20,500 Shares in Tractor Supply Company $TSCO Acquired by Summit Asset Management LLC

Summit Asset Management LLC bought a new stake in Tractor Supply Company (NASDAQ:TSCO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,500 shares of the specialty retailer’s stock, valued at approximately $648,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital International Investors grew its position in Tractor Supply by 3.9% in the 4th quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after acquiring an additional 902,659 shares in the last quarter. State Street Corp grew its holdings in shares of Tractor Supply by 0.7% in the fourth quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after purchasing an additional 162,774 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Tractor Supply by 18.4% in the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after purchasing an additional 2,706,819 shares in the last quarter. Geode Capital Management LLC increased its stake in Tractor Supply by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock worth $791,703,000 after buying an additional 184,457 shares during the period. Finally, Capital World Investors increased its stake in Tractor Supply by 2.3% during the 4th quarter. Capital World Investors now owns 15,157,047 shares of the specialty retailer’s stock worth $758,004,000 after buying an additional 336,040 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TSCO has been the subject of several recent research reports. Argus set a $41.00 price target on shares of Tractor Supply in a research report on Tuesday, July 28th. 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 report on Friday, July 24th. Weiss Ratings cut Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 23rd. Truist Financial set a $32.00 price objective on Tractor Supply and gave the company a “hold” rating in a research note on Tuesday, June 16th. Finally, BNP Paribas Exane decreased their target price on Tractor Supply from $58.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, April 22nd. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.31.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $35.83 on Friday. The stock has a market cap of $18.79 billion, a P/E ratio of 18.66, a P/E/G ratio of 11.66 and a beta of 0.47. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $62.89. The stock has a 50 day moving average of $31.39 and a two-hundred day moving average of $39.34. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 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 during the quarter, compared to analyst estimates of $4.58 billion. During the same period in the previous year, the firm earned $0.81 earnings per share. The business’s revenue 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. On average, research analysts forecast that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Announces Dividend

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

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, Director Andre J. Hawaux bought 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, with a total value of $100,264.50. Following the completion of the acquisition, the director owned 3,150 shares of the company’s stock, valued at approximately $100,264.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Harry A. Lawton III bought 15,600 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $32.15 per share, with a total value of $501,540.00. Following the purchase, the chief executive officer directly owned 15,600 shares of the company’s stock, valued at approximately $501,540. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 20,310 shares of company stock worth $652,411. 0.64% of the stock is owned by company insiders.

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.