Cibc World Market Inc. Buys New Shares in Tractor Supply Company $TSCO

Key Points

• Institutional investors increased exposure to Tractor Supply: CIBC World Markets bought 81,577 shares worth approximately $2.6 million, while major investors including BlackRock and Norges Bank also established positions. Institutions now 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. The company maintained fiscal 2026 EPS guidance of $1.90–$2.00 and declared a quarterly dividend of $0.24, yielding about 2.7% annually.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and an average price target of $39.31, despite 13 Buy ratings. Recent price-target reductions and a downgrade to Sell reflect concerns following the stock’s decline.

Cibc World Market Inc. bought a new position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 81,577 shares of the specialty retailer's stock, valued at approximately $2,579,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Tractor Supply during the 2nd quarter worth about $1,500,967,000. Norges Bank acquired a new stake in shares of Tractor Supply in the fourth quarter worth $303,862,000. Select Equity Group L.P. increased its position in shares of Tractor Supply by 41.9% in the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer's stock worth $670,887,000 after acquiring an additional 3,753,414 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of Tractor Supply in the 2nd quarter valued at $103,881,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Tractor Supply in the 2nd quarter valued at $91,772,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Trading Down 1.0%

Shares of TSCO opened at $35.01 on Thursday. Tractor Supply Company has a one year low of $28.36 and a one year high of $62.89. 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 company has a market capitalization of $18.36 billion, a P/E ratio of 18.23, a P/E/G ratio of 11.51 and a beta of 0.47.

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

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors 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 dividend yield of 2.7%. The ex-dividend date is Monday, August 24th. Tractor Supply's payout ratio is 50.00%.

Analysts Set New Price Targets

Several brokerages recently issued reports on TSCO. DA Davidson lowered their price target on Tractor Supply from $50.00 to $40.00 and set a "buy" rating for the company in a report on Monday, June 22nd. Loop Capital reduced their price objective on Tractor Supply from $41.00 to $35.00 and set a "hold" rating on the stock in a research note on Tuesday, June 16th. Weiss Ratings downgraded Tractor Supply from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, July 23rd. TD Cowen reiterated a "hold" rating on shares of Tractor Supply in a research note on Wednesday, July 15th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $38.00 target price (down from $43.00) on shares of Tractor Supply 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $39.31.

Insider Activity at Tractor Supply

In related news, Director Edna Morris acquired 1,560 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of $32.44 per share, with a total value of $50,606.40. Following the acquisition, the director directly owned 279,720 shares in the company, valued at approximately $9,074,116.80. The trade was a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andre J. Hawaux bought 3,150 shares of the company's stock in a transaction dated 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 approximately $100,264.50. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 20,310 shares of company stock valued at $652,411 over the last ninety days. Corporate insiders own 0.64% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source