Korea Investment CORP Invests $6.93 Million in Tractor Supply Company $TSCO

Key Points

• Korea Investment CORP acquired 219,164 shares of Tractor Supply worth approximately $6.93 million in the second quarter, while institutional investors collectively own 98.72% of the company.
• Company insiders bought 20,310 shares valued at $652,411 over the past 90 days. Analysts maintain a consensus “Hold” rating, with an average price target of $39.31.
• Tractor Supply reported quarterly revenue of $4.54 billion and EPS of $0.81, slightly below expectations, while revenue rose 2.3% year over year. The company declared a quarterly dividend of $0.24 per share, equivalent to a 2.7% yield.

Korea Investment CORP bought a new position in Tractor Supply Company (NASDAQ:TSCO - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 219,164 shares of the specialty retailer's stock, valued at approximately $6,928,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. 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 grew its holdings in shares of Tractor Supply by 3.3% during 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. grew its holdings in shares of Tractor Supply by 44.2% during 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 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer's stock worth $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 4th quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer's stock worth $119,410,000 after purchasing an additional 36,778 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Insider Transactions at Tractor Supply

In other news, CEO Harry A. Lawton III bought 15,600 shares of the stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $32.15 per share, with a total value of $501,540.00. Following the completion of the acquisition, the chief executive officer owned 15,600 shares in the company, valued at $501,540. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andre J. Hawaux acquired 3,150 shares of the stock in a transaction dated Monday, August 3rd. The stock was acquired at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the purchase, the director directly owned 3,150 shares in the company, valued at approximately $100,264.50. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 20,310 shares of company stock worth $652,411 in the last ninety days. Insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TSCO shares. Raymond James Financial cut their target price on shares of Tractor Supply from $48.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, July 17th. Wolfe Research set a $34.00 price target on shares of Tractor Supply in a research report on Thursday, July 16th. Gordon Haskett raised their price target on shares of Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. Evercore restated an "outperform" rating and issued a $40.00 price objective on shares of Tractor Supply in a research report on Tuesday, July 7th. Finally, Mizuho set a $28.00 price objective on shares of Tractor Supply and gave the company a "neutral" rating in a research note on Friday, July 24th. Thirteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $39.31.

Tractor Supply Trading Up 2.7%

Shares of NASDAQ TSCO opened at $35.92 on Tuesday. Tractor Supply Company has a 1 year low of $28.36 and a 1 year high of $62.89. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23. The firm has a 50-day moving average of $31.92 and a 200 day moving average of $38.47. The stock has a market cap of $18.84 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 11.38 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same period last year, the firm posted $0.81 earnings per share. The company's 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. As a group, sell-side analysts expect that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend 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%.

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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