Clifford Swan Investment Counsel LLC increased its position in Tractor Supply Company (NASDAQ:TSCO – Free Report) by 2.6% in the second quarter, HoldingsChannel reports. The firm owned 641,378 shares of the specialty retailer’s stock after purchasing an additional 16,521 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Tractor Supply were worth $20,274,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in shares of Tractor Supply by 6.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock valued at $156,108,000 after purchasing an additional 184,146 shares in the last quarter. Swedbank AB lifted its holdings in shares of Tractor Supply by 3.3% during the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock valued at $56,470,000 after purchasing an additional 36,495 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Tractor Supply by 44.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock worth $36,364,000 after purchasing an additional 222,750 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Tractor Supply by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock worth $56,086,000 after purchasing an additional 46,010 shares in the last quarter. Finally, King Luther Capital Management Corp grew its stake in shares of Tractor Supply by 1.6% in the 4th quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock worth $119,410,000 after buying an additional 36,778 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms recently weighed in on TSCO. Mizuho set a $28.00 price objective on Tractor Supply and gave the company a “neutral” rating in a research report on Friday, July 24th. Wolfe Research set a $34.00 target price on Tractor Supply in a research note on Thursday, July 16th. Guggenheim set a $40.00 price target on Tractor Supply and gave the company a “buy” rating in a report on Friday, July 24th. Gordon Haskett lifted their price target on Tractor Supply from $40.00 to $50.00 in a research report on Friday, June 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $38.00 price target (down from $43.00) on shares of Tractor Supply in a research note on Friday, July 24th. Thirteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.31.
Insider Transactions at Tractor Supply
In other Tractor Supply news, Director Edna Morris acquired 1,560 shares of the stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the purchase, the director directly owned 279,720 shares of the company’s stock, valued at approximately $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Harry A. Lawton III acquired 15,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the acquisition, the chief executive officer owned 15,600 shares of the company’s stock, valued at $501,540. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 20,310 shares of company stock worth $652,411 in the last quarter. Company insiders own 0.64% of the company’s stock.
Tractor Supply Stock Performance
Shares of TSCO opened at $34.90 on Tuesday. The firm has a market capitalization of $18.30 billion, a P/E ratio of 18.18, a PEG ratio of 11.29 and a beta of 0.47. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23. Tractor Supply Company has a one year low of $28.36 and a one year high of $62.87. The business has a fifty day moving average of $32.41 and a 200 day moving average of $37.77.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, sell-side analysts anticipate that Tractor Supply Company will post 1.93 EPS for the current year.
Tractor Supply Dividend Announcement
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 given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.96 annualized dividend and a dividend yield of 2.8%. Tractor Supply’s dividend payout ratio is presently 50.00%.
About Tractor Supply
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.
Featured Articles
- Five stocks we like better than Tractor Supply
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
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).
Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.
