The Manufacturers Life Insurance Company Invests $43.50 Million in Tractor Supply Company $TSCO

The Manufacturers Life Insurance Company bought a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,376,086 shares of the specialty retailer’s stock, valued at approximately $43,498,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in 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 acquiring an additional 184,146 shares in the last quarter. Swedbank AB grew its stake in Tractor Supply by 3.3% in the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock worth $56,470,000 after purchasing an additional 36,495 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings 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 worth $36,364,000 after purchasing an additional 222,750 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings 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 worth $56,086,000 after purchasing an additional 46,010 shares during the period. Finally, King Luther Capital Management Corp raised its position in Tractor Supply by 1.6% during the 4th quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock valued at $119,410,000 after purchasing an additional 36,778 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Stock Performance

TSCO stock opened at $35.01 on Thursday. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 11.51 and a beta of 0.47. The firm has a 50-day simple moving average of $32.13 and a two-hundred day simple moving average of $38.19. Tractor Supply Company has a one year low of $28.36 and a one year high of $62.89. 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 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 firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the prior year, the business posted $0.81 earnings per share. The firm’s quarterly revenue 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, equities analysts forecast that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently announced 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. This represents a $0.96 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is 50.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays set a $35.00 price target on Tractor Supply and gave the stock an “equal weight” rating in a research report on Monday, July 13th. Wells Fargo & Company decreased their price objective on Tractor Supply from $47.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. TD Cowen reaffirmed a “hold” rating on shares of Tractor Supply in a research note on Wednesday, July 15th. Evercore reiterated an “outperform” rating and set a $40.00 target price on shares of Tractor Supply in a report on Tuesday, July 7th. Finally, Loop Capital cut their target price on shares of Tractor Supply from $41.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, June 16th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.31.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, Director Edna Morris purchased 1,560 shares of Tractor Supply stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average cost of $32.44 per share, with a total value of $50,606.40. Following the completion of the transaction, the director owned 279,720 shares in the company, valued at approximately $9,074,116.80. This trade represents a 0.56% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Harry A. Lawton III acquired 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 acquisition, the chief executive officer owned 15,600 shares in the company, valued at approximately $501,540. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 20,310 shares of company stock worth $652,411 over the last three months. 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.