Danske Bank A S Takes $6.09 Million Position in Tractor Supply Company $TSCO

Danske Bank A S acquired a new stake in Tractor Supply Company (NASDAQ:TSCOFree Report) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 192,671 shares of the specialty retailer’s stock, valued at approximately $6,090,000.

A number of other large investors have also made changes to their positions in TSCO. Bison Wealth LLC boosted its holdings in shares of Tractor Supply by 356.1% in the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after buying an additional 5,017 shares during the period. Woodline Partners LP increased its position in shares of Tractor Supply by 40.7% during the first quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock worth $2,487,000 after acquiring an additional 13,051 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Tractor Supply by 26.9% during the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock worth $1,442,000 after acquiring an additional 5,542 shares during the period. Sei Investments Co. lifted its position in Tractor Supply by 1.2% in the 2nd quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock valued at $16,676,000 after acquiring an additional 3,631 shares in the last quarter. Finally, Glenview Trust co lifted its position in Tractor Supply by 36.0% in the 2nd quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock valued at $1,036,000 after acquiring an additional 5,194 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Insider Activity

In other Tractor Supply news, Director Andre J. Hawaux purchased 3,150 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were acquired 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 owned 3,150 shares of the company’s stock, valued at approximately $100,264.50. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Harry A. Lawton III purchased 15,600 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the transaction, the chief executive officer owned 15,600 shares of the company’s stock, valued at $501,540. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 20,310 shares of company stock valued at $652,411. 0.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TSCO shares. Wolfe Research set a $34.00 target price on Tractor Supply in a report on Thursday, July 16th. Weiss Ratings lowered Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 23rd. Raymond James Financial reduced their price objective on Tractor Supply from $48.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. UBS Group set a $33.00 target price on Tractor Supply and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen cut Tractor Supply from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Thirteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $39.31.

View Our Latest Report on TSCO

Tractor Supply Trading Down 0.2%

Shares of Tractor Supply stock opened at $34.98 on Friday. The stock has a market cap of $18.35 billion, a P/E ratio of 18.22, a P/E/G ratio of 11.40 and a beta of 0.47. The business’s 50 day moving average is $31.82 and its 200-day moving average is $38.69. 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 $62.89.

Tractor Supply (NASDAQ:TSCOGet Free Report) last released 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). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the firm earned $0.81 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Equities research analysts predict 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. Stockholders of record on Monday, August 24th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply’s payout ratio is presently 50.00%.

Tractor Supply 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

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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