Quantbot Technologies LP Takes $643,000 Position in Tractor Supply Company $TSCO

Quantbot Technologies LP bought a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,352 shares of the specialty retailer’s stock, valued at approximately $643,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Goldman Sachs Group Inc. increased its position in Tractor Supply by 6.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock valued at $156,108,000 after buying an additional 184,146 shares in the last quarter. Swedbank AB boosted its holdings 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 acquiring an additional 36,495 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Tractor Supply by 44.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock worth $36,364,000 after acquiring an additional 222,750 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Tractor Supply by 4.4% during the fourth 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 acquiring an additional 46,010 shares in the last quarter. Finally, King Luther Capital Management Corp raised its position in shares of Tractor Supply by 1.6% in the 4th quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock worth $119,410,000 after purchasing an additional 36,778 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Edna Morris purchased 1,560 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the purchase, the director directly owned 279,720 shares in the company, valued at approximately $9,074,116.80. This represents a 0.56% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Andre J. Hawaux acquired 3,150 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average cost of $31.83 per share, with a total value of $100,264.50. Following the acquisition, the director directly owned 3,150 shares of the company’s stock, valued at $100,264.50. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 20,310 shares of company stock valued at $652,411 in the last ninety days. 0.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TSCO shares. Morgan Stanley reissued a “negative” rating and set a $35.00 price objective on shares of Tractor Supply in a research report on Friday, July 24th. Mizuho set a $28.00 target price on shares of Tractor Supply and gave the stock a “neutral” rating in a research note on Friday, July 24th. Barclays set a $35.00 price target on shares of Tractor Supply and gave the company an “equal weight” rating in a report on Monday, July 13th. Evercore restated an “outperform” rating and issued a $40.00 price objective on shares of Tractor Supply in a report on Tuesday, July 7th. Finally, Piper Sandler set a $31.00 price objective on Tractor Supply and gave the company a “neutral” rating in a research report on Friday, July 24th. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Tractor Supply currently has a consensus rating of “Hold” and an average price target of $39.31.

Tractor Supply Price Performance

TSCO opened at $34.70 on Friday. The company’s 50-day simple moving average is $32.22 and its two-hundred day simple moving average is $38.04. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. The stock has a market capitalization of $18.20 billion, a P/E ratio of 18.07, a P/E/G ratio of 11.39 and a beta of 0.47. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $62.87.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly 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). The company had revenue of $4.54 billion during 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 business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, analysts predict that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

The business 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 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 yield of 2.8%. Tractor Supply’s payout ratio is currently 50.00%.

Tractor Supply 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.