OMERS ADMINISTRATION Corp Invests $1.27 Million in Tractor Supply Company $TSCO

Key Points

• OMERS Administration Corp. purchased 40,337 Tractor Supply shares worth approximately $1.27 million, while institutional investors collectively own 98.72% of the company.
• Insiders bought 20,310 shares valued at $652,411 over the past three months, including CEO Harry Lawton’s $501,540 purchase and Director Edna Morris’s $50,606 purchase.
• Analyst sentiment is mixed, with an average “Hold” rating and $39.31 price target. Tractor Supply slightly missed quarterly earnings and revenue estimates but reported 2.3% year-over-year revenue growth and declared a quarterly dividend of $0.24 per share.

OMERS ADMINISTRATION Corp purchased a new stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 40,337 shares of the specialty retailer's stock, valued at approximately $1,275,000.

Other institutional investors also recently modified their holdings of the company. Garner Asset Management Corp bought a new stake in Tractor Supply in the 4th quarter worth about $25,000. Elevation Wealth Partners LLC lifted its stake in Tractor Supply by 1,253.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 727 shares during the period. Reflection Asset Management purchased a new stake in shares of Tractor Supply during the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Tractor Supply during the 2nd quarter valued at about $26,000. Finally, Core Wealth Advisors LLC bought a new stake in shares of Tractor Supply in the fourth quarter worth approximately $27,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TSCO. Gordon Haskett boosted their price objective on shares of Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. Wells Fargo & Company dropped their target price on shares of Tractor Supply from $47.00 to $35.00 and set an "overweight" rating on the stock in a report on Wednesday, July 15th. Mizuho set a $28.00 target price on shares of Tractor Supply and gave the stock a "neutral" rating in a research report on Friday, July 24th. Evercore reiterated an "outperform" rating and set a $40.00 target price on shares of Tractor Supply in a research note on Tuesday, July 7th. Finally, Zacks Research cut Tractor Supply from a "hold" rating to a "strong sell" rating in a report on Monday, July 13th. 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 company. Based on data from MarketBeat.com, Tractor Supply presently has an average rating of "Hold" and an average target price of $39.31.

Insider Buying and Selling

In related news, Director Edna Morris purchased 1,560 shares of Tractor Supply stock in a transaction on Tuesday, August 4th. The stock was acquired at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the transaction, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. This represents a 0.56% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Harry A. Lawton III acquired 15,600 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the purchase, the chief executive officer directly 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 SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 20,310 shares of company stock valued at $652,411. 0.64% of the stock is owned by company insiders.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO opened at $35.01 on Thursday. The firm has a 50 day moving average of $32.13 and a 200 day moving average of $38.19. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 11.51 and a beta of 0.47. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $62.89.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $4.54 billion during 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%.The firm's revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, research analysts anticipate that Tractor Supply Company will post 1.93 earnings per share for the current 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 paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, August 24th. Tractor Supply's dividend payout ratio is 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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