Engineers Gate Manager LP Has $1.86 Million Stock Position in Tractor Supply Company $TSCO

Key Points

• Engineers Gate Manager LP increased its Tractor Supply stake by 234.7% in the second quarter, bringing its holdings to 58,857 shares valued at approximately $1.86 million. Institutional investors collectively own 98.72% of the company.
• Tractor Supply shares opened at $33.03, near the lower end of their 12-month range, after the company slightly missed quarterly earnings and revenue estimates. Analysts’ consensus rating is “Hold”, with an average price target of $39.31.
• Insiders have recently bought shares, including the CEO’s $501,540 purchase and a director’s $100,265 purchase. The company also pays a quarterly dividend of $0.24 per share, equating to a 2.9% annualized yield.

Engineers Gate Manager LP boosted its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 234.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,857 shares of the specialty retailer's stock after acquiring an additional 41,270 shares during the quarter. Engineers Gate Manager LP's holdings in Tractor Supply were worth $1,860,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Integrated Wealth Concepts LLC boosted its stake in shares of Tractor Supply by 100.7% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 18,803 shares of the specialty retailer's stock valued at $594,000 after buying an additional 9,436 shares during the period. IFP Advisors Inc raised its holdings in shares of Tractor Supply by 423.8% during the second quarter. IFP Advisors Inc now owns 36,280 shares of the specialty retailer's stock worth $1,147,000 after acquiring an additional 29,354 shares in the last quarter. Allworth Financial LP boosted its position in Tractor Supply by 4.7% during the second quarter. Allworth Financial LP now owns 10,857 shares of the specialty retailer's stock valued at $343,000 after purchasing an additional 483 shares during the last quarter. Arizona State Retirement System boosted its position in Tractor Supply by 5.0% during the second quarter. Arizona State Retirement System now owns 150,812 shares of the specialty retailer's stock valued at $4,767,000 after purchasing an additional 7,233 shares during the last quarter. Finally, Waverly Advisors LLC grew its stake in Tractor Supply by 8.1% in the second quarter. Waverly Advisors LLC now owns 33,558 shares of the specialty retailer's stock valued at $1,061,000 after purchasing an additional 2,514 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

Insider Activity

In other Tractor Supply news, Director Andre Hawaux acquired 3,150 shares of the company's 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 purchase, the director owned 3,150 shares of the company's stock, valued at approximately $100,264.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Harry Lawton, III acquired 15,600 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 15,600 shares in the company, valued at $501,540. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 20,310 shares of company stock valued at $652,411. 0.64% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on Tractor Supply from $47.00 to $35.00 and set an "overweight" rating for the company in a research note on Wednesday, July 15th. Argus set a $41.00 price objective on Tractor Supply in a report on Tuesday, July 28th. The Goldman Sachs Group reiterated a "buy" rating and issued a $38.00 target price (down from $43.00) on shares of Tractor Supply in a research note on Friday, July 24th. TD Cowen reissued a "hold" rating on shares of Tractor Supply in a research report on Wednesday, July 15th. Finally, Piper Sandler set a $31.00 price target on shares of Tractor Supply and gave the stock a "neutral" rating in a research note on Friday, July 24th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Tractor Supply presently has a consensus rating of "Hold" and an average price target of $39.31.

Tractor Supply Trading Down 2.4%

Shares of TSCO stock opened at $33.03 on Wednesday. Tractor Supply Company has a 12 month low of $28.36 and a 12 month high of $60.37. The company has a market cap of $17.32 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 3.65 and a beta of 0.48. 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 business's 50 day moving average is $33.13 and its two-hundred day moving average is $36.28.

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 for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Tractor Supply's quarterly revenue was up 2.3% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Equities analysts predict that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

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

Tractor Supply Profile

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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