Diversify Advisory Services LLC Invests $1.64 Million in Tractor Supply Company $TSCO

Key Points

• Diversify Advisory Services initiated a $1.64 million position in Tractor Supply during the second quarter, buying 51,548 shares. Institutional investors and hedge funds collectively own 98.72% of TSCO.
• Analyst sentiment is mixed: the stock has an average “Hold” rating and a consensus price target of $39.31, while several firms recently cut their targets. TSCO was trading at $35.44, well below its 52-week high of $62.89.
• Tractor Supply slightly missed quarterly earnings and revenue estimates, reporting $0.81 in EPS on $4.54 billion in revenue, though revenue rose 2.3% year over year. The company declared a quarterly dividend of $0.24, implying a 2.7% annualized yield.

Diversify Advisory Services LLC purchased a new position in Tractor Supply Company (NASDAQ:TSCO - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 51,548 shares of the specialty retailer's stock, valued at approximately $1,639,000.

Several other institutional investors and hedge funds have also bought and sold shares of TSCO. BlackRock Inc. purchased a new position in shares of Tractor Supply during the second quarter worth $1,500,967,000. Capital International Investors boosted its holdings in Tractor Supply by 3.9% in the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer's stock valued at $1,214,390,000 after purchasing an additional 902,659 shares during the last quarter. State Street Corp grew its position in Tractor Supply by 0.7% during the 4th quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer's stock worth $1,152,819,000 after purchasing an additional 162,774 shares during the period. Invesco Ltd. raised its stake in shares of Tractor Supply by 18.4% during the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer's stock valued at $871,855,000 after buying an additional 2,706,819 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Tractor Supply by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer's stock valued at $791,703,000 after buying an additional 184,457 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Edna Morris bought 1,560 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $32.44 per share, with a total value of $50,606.40. Following the completion of the transaction, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andre J. Hawaux purchased 3,150 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the purchase, the director directly owned 3,150 shares of the company's stock, valued at $100,264.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 20,310 shares of company stock valued at $652,411. Company insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company lowered their target price on Tractor Supply from $47.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 15th. Stephens lowered their price objective on Tractor Supply from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 22nd. Weiss Ratings lowered shares of Tractor Supply from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, July 23rd. Daiwa Securities Group decreased their target price on shares of Tractor Supply from $52.00 to $41.00 and set a "neutral" rating for the company in a research note on Thursday, April 23rd. Finally, Guggenheim set a $40.00 price target on shares of Tractor Supply and gave the company a "buy" rating in a research 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $39.31.

Tractor Supply Stock Up 2.1%

TSCO opened at $35.44 on Thursday. The company has a market cap of $18.59 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 11.29 and a beta of 0.47. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $62.89. The company has a 50-day moving average price of $31.67 and a 200 day moving average price of $38.83. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The firm had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.58 billion. During the same quarter last year, the firm posted $0.81 earnings per share. Tractor Supply's quarterly revenue was up 2.3% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, August 24th. Tractor Supply's dividend payout ratio is currently 50.00%.

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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