Tractor Supply Company $TSCO Stock Position Lifted by Griffin Asset Management Inc.

Griffin Asset Management Inc. lifted its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 64.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,075 shares of the specialty retailer’s stock after purchasing an additional 24,001 shares during the quarter. Griffin Asset Management Inc.’s holdings in Tractor Supply were worth $1,931,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in shares of Tractor Supply by 6.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock worth $156,108,000 after acquiring an additional 184,146 shares during the period. Swedbank AB lifted its position in Tractor Supply by 3.3% in the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock worth $56,470,000 after purchasing an additional 36,495 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Tractor Supply by 44.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock valued at $36,364,000 after purchasing an additional 222,750 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Tractor Supply by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock valued at $56,086,000 after purchasing an additional 46,010 shares in the last quarter. Finally, King Luther Capital Management Corp increased its position in shares of Tractor Supply by 1.6% during the 4th quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock valued at $119,410,000 after purchasing an additional 36,778 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity

In other Tractor Supply news, Director Andre J. Hawaux acquired 3,150 shares of Tractor Supply stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average cost of $31.83 per share, with a total value of $100,264.50. Following the purchase, the director owned 3,150 shares in the company, valued at approximately $100,264.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Harry A. Lawton III bought 15,600 shares of the stock in a transaction 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 purchase, the chief executive officer owned 15,600 shares in the company, valued at approximately $501,540. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 20,310 shares of company stock worth $652,411. 0.64% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on TSCO shares. Morgan Stanley restated a “negative” rating and issued a $35.00 price objective on shares of Tractor Supply in a report on Friday, July 24th. Stephens cut their price target on shares of Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Citigroup reaffirmed a “buy” rating on shares of Tractor Supply in a research note on Thursday, July 16th. Raymond James Financial dropped their target price on shares of Tractor Supply from $48.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Tractor Supply from $55.00 to $48.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Tractor Supply currently has an average rating of “Hold” and an average target price of $39.31.

Tractor Supply Stock Performance

Tractor Supply stock opened at $36.17 on Friday. The firm’s 50 day simple moving average is $31.27 and its 200-day simple moving average is $39.37. The company has a market cap of $18.97 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 11.85 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 fifty-two week low of $28.36 and a fifty-two week high of $62.89.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 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 analysts’ expectations of $4.58 billion. During the same quarter last year, the company posted $0.81 EPS. The firm’s revenue 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. As a group, equities research analysts predict that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

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 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is 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.