Tractor Supply Company $TSCO Shares Sold by Empowered Funds LLC

Key Points

• Empowered Funds LLC cut its Tractor Supply stake by 60.4% in the first quarter, selling 221,971 shares and retaining 145,470 shares valued at approximately $6.59 million. Other major institutional investors generally increased their positions, and institutions collectively own 98.72% of the stock.
• Tractor Supply’s latest quarterly results slightly missed expectations, with earnings of $0.81 per share versus $0.82 expected and revenue of $4.54 billion versus $4.58 billion forecast. Revenue still increased 2.3% year over year, while full-year 2026 EPS guidance was set at $1.90–$2.00.
• The company announced a quarterly dividend of $0.24 per share, or $0.96 annualized, representing a 2.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $39.31, while insiders bought 20,310 shares worth $652,411 over the past 90 days.

Empowered Funds LLC lessened its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 60.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,470 shares of the specialty retailer's stock after selling 221,971 shares during the period. Empowered Funds LLC's holdings in Tractor Supply were worth $6,590,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TSCO. Capital International Investors boosted its holdings in Tractor Supply by 3.9% in the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer's stock worth $1,214,390,000 after purchasing an additional 902,659 shares during the period. State Street Corp lifted its position in shares of Tractor Supply by 0.7% in the 4th quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer's stock worth $1,152,819,000 after buying an additional 162,774 shares during the last quarter. Invesco Ltd. lifted its position in shares of Tractor Supply by 18.4% in the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer's stock worth $871,855,000 after buying an additional 2,706,819 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tractor Supply by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer's stock valued at $791,703,000 after buying an additional 184,457 shares during the period. Finally, Capital World Investors grew its position in shares of Tractor Supply by 2.3% during the 4th quarter. Capital World Investors now owns 15,157,047 shares of the specialty retailer's stock valued at $758,004,000 after buying an additional 336,040 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Insider Activity at Tractor Supply

In related news, CEO Harry A. Lawton III acquired 15,600 shares of Tractor Supply stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired 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 directly owned 15,600 shares of the company's stock, valued at $501,540. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andre J. Hawaux acquired 3,150 shares of Tractor Supply stock in a transaction that occurred on 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 acquisition, the director directly owned 3,150 shares of the company's stock, valued at approximately $100,264.50. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 20,310 shares of company stock worth $652,411 over the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $35.83 on Friday. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $62.89. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23. The firm has a market capitalization of $18.79 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 11.66 and a beta of 0.47. The business has a 50 day simple moving average of $31.39 and a 200 day simple moving average of $39.34.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its 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). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the previous year, the firm 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, equities research analysts anticipate that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, August 24th. Tractor Supply's payout ratio is currently 50.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TSCO shares. Evercore reiterated an "outperform" rating and set a $40.00 price objective on shares of Tractor Supply in a research note on Tuesday, July 7th. Truist Financial set a $32.00 target price on Tractor Supply and gave the company a "hold" rating in a report on Tuesday, June 16th. Morgan Stanley reiterated a "negative" rating and set a $35.00 price target on shares of Tractor Supply in a research report on Friday, July 24th. Weiss Ratings cut Tractor Supply from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, July 23rd. Finally, Telsey Advisory Group cut their price target on Tractor Supply from $40.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, July 24th. Thirteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average 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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