Griffin Asset Management Inc. lifted its holdings in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) by 64.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,075 shares of the specialty retailer’s stock after acquiring an additional 24,001 shares during the quarter. Griffin Asset Management Inc.’s holdings in Tractor Supply were worth $1,931,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the business. Garner Asset Management Corp acquired a new position in shares of Tractor Supply in the 4th quarter valued at approximately $25,000. Elevation Wealth Partners LLC grew its position in shares of Tractor Supply by 1,253.4% during the second quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock worth $25,000 after buying an additional 727 shares in the last quarter. Reflection Asset Management bought a new stake in shares of Tractor Supply in the fourth quarter worth $26,000. Core Wealth Advisors LLC acquired a new stake in Tractor Supply in the fourth quarter valued at $27,000. Finally, Community Financial Services Group LLC raised its holdings in Tractor Supply by 3,240.0% in the second quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 810 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.
Insider Transactions at Tractor Supply
In other news, Director Edna Morris acquired 1,560 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of $32.44 per share, with a total value of $50,606.40. Following the acquisition, the director directly owned 279,720 shares in the company, valued at approximately $9,074,116.80. The trade was a 0.56% 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 Andre J. Hawaux acquired 3,150 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the transaction, the director owned 3,150 shares in the company, valued at $100,264.50. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 20,310 shares of company stock worth $652,411. Insiders own 0.64% of the company’s stock.
Tractor Supply Stock Performance
Tractor Supply (NASDAQ:TSCO – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $4.54 billion during 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 company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, 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 will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be issued 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 2.7%. Tractor Supply’s payout ratio is 50.00%.
Analysts Set New Price Targets
Several research analysts have weighed in on TSCO shares. Gordon Haskett raised their price objective on shares of Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. Wolfe Research set a $34.00 price objective on Tractor Supply in a report on Thursday, July 16th. Argus set a $41.00 price objective on Tractor Supply in a research note on Tuesday, July 28th. Zacks Research downgraded Tractor Supply from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Robert W. Baird lowered their price target on Tractor Supply from $50.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Thirteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.31.
Check Out Our Latest Research Report on Tractor Supply
Tractor Supply Company 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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