Man Group plc acquired a new stake in Tractor Supply Company (NASDAQ:TSCO – Free Report) during the second quarter, HoldingsChannel reports. The fund acquired 1,144,452 shares of the specialty retailer’s stock, valued at approximately $36,176,000.
A number of other institutional investors have also recently bought and sold shares of TSCO. JPL Wealth Management LLC acquired a new position in shares of Tractor Supply in the 3rd quarter valued at $28,000. Garner Asset Management Corp acquired a new stake in shares of Tractor Supply during the fourth quarter worth $25,000. Reflection Asset Management bought a new stake in Tractor Supply in the fourth quarter valued at about $26,000. Core Wealth Advisors LLC acquired a new position in Tractor Supply in the fourth quarter valued at about $27,000. Finally, Bayban acquired a new position in Tractor Supply in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 98.72% of the company’s stock.
Analyst Ratings Changes
TSCO has been the subject of several analyst reports. Gordon Haskett boosted their target price on Tractor Supply from $40.00 to $50.00 in a research report on Friday, June 12th. Citigroup reissued a “buy” rating on shares of Tractor Supply in a research note on Thursday, July 16th. Raymond James Financial decreased their price objective on shares of Tractor Supply from $48.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, July 17th. TD Cowen reiterated a “hold” rating on shares of Tractor Supply in a report on Wednesday, July 15th. Finally, Wolfe Research set a $34.00 price target on shares of Tractor Supply in a report on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $39.31.
Insider Activity
In other news, Director Edna Morris bought 1,560 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the purchase, the director 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andre J. Hawaux purchased 3,150 shares of the stock in a transaction 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 transaction, the director owned 3,150 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders have bought 20,310 shares of company stock valued at $652,411. 0.64% of the stock is owned by company insiders.
Tractor Supply Stock Performance
Shares of NASDAQ TSCO opened at $35.01 on Thursday. The stock has a market capitalization of $18.36 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 11.51 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 stock has a 50 day moving average price of $32.13 and a 200 day moving average price of $38.19. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The company 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 company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Analysts predict that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.
Tractor Supply Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, August 24th. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. Tractor Supply’s payout ratio is currently 50.00%.
Tractor Supply 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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