Commerce Bank Acquires New Shares in Tractor Supply Company $TSCO

Commerce Bank acquired a new position in Tractor Supply Company (NASDAQ:TSCO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 131,875 shares of the specialty retailer's stock, valued at approximately $4,169,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Advyzon Investment Management LLC lifted its stake in shares of Tractor Supply by 4.3% in 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. increased its position in shares of Tractor Supply by 22.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,190 shares of the specialty retailer's stock worth $63,000 after purchasing an additional 220 shares during the last quarter. Aptus Capital Advisors LLC increased its position in shares of Tractor Supply by 0.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 56,698 shares of the specialty retailer's stock worth $2,835,000 after purchasing an additional 222 shares during the last quarter. Larson Financial Group LLC raised its holdings in Tractor Supply by 10.0% in the 4th 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 period. Finally, TD Private Client Wealth LLC raised its holdings in Tractor Supply by 11.6% in the 4th 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 period. Institutional investors and hedge funds own 98.72% of the company's stock.

Wall Street Analysts Forecast Growth

TSCO has been the topic of a number of recent analyst reports. Mizuho set a $28.00 target price on shares of Tractor Supply and gave the company a "neutral" rating in a research report on Friday, July 24th. Loop Capital reduced 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. TD Cowen restated a "hold" rating on shares of Tractor Supply in a report on Wednesday, July 15th. Morgan Stanley restated a "negative" rating and issued a $35.00 price objective on shares of Tractor Supply in a report on Friday, July 24th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $38.00 price objective (down from $43.00) on shares of Tractor Supply in a research report on Friday, July 24th. Thirteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Tractor Supply currently has an average rating of "Hold" and a consensus price target of $39.31.

Tractor Supply Price Performance

TSCO opened at $35.92 on Tuesday. The stock's 50-day moving average price is $31.92 and its 200 day moving average price is $38.47. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $62.89. The firm has a market cap of $18.84 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 11.38 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 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm 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 was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 expect that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a $0.24 dividend. The ex-dividend date is Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. Tractor Supply's payout ratio is 50.00%.

Insider Activity at Tractor Supply

In other Tractor Supply news, Director Edna Morris bought 1,560 shares of Tractor Supply stock in a transaction on Tuesday, August 4th. The shares were bought at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the acquisition, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. This represents a 0.56% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andre J. Hawaux purchased 3,150 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was acquired 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. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 20,310 shares of company stock worth $652,411. Corporate insiders own 0.64% of the company's stock.

Tractor Supply Company Profile

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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