Cibc World Market Inc. Purchases New Stake in Tractor Supply Company $TSCO

Cibc World Market Inc. acquired a new position in shares of Tractor Supply Company (NASDAQ:TSCO) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 81,577 shares of the specialty retailer’s stock, valued at approximately $2,579,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Garner Asset Management Corp bought a new stake in Tractor Supply during the fourth quarter valued at $25,000. Elevation Wealth Partners LLC raised its holdings 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 purchasing an additional 727 shares during the period. Reflection Asset Management bought a new position in shares of Tractor Supply in the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of Tractor Supply in the 2nd quarter worth about $26,000. Finally, Core Wealth Advisors LLC acquired a new position in shares of Tractor Supply in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TSCO. Argus set a $41.00 price objective on shares of Tractor Supply in a research report on Tuesday, July 28th. Gordon Haskett raised their target price on shares of Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. Zacks Research downgraded Tractor Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Piper Sandler set a $31.00 target price on Tractor Supply and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, UBS Group set a $33.00 target price on Tractor Supply and gave the company a “neutral” rating in a report on Tuesday, July 14th. Thirteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $39.31.

Tractor Supply Stock Down 1.0%

TSCO stock opened at $35.01 on Thursday. 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 fifty-two week low of $28.36 and a fifty-two week high of $62.89. The firm’s 50-day simple moving average is $32.13 and its 200 day simple moving average is $38.19. The stock has a market cap 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 (NASDAQ:TSCO) last posted its earnings results 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 firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, sell-side analysts predict that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

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 issued a dividend of $0.24 per share. 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 50.00%.

Insider Transactions at Tractor Supply

In other Tractor Supply news, Director Andre J. Hawaux acquired 3,150 shares of Tractor Supply stock in a transaction dated Monday, August 3rd. The stock was acquired at an average cost 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 approximately $100,264.50. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Edna Morris acquired 1,560 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $32.44 per share, with a total value of $50,606.40. Following the completion of the acquisition, the director directly owned 279,720 shares in the company, valued at approximately $9,074,116.80. This represents a 0.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 20,310 shares of company stock worth $652,411. Company insiders own 0.64% of the company’s stock.

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.