Alecta Tjanstepension Omsesidigt lessened its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 22.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,703,400 shares of the specialty retailer's stock after selling 494,300 shares during the quarter. Alecta Tjanstepension Omsesidigt owned approximately 0.32% of Tractor Supply worth $53,827,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. JPL Wealth Management LLC acquired a new stake in Tractor Supply during the third quarter valued at approximately $28,000. Garner Asset Management Corp bought a new position in Tractor Supply during the 4th quarter worth approximately $25,000. Reflection Asset Management acquired a new position in shares of Tractor Supply in the 4th quarter worth approximately $26,000. Core Wealth Advisors LLC acquired a new position in shares of Tractor Supply in the 4th quarter worth approximately $27,000. Finally, Bayban acquired a new position in shares of Tractor Supply in the 4th quarter worth approximately $28,000. Institutional investors own 98.72% of the company's stock.
Tractor Supply Price Performance
NASDAQ:TSCO opened at $36.17 on Friday. The business's 50-day moving average price is $31.27 and its 200 day moving average price is $39.37. The firm has a market cap of $18.97 billion, a P/E ratio of 18.84, a PEG ratio of 11.85 and a beta of 0.47. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $62.89. 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 earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS 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 analyst estimates of $4.58 billion. During the same period in the prior year, the company earned $0.81 earnings per share. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, sell-side analysts predict that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.
Tractor Supply Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply's dividend payout ratio (DPR) is presently 50.00%.
Analyst Ratings Changes
TSCO has been the topic of several research reports. The Goldman Sachs Group reissued a "buy" rating and set a $38.00 price target (down from $43.00) on shares of Tractor Supply in a research report on Friday, July 24th. Truist Financial set a $32.00 price objective on shares of Tractor Supply and gave the stock a "hold" rating in a report on Tuesday, June 16th. Piper Sandler set a $31.00 target price on shares of Tractor Supply and gave the company a "neutral" rating in a research note on Friday, July 24th. Zacks Research cut shares of Tractor Supply from a "hold" rating to a "strong sell" rating in a report on Monday, July 13th. Finally, Guggenheim set a $40.00 target price on shares of Tractor Supply and gave the stock a "buy" rating in a report on Friday, July 24th. Thirteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $39.31.
Get Our Latest Analysis on Tractor Supply
Insider Activity
In other Tractor Supply news, Director Andre J. 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 owned 3,150 shares of the company's stock, valued at $100,264.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edna Morris bought 1,560 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the transaction, the director owned 279,720 shares of the company's stock, valued at $9,074,116.80. This represents a 0.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 20,310 shares of company stock worth $652,411. 0.64% of the stock is owned by corporate insiders.
Tractor Supply Company Profile
(
Free Report)
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.
Further Reading
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).
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