Tractor Supply Company $TSCO Shares Sold by NewEdge Advisors LLC

Key Points

• NewEdge Advisors cut its Tractor Supply stake by 23.1% in the second quarter, selling 62,631 shares and retaining 208,600 shares worth approximately $6.6 million. Institutional investors and hedge funds collectively own 98.72% of the company.
• Company insiders purchased 20,310 shares valued at $652,411 over the past three months, including purchases by directors Edna Morris and Andre Hawaux.
• Analyst sentiment is mixed, with Tractor Supply carrying a consensus “Hold” rating and an average price target of $39.31. The company slightly missed quarterly earnings and revenue estimates, while reporting 2.3% year-over-year revenue growth and maintaining a $0.24 quarterly dividend.

NewEdge Advisors LLC trimmed its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 23.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,600 shares of the specialty retailer's stock after selling 62,631 shares during the period. NewEdge Advisors LLC's holdings in Tractor Supply were worth $6,594,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TSCO. BlackRock Inc. acquired a new stake in shares of Tractor Supply during the 2nd quarter worth about $1,500,967,000. California State Teachers Retirement System lifted its stake in shares of Tractor Supply by 2,942.0% during the second quarter. California State Teachers Retirement System now owns 23,260,693 shares of the specialty retailer's stock valued at $735,865,000 after buying an additional 22,496,041 shares during the period. Norges Bank purchased a new position in shares of Tractor Supply during the fourth quarter valued at approximately $303,862,000. Van ECK Associates Corp grew its stake in Tractor Supply by 2,983.6% in the 2nd quarter. Van ECK Associates Corp now owns 5,144,955 shares of the specialty retailer's stock worth $162,632,000 after acquiring an additional 4,978,105 shares during the period. Finally, Select Equity Group L.P. raised its holdings in Tractor Supply by 41.9% in the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer's stock valued at $670,887,000 after acquiring an additional 3,753,414 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tractor Supply

In other news, Director Edna Morris acquired 1,560 shares of the business's stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the acquisition, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. This trade represents a 0.56% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andre Hawaux acquired 3,150 shares of Tractor Supply stock in a transaction dated Monday, August 3rd. The stock was purchased 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 in the company, valued at approximately $100,264.50. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 20,310 shares of company stock worth $652,411 in the last three months. 0.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. DA Davidson reduced their price target on Tractor Supply from $50.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, June 22nd. Wolfe Research set a $34.00 target price on Tractor Supply in a research note on Thursday, July 16th. Weiss Ratings downgraded Tractor Supply from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday. Barclays set a $35.00 price target on Tractor Supply and gave the stock an "equal weight" rating in a research note on Monday, July 13th. 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 stock. Based on data from MarketBeat, Tractor Supply has a consensus rating of "Hold" and an average price target of $39.31.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $33.01 on Monday. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $60.85. The firm has a fifty day moving average of $33.00 and a 200-day moving average of $36.55. The stock has a market capitalization of $17.31 billion, a PE ratio of 17.19, a P/E/G ratio of 3.56 and a beta of 0.48. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, analysts anticipate that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, August 24th. This represents a $0.96 annualized dividend and a yield of 2.9%. Tractor Supply's dividend 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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