Tractor Supply Company $TSCO Position Boosted by Provident Trust Co.

Provident Trust Co. increased its holdings in Tractor Supply Company (NASDAQ:TSCO) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,376,838 shares of the specialty retailer’s stock after purchasing an additional 19,786 shares during the quarter. Tractor Supply accounts for 1.6% of Provident Trust Co.’s holdings, making the stock its 13th biggest position. Provident Trust Co.’s holdings in Tractor Supply were worth $75,132,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wedbush Securities Inc. grew its position in Tractor Supply by 552.3% in the second quarter. Wedbush Securities Inc. now owns 49,039 shares of the specialty retailer’s stock worth $1,550,000 after buying an additional 41,521 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of Tractor Supply by 20.4% during the second quarter. Greenleaf Trust now owns 14,863 shares of the specialty retailer’s stock valued at $470,000 after purchasing an additional 2,519 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Tractor Supply by 3.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,944,848 shares of the specialty retailer’s stock valued at $156,307,000 after purchasing an additional 150,285 shares during the period. New Mexico Educational Retirement Board increased its stake in Tractor Supply by 9.1% in the 2nd quarter. New Mexico Educational Retirement Board now owns 26,300 shares of the specialty retailer’s stock worth $831,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Mufg Securities Americas Inc. increased its stake in Tractor Supply by 8.0% in the 2nd quarter. Mufg Securities Americas Inc. now owns 15,796 shares of the specialty retailer’s stock worth $499,000 after purchasing an additional 1,175 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on TSCO. TD Cowen reaffirmed a “hold” rating on shares of Tractor Supply in a research note on Wednesday, July 15th. Morgan Stanley restated a “negative” rating and set a $35.00 price target on shares of Tractor Supply in a report on Friday, July 24th. Guggenheim set a $40.00 price target on shares of Tractor Supply and gave the company a “buy” rating in a research report on Friday, July 24th. UBS Group set a $33.00 price objective on shares of Tractor Supply and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Finally, Barclays set a $35.00 price objective on shares of Tractor Supply and gave the stock an “equal weight” rating in a research report on Monday, July 13th. Thirteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.31.

Tractor Supply Trading Up 0.1%

NASDAQ:TSCO opened at $34.72 on Friday. 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 $62.87. The stock’s 50-day moving average is $32.31 and its two-hundred day moving average is $38.02. The stock has a market cap of $18.21 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 11.29 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly 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 company had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.Tractor Supply’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, equities research analysts forecast that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is currently 50.00%.

Insider Buying and Selling

In other news, CEO Harry A. Lawton III bought 15,600 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average cost of $32.15 per share, with a total value of $501,540.00. Following the transaction, the chief executive officer directly owned 15,600 shares in the company, valued at approximately $501,540. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edna Morris purchased 1,560 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $32.44 per share, with a total value of $50,606.40. Following the completion of the purchase, 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. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 20,310 shares of company stock worth $652,411. Corporate insiders own 0.64% of the company’s stock.

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.