Exchange Traded Concepts LLC Buys 16,600 Shares of Tractor Supply Company $TSCO

Exchange Traded Concepts LLC increased its stake in Tractor Supply Company (NASDAQ:TSCO) by 520.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,789 shares of the specialty retailer’s stock after buying an additional 16,600 shares during the period. Exchange Traded Concepts LLC’s holdings in Tractor Supply were worth $626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSCO. Goldman Sachs Group Inc. raised its position 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 purchasing an additional 184,146 shares during the last quarter. Swedbank AB grew its position in Tractor Supply by 3.3% during the 4th quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock valued at $56,470,000 after purchasing an additional 36,495 shares during the last quarter. Nomura Asset Management Co. Ltd. increased 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. increased 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 raised its holdings in Tractor Supply by 1.6% in the fourth quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock worth $119,410,000 after buying an additional 36,778 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Down 0.7%

Shares of TSCO stock opened at $36.17 on Friday. Tractor Supply Company has a 12 month low of $28.36 and a 12 month high of $62.89. The stock has a market cap of $18.97 billion, a P/E ratio of 18.84, a P/E/G ratio of 11.85 and a beta of 0.47. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. The company has a 50 day simple moving average of $31.27 and a two-hundred day simple moving average of $39.37.

Tractor Supply (NASDAQ:TSCO) last released 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). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The company had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter last year, the firm posted $0.81 earnings per share. Tractor Supply’s revenue for the quarter was up 2.3% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, research analysts expect that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. Tractor Supply’s dividend payout ratio is currently 50.00%.

Insider Activity at Tractor Supply

In other news, CEO Harry A. Lawton III bought 15,600 shares of the stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the transaction, the chief executive officer owned 15,600 shares of the company’s stock, valued at $501,540. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edna Morris bought 1,560 shares of Tractor Supply stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the acquisition, the director owned 279,720 shares in the company, valued at approximately $9,074,116.80. The trade was a 0.56% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 20,310 shares of company stock valued at $652,411. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TSCO shares. Wells Fargo & Company decreased their price objective on shares of Tractor Supply from $47.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Mizuho set a $28.00 target price on Tractor Supply and gave the company a “neutral” rating in a research note on Friday, July 24th. Citigroup reissued a “buy” rating on shares of Tractor Supply in a report on Thursday, July 16th. TD Cowen restated a “hold” rating on shares of Tractor Supply in a research note on Wednesday, July 15th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $38.00 price target (down from $43.00) on shares of Tractor Supply in a report on Friday, July 24th. Thirteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.