Jupiter Topco LLC purchased a new stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 63,790 shares of the specialty retailer's stock, valued at approximately $2,016,000.
A number of other hedge funds have also modified their holdings of TSCO. Goldman Sachs Group Inc. lifted its holdings in shares of Tractor Supply by 6.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer's stock worth $156,108,000 after acquiring an additional 184,146 shares during the last quarter. Swedbank AB increased its holdings in Tractor Supply by 3.3% in the 4th quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer's stock valued at $56,470,000 after purchasing an additional 36,495 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Tractor Supply by 44.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer's stock valued at $36,364,000 after purchasing an additional 222,750 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Tractor Supply by 4.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer's stock valued at $56,086,000 after purchasing an additional 46,010 shares during the period. Finally, King Luther Capital Management Corp raised its position in Tractor Supply by 1.6% in the fourth quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer's stock valued at $119,410,000 after purchasing an additional 36,778 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
TSCO has been the subject of several research analyst reports. Loop Capital lowered their price target 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. Wall Street Zen downgraded Tractor Supply from a "hold" rating to a "sell" rating in a report on Sunday, July 12th. DA Davidson decreased their target price on Tractor Supply from $50.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, June 22nd. Telsey Advisory Group dropped their target price on Tractor Supply from $40.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, July 24th. Finally, Citigroup reiterated a "buy" rating on shares of Tractor Supply in a research note on Thursday, July 16th. Thirteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $39.31.
Check Out Our Latest Research Report on TSCO
Insider Activity at Tractor Supply
In related news, CEO Harry Lawton, III acquired 15,600 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was bought at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the purchase, the chief executive officer directly owned 15,600 shares of the company's stock, valued at approximately $501,540. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Edna Morris acquired 1,560 shares of the company's stock in a transaction on 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 acquisition, the director owned 279,720 shares of the company's stock, valued at approximately $9,074,116.80. The trade was a 0.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 20,310 shares of company stock valued at $652,411 over the last ninety days. Insiders own 0.64% of the company's stock.
Tractor Supply Stock Performance
Shares of TSCO opened at $34.60 on Friday. Tractor Supply Company has a 1 year low of $28.36 and a 1 year high of $60.87. The stock has a market capitalization of $18.15 billion, a PE ratio of 18.02, a PEG ratio of 3.76 and a beta of 0.48. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. The stock has a 50-day simple moving average of $32.68 and a 200-day simple moving average of $37.35.
Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The firm had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, analysts predict that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.
Tractor Supply Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a yield of 2.8%. Tractor Supply's payout ratio is 50.00%.
Tractor Supply 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
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