TimesSquare Capital Management LLC Takes Position in Tractor Supply Company $TSCO

Key Points

• TimesSquare Capital Management initiated a Tractor Supply position of 908,984 shares valued at approximately $28.7 million, while institutional investors collectively own 98.72% of the company.
• Tractor Supply’s latest quarter slightly missed expectations, reporting $0.81 EPS versus $0.82 expected and $4.54 billion in revenue versus $4.58 billion forecast; revenue nevertheless increased 2.3% year over year.
• Analysts maintain a consensus “Hold” rating with a $39.31 price target. The company declared a quarterly dividend of $0.24 per share, and insiders—including the CEO—purchased shares recently.

TimesSquare Capital Management LLC purchased a new stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 908,984 shares of the specialty retailer's stock, valued at approximately $28,733,000. TimesSquare Capital Management LLC owned approximately 0.17% of Tractor Supply as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of TSCO. Garner Asset Management Corp acquired a new stake in Tractor Supply in the 4th quarter worth about $25,000. Elevation Wealth Partners LLC grew its position in shares of Tractor Supply by 1,253.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 727 shares in the last quarter. Reflection Asset Management acquired a new position in shares of Tractor Supply during the 4th quarter worth approximately $26,000. Core Wealth Advisors LLC bought a new position in shares of Tractor Supply during the fourth quarter worth approximately $27,000. Finally, Community Financial Services Group LLC increased its holdings in shares of Tractor Supply by 3,240.0% during the second quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 810 shares during the period. 98.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Daiwa Securities Group dropped their price target on shares of Tractor Supply from $52.00 to $41.00 and set a "neutral" rating for the company in a research report on Thursday, April 23rd. Piper Sandler set a $31.00 price objective on Tractor Supply and gave the stock a "neutral" rating in a research note on Friday, July 24th. Telsey Advisory Group dropped their price objective on Tractor Supply from $40.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, July 24th. 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. Finally, Gordon Haskett upped their target price on Tractor Supply from $40.00 to $50.00 in a research report on Friday, June 12th. Thirteen equities research 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. According to MarketBeat, Tractor Supply has a consensus rating of "Hold" and a consensus price target of $39.31.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $34.68 on Tuesday. 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 company has a market cap of $18.19 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 11.66 and a beta of 0.47. The company has a 50 day moving average of $31.48 and a 200-day moving average of $39.08. Tractor Supply Company has a 1-year low of $28.36 and a 1-year high of $62.89.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The firm 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 business earned $0.81 earnings per share. The business'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, equities research analysts forecast that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm 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. 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 2.8%. Tractor Supply's payout ratio is 50.00%.

Insider Buying and Selling

In other Tractor Supply news, CEO Harry A. Lawton III bought 15,600 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the transaction, the chief executive officer directly owned 15,600 shares in the company, valued at approximately $501,540. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Edna Morris bought 1,560 shares of the stock in a transaction on Tuesday, August 4th. The shares were acquired at an average cost of $32.44 per share, with a total value of $50,606.40. Following the purchase, the director owned 279,720 shares of the company's stock, valued at approximately $9,074,116.80. This represents a 0.56% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 20,310 shares of company stock worth $652,411 in the last ninety days. 0.64% of the stock is owned by insiders.

Tractor Supply Company 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.

Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply Company (NASDAQ:TSCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source