Mitsubishi UFJ Asset Management Co. Ltd. Takes $40.53 Million Position in Tractor Supply Company $TSCO

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Tractor Supply Company (NASDAQ:TSCO) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 1,282,051 shares of the specialty retailer’s stock, valued at approximately $40,526,000.

Other hedge funds have also bought and sold shares of the company. Garner Asset Management Corp acquired a new stake in Tractor Supply in the 4th quarter worth about $25,000. Elevation Wealth Partners LLC grew its position in shares of Tractor Supply by 1,253.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 727 shares in the last quarter. Reflection Asset Management bought a new position in shares of Tractor Supply during the fourth quarter worth approximately $26,000. Core Wealth Advisors LLC bought a new position in shares of Tractor Supply during the fourth quarter worth approximately $27,000. Finally, Community Financial Services Group LLC raised its position in shares of Tractor Supply by 3,240.0% in the second quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 810 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TSCO shares. Wolfe Research set a $34.00 price target on Tractor Supply in a research note on Thursday, July 16th. Piper Sandler set a $31.00 price objective on Tractor Supply and gave the stock a “neutral” rating in a research note on Friday, July 24th. Evercore reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Tractor Supply in a report on Tuesday, July 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $38.00 target price (down from $43.00) on shares of Tractor Supply in a research report on Friday, July 24th. Finally, Wall Street Zen lowered Tractor Supply from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Hold” and a consensus price target of $39.31.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $35.44 on Thursday. The company has a 50 day moving average of $31.67 and a 200-day moving average of $38.83. Tractor Supply Company has a 1-year low of $28.36 and a 1-year high of $62.89. 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 market cap of $18.59 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 11.29 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (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 firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same period last year, the business 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. As a group, equities research analysts forecast that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders 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 annualized dividend and a dividend yield of 2.7%. Tractor Supply’s dividend payout ratio (DPR) is presently 50.00%.

Insider Activity

In other Tractor Supply news, Director Edna Morris acquired 1,560 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the transaction, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. This represents a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Harry A. Lawton III acquired 15,600 shares of Tractor Supply stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the purchase, the chief executive officer directly owned 15,600 shares of the company’s stock, valued at $501,540. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 20,310 shares of company stock worth $652,411. 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.