Hsbc Holdings PLC Buys 274,764 Shares of Tractor Supply Company $TSCO

Key Points

• HSBC increased its Tractor Supply stake by 18.7%, purchasing 274,764 additional shares and holding 1.74 million shares worth approximately $55 million. Institutional investors collectively own 98.72% of the company.
• Analyst sentiment is mixed, with 13 Buy, 13 Hold and two Sell ratings; the stock has an average rating of “Hold” and an average price target of $39.31.
• Tractor Supply’s latest quarterly results slightly missed expectations, reporting $0.81 EPS and $4.54 billion in revenue, while the company declared a quarterly dividend of $0.24 per share, representing a 2.7% yield.

Hsbc Holdings PLC increased its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 18.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,742,693 shares of the specialty retailer's stock after purchasing an additional 274,764 shares during the quarter. Hsbc Holdings PLC owned about 0.33% of Tractor Supply worth $55,046,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in Tractor Supply during the 2nd quarter worth $1,500,967,000. Capital International Investors increased its stake in shares of Tractor Supply by 3.9% in the 4th quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer's stock valued at $1,214,390,000 after buying an additional 902,659 shares during the period. State Street Corp raised its position in shares of Tractor Supply by 0.7% during the fourth quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer's stock worth $1,152,819,000 after acquiring an additional 162,774 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Tractor Supply by 18.4% during the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer's stock valued at $871,855,000 after acquiring an additional 2,706,819 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Tractor Supply by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer's stock valued at $791,703,000 after acquiring an additional 184,457 shares during the period. 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 research reports. UBS Group set a $33.00 price objective on Tractor Supply and gave the stock a "neutral" rating in a research report on Tuesday, July 14th. Morgan Stanley restated a "negative" rating and set a $35.00 target price on shares of Tractor Supply in a research report on Friday, July 24th. Citigroup reaffirmed a "buy" rating on shares of Tractor Supply in a research note on Thursday, July 16th. Wells Fargo & Company lowered their price target on shares of Tractor Supply from $47.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of Tractor Supply from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 26th. Thirteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Tractor Supply currently has an average rating of "Hold" and an average price target of $39.31.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO opened at $34.99 on Tuesday. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $60.87. The stock has a market cap of $18.35 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 3.77 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 company's fifty day moving average is $32.84 and its 200-day moving average is $37.08.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued 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). The business 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 quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Equities research analysts predict that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

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

Insider Activity

In other Tractor Supply news, CEO Harry Lawton, III acquired 15,600 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the transaction, the chief executive officer owned 15,600 shares of the company's stock, valued at $501,540. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andre Hawaux bought 3,150 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average cost of $31.83 per share, with a total value of $100,264.50. Following the completion of the purchase, the director owned 3,150 shares in the company, valued at $100,264.50. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 20,310 shares of company stock worth $652,411 in the last 90 days. Corporate insiders own 0.64% of the company's stock.

About Tractor Supply

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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