Dearborn Partners LLC Acquires New Position in Tractor Supply Company $TSCO

Dearborn Partners LLC acquired a new stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 511,499 shares of the specialty retailer's stock, valued at approximately $23,171,000. Dearborn Partners LLC owned approximately 0.10% of Tractor Supply at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advyzon Investment Management LLC raised its stake in shares of Tractor Supply by 4.3% during the 4th quarter. Advyzon Investment Management LLC now owns 4,462 shares of the specialty retailer's stock worth $223,000 after buying an additional 183 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Tractor Supply by 22.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,190 shares of the specialty retailer's stock valued at $63,000 after buying an additional 220 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings in Tractor Supply by 0.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 56,698 shares of the specialty retailer's stock worth $2,835,000 after acquiring an additional 222 shares during the period. Larson Financial Group LLC grew its holdings in Tractor Supply by 10.0% during the fourth quarter. Larson Financial Group LLC now owns 2,477 shares of the specialty retailer's stock worth $124,000 after acquiring an additional 225 shares during the period. Finally, TD Private Client Wealth LLC raised its position in 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 acquiring an additional 228 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of recent analyst reports. Zacks Research downgraded Tractor Supply from a "hold" rating to a "strong sell" rating in a report on Monday, July 13th. Loop Capital lowered 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. Robert W. Baird cut their price target on shares of Tractor Supply from $50.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Telsey Advisory Group reduced their price objective on shares of Tractor Supply from $40.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, July 24th. Finally, Weiss Ratings downgraded shares of Tractor Supply from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, July 23rd. Thirteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $39.31.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $35.92 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $18.84 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 11.38 and a beta of 0.47. The firm has a 50-day moving average price of $31.92 and a two-hundred day moving average price of $38.47. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $62.89.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly 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 during 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 for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, research analysts expect 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 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 2.7%. The ex-dividend date is Monday, August 24th. Tractor Supply's dividend payout ratio is 50.00%.

Insiders Place Their Bets

In related news, Director Andre J. Hawaux purchased 3,150 shares of the company's stock in a transaction on Monday, August 3rd. The stock was bought at an average price of $31.83 per share, with a total value of $100,264.50. Following the completion of the transaction, the director owned 3,150 shares of the company's stock, valued at approximately $100,264.50. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edna Morris purchased 1,560 shares of the business's stock in a transaction dated 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 completion of the acquisition, the director owned 279,720 shares of the company's stock, valued at approximately $9,074,116.80. The trade was a 0.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 20,310 shares of company stock valued at $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.

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