Corient Private Wealth LP Lowers Stock Position in Tractor Supply Company $TSCO

Key Points

• Corient Private Wealth LP cut its Tractor Supply position by 57% in the second quarter, selling 467,908 shares and retaining 352,717 shares valued at approximately $11.1 million.
• Other institutional investors made significant purchases, including BlackRock’s new $1.5 billion stake and Van ECK Associates’ nearly 3,000% increase; institutions and hedge funds now own 98.72% of TSCO.
• Tractor Supply reported slightly weaker-than-expected quarterly results, with $0.81 EPS and $4.54 billion in revenue, while analysts maintain a consensus “Hold” rating and an average price target of $39.31.

Corient Private Wealth LP decreased its position in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 57.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 352,717 shares of the specialty retailer's stock after selling 467,908 shares during the period. Corient Private Wealth LP owned about 0.07% of Tractor Supply worth $11,149,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TSCO. BlackRock Inc. acquired a new stake in shares of Tractor Supply during the 2nd quarter valued at about $1,500,967,000. Norges Bank purchased a new position in Tractor Supply during the fourth quarter worth approximately $303,862,000. Van ECK Associates Corp boosted its position in Tractor Supply by 2,983.6% during the second quarter. Van ECK Associates Corp now owns 5,144,955 shares of the specialty retailer's stock worth $162,632,000 after purchasing an additional 4,978,105 shares in the last quarter. Legal & General Group Plc acquired a new stake in Tractor Supply in the second quarter valued at approximately $110,137,000. Finally, Bank of America Corp DE acquired a new stake in Tractor Supply in the second quarter valued at approximately $105,502,000. Institutional investors and hedge funds own 98.72% of the company's stock.

Insider Activity

In related news, Director Andre J. Hawaux bought 3,150 shares of the company's stock in a transaction on Monday, August 3rd. The stock was bought at an average cost of $31.83 per share, for a total transaction of $100,264.50. Following the acquisition, the director directly owned 3,150 shares in the company, valued at $100,264.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Edna Morris purchased 1,560 shares of Tractor Supply stock in a transaction dated Tuesday, August 4th. The shares were bought at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the acquisition, the director owned 279,720 shares in the company, valued at approximately $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 20,310 shares of company stock worth $652,411 over the last ninety days. Corporate insiders own 0.64% of the company's stock.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $32.78 on Thursday. The company has a market cap of $17.19 billion, a P/E ratio of 17.07, a P/E/G ratio of 3.56 and a beta of 0.48. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $60.37. The company's 50-day moving average price is $33.19 and its 200-day moving average price is $36.15. 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 announced 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 for the quarter, compared to analysts' expectations of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The firm's revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, sell-side analysts forecast that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company cut their price objective on Tractor Supply from $47.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday, July 15th. Barclays set a $35.00 price target on shares of Tractor Supply and gave the company an "equal weight" rating in a research note on Monday, July 13th. Gordon Haskett boosted their price target on shares of Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. Wall Street Zen cut shares of Tractor Supply from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. Finally, Morgan Stanley reaffirmed a "negative" rating and set a $35.00 price objective on shares of Tractor Supply in a report on Friday, July 24th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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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