Tractor Supply Company $TSCO Position Lessened by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System reduced its Tractor Supply stake by 3.8% to 735,865 shares, although institutional investors still own approximately 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 nevertheless increased 2.3% year over year, and fiscal 2026 EPS guidance remains $1.90–$2.00.
• The stock traded at $32.65, while analysts maintained a consensus “Hold” rating and a $39.31 price target. The company also pays a quarterly dividend of $0.24, representing a 2.9% annualized yield, and insiders purchased shares during the past 90 days.

California State Teachers Retirement System cut its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 735,865 shares of the specialty retailer's stock after selling 28,787 shares during the quarter. California State Teachers Retirement System owned approximately 0.14% of Tractor Supply worth $23,260,693 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Ameritas Advisory Services LLC boosted its holdings in Tractor Supply by 11.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 56,472 shares of the specialty retailer's stock worth $1,785,000 after buying an additional 5,910 shares during the period. Wedmont Private Capital boosted its position in Tractor Supply by 684.2% during the 2nd quarter. Wedmont Private Capital now owns 63,308 shares of the specialty retailer's stock valued at $1,926,000 after acquiring an additional 55,235 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Tractor Supply by 64.6% in the second quarter. HB Wealth Management LLC now owns 39,244 shares of the specialty retailer's stock worth $1,241,000 after acquiring an additional 15,402 shares during the period. Saudi Central Bank increased its stake in Tractor Supply by 88.8% during the 2nd quarter. Saudi Central Bank now owns 36,821 shares of the specialty retailer's stock worth $1,164,000 after buying an additional 17,317 shares in the last quarter. Finally, NBH Bank purchased a new position in Tractor Supply during the second quarter worth about $219,000. 98.72% of the stock is owned by institutional investors.

Tractor Supply Price Performance

NASDAQ TSCO traded down $1.18 during trading hours on Tuesday, hitting $32.65. 3,702,172 shares of the company's stock traded hands, compared to its average volume of 9,868,840. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $60.37. 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's 50-day moving average is $33.08 and its 200-day moving average is $36.42. The company has a market capitalization of $17.12 billion, a PE ratio of 17.01, a PEG ratio of 3.56 and a beta of 0.48.

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

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were given a $0.24 dividend. The ex-dividend date was Monday, August 24th. This represents a $0.96 annualized dividend and a dividend yield of 2.9%. Tractor Supply's payout ratio is currently 50.00%.

Insiders Place Their Bets

In related news, Director Andre J. Hawaux bought 3,150 shares of the stock in a transaction that occurred 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 completion of 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 bought 1,560 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the purchase, the director owned 279,720 shares of the company's stock, valued at approximately $9,074,116.80. The trade was a 0.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 20,310 shares of company stock valued at $652,411 over the last 90 days. 0.64% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TSCO has been the subject of a number of recent research reports. Raymond James Financial lowered their price target on shares of Tractor Supply from $48.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, July 17th. DA Davidson decreased their price objective on Tractor Supply from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, June 22nd. Loop Capital lowered their price target on shares of Tractor Supply from $41.00 to $35.00 and set a "hold" rating on the stock in a research note on Tuesday, June 16th. Evercore reaffirmed an "outperform" rating and set a $40.00 price target on shares of Tractor Supply in a report on Tuesday, July 7th. Finally, Weiss Ratings lowered shares of Tractor Supply from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday. Thirteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Tractor Supply has a consensus rating of "Hold" and a consensus price target of $39.31.

About Tractor Supply

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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