Flputnam Investment Management Co. Raises Stock Position in Tractor Supply Company $TSCO

Flputnam Investment Management Co. raised its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 221.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,727 shares of the specialty retailer’s stock after acquiring an additional 23,922 shares during the quarter. Flputnam Investment Management Co.’s holdings in Tractor Supply were worth $1,098,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. JPL Wealth Management LLC purchased a new position in Tractor Supply in the 3rd quarter worth approximately $28,000. Garner Asset Management Corp purchased a new stake in Tractor Supply during the 4th quarter valued at approximately $25,000. Reflection Asset Management purchased a new stake in Tractor Supply during the 4th quarter valued at approximately $26,000. Core Wealth Advisors LLC bought a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $27,000. Finally, Bayban bought a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $28,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Edna Morris bought 1,560 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the acquisition, the director owned 279,720 shares in the company, valued at $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andre J. Hawaux bought 3,150 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were bought 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 in the company, valued at approximately $100,264.50. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 20,310 shares of company stock valued at $652,411 over the last ninety days. 0.64% of the stock is owned by insiders.

Tractor Supply Stock Performance

TSCO stock opened at $34.72 on Monday. The firm has a fifty day moving average price of $32.31 and a 200 day moving average price of $37.91. Tractor Supply Company has a fifty-two week low of $28.36 and a fifty-two week high of $62.87. The firm 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. 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) last released 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). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The business had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same period in the previous year, the company earned $0.81 EPS. Tractor Supply’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. Sell-side analysts anticipate that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

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

Wall Street Analysts Forecast Growth

TSCO has been the topic of several research analyst reports. Zacks Research downgraded shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Evercore reiterated an “outperform” rating and issued a $40.00 price target on shares of Tractor Supply in a report on Tuesday, July 7th. Mizuho set a $28.00 price target on shares of Tractor Supply and gave the stock a “neutral” rating in a research note on Friday, July 24th. Wolfe Research set a $34.00 price objective on shares of Tractor Supply in a report on Thursday, July 16th. Finally, Telsey Advisory Group cut their price objective on Tractor Supply from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. Thirteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $39.31.

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.