Strive Financial Group LLC Sells 34,877 Shares of Tractor Supply Company $TSCO

Key Points

• Strive Financial Group LLC cut its Tractor Supply stake by 97.5% in the second quarter, selling 34,877 shares and retaining 902 shares valued at approximately $29,000. Institutional investors collectively own 98.72% of the company.
• Tractor Supply reported quarterly revenue of $4.54 billion and EPS of $0.81, narrowly missing analyst estimates, while revenue rose 2.3% year over year. The company declared a $0.24 quarterly dividend, equivalent to a 2.7% yield.
• Company insiders purchased $652,411 of shares over the past 90 days, including purchases by the CEO and a director. Analysts maintain a consensus “Hold” rating with an average price target of $39.31.

Strive Financial Group LLC decreased its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 97.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 902 shares of the specialty retailer's stock after selling 34,877 shares during the quarter. Strive Financial Group LLC's holdings in Tractor Supply were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Baypointe Partners LLC raised its position in shares of Tractor Supply by 7.1% in the 2nd quarter. Baypointe Partners LLC now owns 21,429 shares of the specialty retailer's stock valued at $677,000 after acquiring an additional 1,429 shares during the period. Copley Financial Group Inc. bought a new position in Tractor Supply during the 2nd quarter worth approximately $239,000. Syon Capital LLC acquired a new position in Tractor Supply during the second quarter valued at approximately $272,000. Concurrent Investment Advisors LLC grew its holdings in Tractor Supply by 60.0% during the second quarter. Concurrent Investment Advisors LLC now owns 126,313 shares of the specialty retailer's stock valued at $3,993,000 after purchasing an additional 47,353 shares during the period. Finally, NEOS Investment Management LLC increased its stake in Tractor Supply by 11.4% in the second quarter. NEOS Investment Management LLC now owns 87,649 shares of the specialty retailer's stock valued at $2,771,000 after purchasing an additional 9,000 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

Tractor Supply Stock Performance

Shares of TSCO opened at $34.99 on Monday. The firm has a market cap of $18.35 billion, a P/E ratio of 18.22, a PEG ratio of 3.77 and a beta of 0.48. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $60.87. 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 firm's 50 day moving average price is $32.76 and its two-hundred day moving average price is $37.21.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (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 the consensus estimate of $4.58 billion. During the same period in the prior year, the company earned $0.81 EPS. The firm's revenue was up 2.3% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, analysts forecast that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. Tractor Supply's dividend payout ratio (DPR) is currently 50.00%.

Insider Buying and Selling at Tractor Supply

In other news, Director Andre Hawaux acquired 3,150 shares of Tractor Supply stock in a transaction dated Monday, August 3rd. The stock was bought at an average cost of $31.83 per share, with a total value of $100,264.50. Following the completion of the transaction, the director directly owned 3,150 shares of the company's stock, valued at approximately $100,264.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Harry Lawton, III acquired 15,600 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased 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 of the company's stock, valued at $501,540. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 20,310 shares of company stock valued at $652,411 in the last 90 days. 0.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Piper Sandler set a $31.00 target price on shares of Tractor Supply and gave the stock a "neutral" rating in a report on Friday, July 24th. Wall Street Zen lowered shares of Tractor Supply from a "hold" rating to a "sell" rating in a report on Sunday, July 12th. Truist Financial set a $32.00 price objective on shares of Tractor Supply and gave the company a "hold" rating in a research report on Tuesday, June 16th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $38.00 price objective (down from $43.00) on shares of Tractor Supply in a research note on Friday, July 24th. Finally, TD Cowen reiterated a "hold" rating on shares of Tractor Supply in a report on Wednesday, July 15th. Thirteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $39.31.

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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