Concurrent Investment Advisors LLC Acquires 47,353 Shares of Tractor Supply Company $TSCO

Key Points

• Concurrent Investment Advisors increased its Tractor Supply stake by 60% in the second quarter, adding 47,353 shares to bring its holdings to 126,313 shares valued at approximately $3.99 million. Institutional investors collectively own 98.72% of the company.
• Analyst sentiment is mixed, with 13 Buy, 13 Hold and two Sell ratings; the stock has an average rating of Hold and an average price target of $39.31.
• Tractor Supply slightly missed quarterly expectations, reporting $0.81 in EPS versus $0.82 expected and $4.54 billion in revenue versus $4.58 billion forecast. The company declared a $0.24 quarterly dividend, equal to a 2.7% yield, while insiders bought more than 20,000 shares over the past three months.

Concurrent Investment Advisors LLC grew its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 60.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 126,313 shares of the specialty retailer's stock after purchasing an additional 47,353 shares during the period. Concurrent Investment Advisors LLC's holdings in Tractor Supply were worth $3,993,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Advyzon Investment Management LLC boosted its holdings in Tractor Supply by 4.3% in the fourth quarter. Advyzon Investment Management LLC now owns 4,462 shares of the specialty retailer's stock worth $223,000 after acquiring an additional 183 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Tractor Supply by 22.7% in 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 in the last quarter. Aptus Capital Advisors LLC grew its position in 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 increased its stake in Tractor Supply by 10.0% during the 4th quarter. Larson Financial Group LLC now owns 2,477 shares of the specialty retailer's stock valued at $124,000 after purchasing an additional 225 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of Tractor Supply by 11.6% in the fourth quarter. TD Private Client Wealth LLC now owns 2,201 shares of the specialty retailer's stock worth $110,000 after buying an additional 228 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TSCO. Morgan Stanley reissued a "negative" rating and issued a $35.00 target price on shares of Tractor Supply in a research report on Friday, July 24th. Evercore reaffirmed an "outperform" rating and set a $40.00 target price on shares of Tractor Supply in a report on Tuesday, July 7th. Telsey Advisory Group lowered their price target on shares of Tractor Supply from $40.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, July 24th. Gordon Haskett upped their price objective on Tractor Supply from $40.00 to $50.00 in a research report on Friday, June 12th. Finally, Truist Financial set a $32.00 target price on shares of Tractor Supply and gave the stock a "hold" rating in a research note on Tuesday, June 16th. Thirteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $39.31.

Tractor Supply Stock Performance

TSCO opened at $34.99 on Tuesday. 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 company has a market cap of $18.35 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 3.77 and a beta of 0.48. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $60.87. The firm's fifty day simple moving average is $32.84 and its two-hundred day simple moving average is $37.08.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The company 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 firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Equities analysts anticipate that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company 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. This represents a $0.96 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, August 24th. Tractor Supply's payout ratio is presently 50.00%.

Insiders Place Their Bets

In other news, Director Andre J. Hawaux acquired 3,150 shares of Tractor Supply stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average cost of $31.83 per share, with a total value of $100,264.50. Following the purchase, the director owned 3,150 shares in the company, valued at $100,264.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Harry A. Lawton III acquired 15,600 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was purchased at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the acquisition, the chief executive officer directly owned 15,600 shares in the company, valued at $501,540. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 20,310 shares of company stock worth $652,411. Corporate insiders own 0.64% of the company's stock.

Tractor Supply 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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