UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 3.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,944,848 shares of the specialty retailer's stock after purchasing an additional 150,285 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.94% of Tractor Supply worth $156,307,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Tractor Supply in the second quarter valued at about $1,500,967,000. Capital International Investors grew its stake in Tractor Supply by 3.9% in the 4th quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer's stock valued at $1,214,390,000 after buying an additional 902,659 shares during the last quarter. State Street Corp raised its holdings in Tractor Supply by 0.7% in the 4th quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer's stock valued at $1,152,819,000 after acquiring an additional 162,774 shares during the period. Invesco Ltd. raised its holdings in Tractor Supply by 18.4% in the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer's stock valued at $871,855,000 after acquiring an additional 2,706,819 shares during the period. Finally, Geode Capital Management LLC lifted its position in Tractor Supply by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer's stock worth $791,703,000 after acquiring an additional 184,457 shares during the last quarter. 98.72% of the stock is owned by institutional investors.
Analyst Ratings Changes
TSCO has been the topic of several research reports. Loop Capital decreased their target price on Tractor Supply from $41.00 to $35.00 and set a "hold" rating on the stock in a research report on Tuesday, June 16th. Robert W. Baird reduced their price target on Tractor Supply from $50.00 to $38.00 and set an "outperform" rating for the company in a research note on Monday, July 20th. UBS Group set a $33.00 price objective on Tractor Supply and gave the company a "neutral" rating in a report on Tuesday, July 14th. The Goldman Sachs Group reiterated a "buy" rating and set a $38.00 price objective (down from $43.00) on shares of Tractor Supply in a research report on Friday, July 24th. Finally, Barclays set a $35.00 target price on shares of Tractor Supply and gave the company an "equal weight" rating in a research report on Monday, July 13th. Thirteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Tractor Supply currently has an average rating of "Hold" and an average price target of $39.31.
Check Out Our Latest Stock Analysis on Tractor Supply
Insider Activity
In other Tractor Supply news, Director Edna Morris acquired 1,560 shares of Tractor Supply stock in a transaction that occurred 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 completion of the purchase, the director directly owned 279,720 shares of the company's stock, valued at $9,074,116.80. This represents a 0.56% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Harry A. Lawton III bought 15,600 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was acquired at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the transaction, the chief executive officer owned 15,600 shares of the company's stock, valued at approximately $501,540. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have acquired 20,310 shares of company stock worth $652,411. Insiders own 0.64% of the company's stock.
Tractor Supply Price Performance
TSCO stock opened at $34.71 on Wednesday. The company's 50-day moving average price is $32.51 and its two-hundred day moving average price is $37.63. The firm has a market cap of $18.20 billion, a P/E ratio of 18.08, a P/E/G ratio of 3.76 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 Company has a 12 month low of $28.36 and a 12 month high of $62.26.
Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share 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 the consensus estimate of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The business's revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.81 EPS. 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 earnings per share for the current fiscal year.
Tractor Supply Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply's dividend payout ratio (DPR) is currently 50.00%.
About Tractor Supply
(
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
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