Equitable Holdings Inc. Takes $502,000 Position in Tractor Supply Company $TSCO

Equitable Holdings Inc. purchased a new stake in Tractor Supply Company (NASDAQ:TSCO) in the 2nd quarter, HoldingsChannel reports. The firm purchased 15,875 shares of the specialty retailer’s stock, valued at approximately $502,000.

Other hedge funds have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new position in shares of Tractor Supply during the 3rd quarter worth $28,000. Garner Asset Management Corp acquired a new stake in shares of Tractor Supply in the 4th quarter valued at $25,000. Reflection Asset Management bought a new stake in Tractor Supply in the fourth quarter worth $26,000. Core Wealth Advisors LLC acquired a new position in Tractor Supply during the fourth quarter worth $27,000. Finally, Bayban bought a new position in Tractor Supply during the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insiders Place Their Bets

In other news, Director Andre J. Hawaux acquired 3,150 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was bought at an average price of $31.83 per share, with a total value of $100,264.50. Following the completion of the acquisition, the director owned 3,150 shares in the company, valued at approximately $100,264.50. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Edna Morris purchased 1,560 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of $32.44 per share, with a total value of $50,606.40. Following the acquisition, the director owned 279,720 shares of the company’s stock, valued at $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. Insiders purchased 20,310 shares of company stock worth $652,411 over the last three months. 0.64% of the stock is currently owned by corporate insiders.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $34.72 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. The stock’s 50-day moving average is $32.31 and its 200-day moving average is $37.91. The company has a market cap of $18.21 billion, a P/E ratio of 18.08, a P/E/G ratio of 11.29 and a beta of 0.47. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $62.87.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. Tractor Supply’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Equities research analysts predict that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders 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 yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply’s payout ratio is presently 50.00%.

Wall Street Analyst Weigh In

TSCO has been the subject of a number of analyst reports. TD Cowen reaffirmed a “hold” rating on shares of Tractor Supply in a research report on Wednesday, July 15th. Guggenheim set a $40.00 price objective on Tractor Supply and gave the company a “buy” rating in a research note on Friday, July 24th. Telsey Advisory Group cut their price objective on Tractor Supply from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Loop Capital reduced their target price on Tractor Supply from $41.00 to $35.00 and set a “hold” rating for the company in a report on Tuesday, June 16th. Finally, Wall Street Zen cut Tractor Supply from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Thirteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.