Quantitative Investment Management LLC Acquires 40,645 Shares of Tractor Supply Company $TSCO

Quantitative Investment Management LLC boosted its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 185.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 62,586 shares of the specialty retailer’s stock after acquiring an additional 40,645 shares during the quarter. Quantitative Investment Management LLC’s holdings in Tractor Supply were worth $1,978,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSCO. BlackRock Inc. acquired a new position in Tractor Supply in the 2nd quarter valued at about $1,500,967,000. Norges Bank bought a new position in Tractor Supply during the 4th quarter worth $303,862,000. Van ECK Associates Corp increased its position in Tractor Supply by 2,983.6% during the 2nd quarter. Van ECK Associates Corp now owns 5,144,955 shares of the specialty retailer’s stock worth $162,632,000 after buying an additional 4,978,105 shares during the period. Select Equity Group L.P. lifted its holdings in shares of Tractor Supply by 41.9% during the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock worth $670,887,000 after buying an additional 3,753,414 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of Tractor Supply during the second quarter worth $110,137,000. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on TSCO shares. Gordon Haskett upped their price target on shares of Tractor Supply from $40.00 to $50.00 in a research note on Friday, June 12th. TD Cowen reissued a “hold” rating on shares of Tractor Supply in a report on Wednesday, July 15th. Evercore restated an “outperform” rating and set a $40.00 target price on shares of Tractor Supply in a research report on Tuesday, July 7th. Robert W. Baird lowered their target price on shares of Tractor Supply from $50.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Finally, Mizuho set a $28.00 target price on shares of Tractor Supply and gave the stock a “neutral” rating in a report on Friday, July 24th. Thirteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.31.

Insider Transactions at Tractor Supply

In other news, Director Andre J. Hawaux purchased 3,150 shares of Tractor Supply stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the transaction, the director owned 3,150 shares of the company’s stock, valued at approximately $100,264.50. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Harry A. Lawton III purchased 15,600 shares of Tractor Supply stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the transaction, the chief executive officer directly owned 15,600 shares in the company, valued at $501,540. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 20,310 shares of company stock valued at $652,411. Company insiders own 0.64% of the company’s stock.

Tractor Supply Stock Up 0.5%

Shares of NASDAQ TSCO opened at $34.90 on Tuesday. 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 Company has a 52 week low of $28.36 and a 52 week high of $62.87. The stock has a market capitalization of $18.30 billion, a P/E ratio of 18.18, a PEG ratio of 11.29 and a beta of 0.47. The stock’s fifty day moving average is $32.41 and its 200 day moving average is $37.77.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data 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 firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Sell-side analysts forecast that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

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

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.