MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd Boosts Stake in Tractor Supply Company $TSCO

Key Points

• MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd more than doubled its Tractor Supply stake in the second quarter, increasing holdings by 128.3% to 128,430 shares worth approximately $4.06 million. Institutional investors collectively own 98.72% of the company.
• Analyst sentiment is mixed, with 13 Buy, 12 Hold, and 3 Sell ratings; the consensus rating is Hold, with a price target of $39.31. Recent analysts lowered several targets despite some maintaining positive ratings.
• Tractor Supply slightly missed quarterly earnings and revenue estimates, reporting $0.81 EPS on $4.54 billion in revenue, while same-quarter revenue rose 2.3% year over year. Directors have also made recent purchases, and the company declared a quarterly dividend of $0.24 per share.

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd boosted its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 128.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 128,430 shares of the specialty retailer's stock after purchasing an additional 72,186 shares during the period. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd's holdings in Tractor Supply were worth $4,060,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new position in shares of Tractor Supply during the third quarter worth $28,000. Garner Asset Management Corp acquired a new stake in shares of Tractor Supply in the fourth quarter valued at $25,000. Reflection Asset Management purchased a new stake in shares of Tractor Supply in the 4th quarter valued at $26,000. Core Wealth Advisors LLC purchased a new stake in shares of Tractor Supply in the 4th quarter valued at $27,000. Finally, Bayban acquired a new position in Tractor Supply during the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Analyst Ratings Changes

TSCO has been the subject of a number of research analyst reports. Piper Sandler set a $31.00 target price on Tractor Supply and gave the company a "neutral" rating in a report on Friday, July 24th. The Goldman Sachs Group reiterated a "buy" rating and set a $38.00 price target (down from $43.00) on shares of Tractor Supply in a research note on Friday, July 24th. Stephens reduced their price target on shares of Tractor Supply from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 22nd. Gordon Haskett raised their price objective on shares of Tractor Supply from $40.00 to $50.00 in a research note on Friday, June 12th. Finally, BNP Paribas Exane dropped their price objective on shares of Tractor Supply from $58.00 to $45.00 and set an "outperform" rating for the company in a report on Wednesday, April 22nd. Thirteen investment 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. Based on data from MarketBeat, Tractor Supply has a consensus rating of "Hold" and a consensus price target of $39.31.

Insider Buying and Selling

In other news, Director Edna Morris purchased 1,560 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the purchase, the director directly owned 279,720 shares of the company's stock, valued at $9,074,116.80. The trade was a 0.56% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andre J. Hawaux purchased 3,150 shares of the stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of $31.83 per share, with a total value of $100,264.50. Following the acquisition, the director directly owned 3,150 shares in the company, valued at $100,264.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 20,310 shares of company stock worth $652,411. Company insiders own 0.64% of the company's stock.

Tractor Supply Trading Down 0.7%

NASDAQ:TSCO opened at $36.17 on Friday. The firm has a market cap of $18.97 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 11.85 and a beta of 0.47. The stock has a fifty day moving average price of $31.27 and a 200 day moving average price of $39.37. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $62.89. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83.

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 for the quarter, compared to analyst estimates of $4.58 billion. During the same period in the previous year, the firm earned $0.81 earnings per share. The company's revenue for the quarter 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. Sell-side analysts anticipate that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently disclosed 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 payout ratio is currently 50.00%.

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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