tractor Supply in a report on Tuesday, July 7th. Thirteen 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $39.31.

Tractor Supply Company Profile

Tractor Supply Company NASDAQ: TSCO is a specialty retailer serving the needs of recreational farmers, ranchers, homeowners, pet owners and other customers who live a rural lifestyle. The company operates Tractor Supply stores across the United States, offering products designed for agriculture, home improvement, outdoor living and animal care.

Its merchandise includes livestock and pet supplies, agricultural and lawn-and-garden equipment, tools, hardware, fencing, workwear, footwear, outdoor power equipment, seasonal goods and home products.

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