Nykredit A S Buys New Position in Tractor Supply Company $TSCO

Key Points

• Nykredit A/S purchased 211,676 shares of Tractor Supply in the second quarter, valued at approximately $6.7 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.
• Company insiders bought 20,310 shares worth about $652,411 over the past three months, while Tractor Supply reported slightly weaker-than-expected quarterly results and maintains a $0.96 annual dividend, yielding roughly 3%.

Nykredit A S bought a new stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 211,676 shares of the specialty retailer's stock, valued at approximately $6,691,000.

A number of other hedge funds also recently modified their holdings of TSCO. Reflection Asset Management bought a new stake in Tractor Supply in the fourth quarter valued at about $26,000. Core Wealth Advisors LLC acquired a new stake in Tractor Supply during the fourth quarter valued at approximately $27,000. Bayban acquired a new stake in Tractor Supply during the fourth quarter valued at approximately $28,000. Elevation Wealth Partners LLC grew its stake in shares of Tractor Supply by 1,253.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 727 shares during the period. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in shares of Tractor Supply in the 2nd quarter worth approximately $26,000. Institutional investors own 98.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Robert W. Baird cut their target price on Tractor Supply from $50.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, July 20th. Raymond James Financial dropped their price objective on Tractor Supply from $48.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, July 17th. Evercore reissued an "outperform" rating and set a $40.00 price objective on shares of Tractor Supply in a report on Tuesday, July 7th. Truist Financial set a $32.00 target price on shares of Tractor Supply and gave the company a "hold" rating in a research note on Tuesday, June 16th. Finally, Guggenheim set a $40.00 target price on shares of Tractor Supply and gave the stock a "buy" rating in a report on Friday, July 24th. Thirteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $39.31.

Insiders Place Their Bets

In related news, CEO Harry Lawton, III bought 15,600 shares of Tractor Supply stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the transaction, the chief executive officer owned 15,600 shares of the company's stock, valued at approximately $501,540. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andre Hawaux purchased 3,150 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were bought at an average cost of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the purchase, the director directly owned 3,150 shares of the company's stock, valued at $100,264.50. The trade was a ∞ 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 purchased 20,310 shares of company stock valued at $652,411. Insiders own 0.64% of the company's stock.

Tractor Supply Trading Up 0.4%

Shares of TSCO opened at $32.33 on Tuesday. The stock has a fifty day moving average price of $33.32 and a two-hundred day moving average price of $35.74. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $59.64. The company has a market cap of $16.96 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 3.47 and a beta of 0.48.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced 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). The business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.Tractor Supply's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Analysts predict that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.0%. Tractor Supply's payout ratio is currently 50.00%.

Tractor Supply Company Profile

Tractor Supply Company NASDAQ: TSCO is a specialty retailer serving the needs of recreational farmers, ranchers, homeowners, pet owners and other customers who live a rural lifestyle. The company operates Tractor Supply stores across the United States, offering products designed for agriculture, home improvement, outdoor living and animal care.

Its merchandise includes livestock and pet supplies, agricultural and lawn-and-garden equipment, tools, hardware, fencing, workwear, footwear, outdoor power equipment, seasonal goods and home products.

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