Element Capital Management LLC Purchases New Holdings in Tractor Supply Company $TSCO

Element Capital Management LLC acquired a new stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 72,400 shares of the specialty retailer's stock, valued at approximately $2,289,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Tractor Supply in the second quarter valued at about $1,500,967,000. Norges Bank purchased a new position in Tractor Supply during the fourth quarter worth about $303,862,000. Select Equity Group L.P. raised its holdings in Tractor Supply by 41.9% during the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer's stock worth $670,887,000 after purchasing an additional 3,753,414 shares in the last quarter. Legal & General Group Plc acquired a new stake in Tractor Supply in the second quarter valued at about $110,137,000. Finally, Deutsche Bank AG acquired a new stake in Tractor Supply in the second quarter valued at about $103,881,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Stock Performance

TSCO opened at $35.38 on Wednesday. Tractor Supply Company has a 1-year low of $28.36 and a 1-year high of $62.89. The stock has a market cap of $18.56 billion, a P/E ratio of 18.43, a P/E/G ratio of 11.68 and a beta of 0.47. The stock's 50 day simple moving average is $32.03 and its 200 day simple moving average is $38.33. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued 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 firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, equities analysts anticipate that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

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

Insider Activity

In other Tractor Supply news, Director Andre J. Hawaux purchased 3,150 shares of the stock in a transaction dated Monday, August 3rd. The shares were acquired at an average cost of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the transaction, the director directly owned 3,150 shares of the company's stock, 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 SEC, which is available through this hyperlink. Also, CEO Harry A. Lawton III acquired 15,600 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average cost of $32.15 per share, with a total value of $501,540.00. Following the completion of the purchase, the chief executive officer owned 15,600 shares in the company, valued at approximately $501,540. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 20,310 shares of company stock worth $652,411 over the last ninety days. 0.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on TSCO. Barclays set a $35.00 target price on Tractor Supply and gave the stock an "equal weight" rating in a research report on Monday, July 13th. UBS Group set a $33.00 price objective on Tractor Supply and gave the stock a "neutral" rating in a report on Tuesday, July 14th. Loop Capital cut their price objective on Tractor Supply from $41.00 to $35.00 and set a "hold" rating for the company in a research report on Tuesday, June 16th. Wells Fargo & Company reduced their target price on Tractor Supply from $47.00 to $35.00 and set an "overweight" rating for the company in a report on Wednesday, July 15th. Finally, Evercore reaffirmed an "outperform" rating and set a $40.00 price target on shares of Tractor Supply in a research note on Tuesday, July 7th. 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $39.31.

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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