Canada Pension Plan Investment Board acquired a new position in Tractor Supply Company (NASDAQ:TSCO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 331,610 shares of the specialty retailer's stock, valued at approximately $10,482,000. Canada Pension Plan Investment Board owned approximately 0.06% of Tractor Supply at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Element Capital Management LLC purchased a new position in Tractor Supply during the second quarter valued at $2,289,000. Legal & General Group Plc purchased a new stake in Tractor Supply in the second quarter worth about $110,137,000. The Manufacturers Life Insurance Company purchased a new stake in Tractor Supply in the second quarter worth about $43,498,000. Dearborn Partners LLC bought a new position in shares of Tractor Supply in the second quarter worth about $23,171,000. Finally, D.B. Root & Company LLC bought a new position in shares of Tractor Supply in the second quarter worth about $922,000. 98.72% of the stock is owned by institutional investors.
Insider Buying and Selling at Tractor Supply
In related news, Director Edna Morris acquired 1,560 shares of Tractor Supply stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the transaction, the director directly owned 279,720 shares in the company, valued at approximately $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 available through the SEC website. Also, CEO Harry A. Lawton III acquired 15,600 shares of Tractor Supply stock in a transaction dated Tuesday, August 4th. The shares were bought at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the transaction, the chief executive officer owned 15,600 shares of the company's stock, valued at approximately $501,540. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 20,310 shares of company stock valued at $652,411 in the last three months. 0.64% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
TSCO has been the subject of a number of recent research reports. Weiss Ratings upgraded Tractor Supply from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday. Wolfe Research set a $34.00 target price on shares of Tractor Supply in a research note on Thursday, July 16th. DA Davidson lowered their price target on shares of 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 dropped their price target on shares of Tractor Supply from $41.00 to $35.00 and set a "hold" rating for the company in a research report on Tuesday, June 16th. Finally, Robert W. Baird reduced their price objective on shares of Tractor Supply from $50.00 to $38.00 and set an "outperform" rating for the company in a research note on Monday, July 20th. Thirteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $39.31.
Check Out Our Latest Analysis on TSCO
Tractor Supply Price Performance
Shares of Tractor Supply stock opened at $34.72 on Friday. The company has a market capitalization of $18.21 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 11.29 and a beta of 0.47. 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 stock's 50-day simple moving average is $32.31 and its 200-day simple moving average is $38.02. Tractor Supply Company has a 52 week low of $28.36 and a 52 week high of $62.87.
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 the consensus estimate 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%.The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 EPS. 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 earnings per share 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. Shareholders of record on Monday, August 24th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply's dividend payout ratio (DPR) is 50.00%.
About Tractor Supply
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply Company (NASDAQ:TSCO - Free Report).
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