EP Wealth Advisors LLC bought a new stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 51,399 shares of the specialty retailer's stock, valued at approximately $1,625,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Tractor Supply in the second quarter valued at about $1,500,967,000. Norges Bank bought a new stake in Tractor Supply during the 4th quarter worth about $303,862,000. Select Equity Group L.P. raised its holdings in Tractor Supply by 41.9% during the 2nd 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 during the last quarter. Deutsche Bank AG acquired a new position in Tractor Supply during the 2nd quarter valued at about $103,881,000. Finally, Bank of New York Mellon Corp acquired a new position in Tractor Supply during the 2nd quarter valued at about $91,772,000. Institutional investors own 98.72% of the company's stock.
Insiders Place Their Bets
In other news, Director Andre J. Hawaux purchased 3,150 shares of Tractor Supply stock in a transaction dated Monday, August 3rd. The shares were bought at an average cost of $31.83 per share, with a total value of $100,264.50. Following the completion of the transaction, the director directly owned 3,150 shares in the company, valued at $100,264.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edna Morris purchased 1,560 shares of Tractor Supply stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the transaction, the director owned 279,720 shares of the company's stock, valued at approximately $9,074,116.80. This represents a 0.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 20,310 shares of company stock worth $652,411. Company insiders own 0.64% of the company's stock.
Tractor Supply Price Performance
Tractor Supply stock opened at $34.98 on Friday. 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 firm has a market capitalization of $18.35 billion, a P/E ratio of 18.22, a PEG ratio of 11.38 and a beta of 0.47. The business has a 50-day moving average of $31.82 and a 200-day moving average of $38.69. Tractor Supply Company has a 1 year low of $28.36 and a 1 year 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 for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. 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 prior year, the business earned $0.81 earnings per share. The business's 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. On average, equities analysts anticipate that Tractor Supply Company will post 1.93 EPS for the current year.
Tractor Supply Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply's dividend payout ratio is presently 50.00%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. Gordon Haskett raised their target price on shares of Tractor Supply from $40.00 to $50.00 in a research note on Friday, June 12th. Argus set a $41.00 price target on shares of Tractor Supply in a research note on Tuesday, July 28th. Morgan Stanley restated a "negative" rating and issued a $35.00 price objective on shares of Tractor Supply in a report on Friday, July 24th. TD Cowen reaffirmed a "hold" rating on shares of Tractor Supply in a report on Wednesday, July 15th. Finally, Robert W. Baird lowered their target price 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. Thirteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $39.31.
Check Out Our Latest Stock Report on TSCO
Tractor Supply Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply Company (NASDAQ:TSCO - Free Report).
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