Somerville Kurt F Invests $711,000 in Tractor Supply Company $TSCO

Somerville Kurt F bought a new position in shares of Tractor Supply Company (NASDAQ:TSCO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,498 shares of the specialty retailer’s stock, valued at approximately $711,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Tractor Supply during the second quarter valued at approximately $1,500,967,000. Capital International Investors increased its position in shares of Tractor Supply by 3.9% in the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock worth $1,214,390,000 after acquiring an additional 902,659 shares in the last quarter. State Street Corp increased its position 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 worth $1,152,819,000 after acquiring an additional 162,774 shares in the last quarter. Invesco Ltd. raised its stake in shares of Tractor Supply by 18.4% in the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after acquiring an additional 2,706,819 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Tractor Supply by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock valued at $791,703,000 after acquiring an additional 184,457 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 2.1%

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

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the previous year, the company earned $0.81 EPS. The company’s quarterly 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. Sell-side analysts predict that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply’s dividend payout ratio is currently 50.00%.

Insider Activity at Tractor Supply

In other news, Director Edna Morris acquired 1,560 shares of Tractor Supply stock in a transaction that occurred on 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 completion of the purchase, the director directly owned 279,720 shares of the company’s stock, valued at $9,074,116.80. This trade 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, CEO Harry A. Lawton III acquired 15,600 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was acquired at an average cost of $32.15 per share, with a total value of $501,540.00. Following the acquisition, the chief executive officer owned 15,600 shares of the company’s stock, valued at $501,540. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 20,310 shares of company stock valued at $652,411. Corporate insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TSCO shares. Truist Financial set a $32.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a research report on Tuesday, June 16th. Robert W. Baird cut their price objective on Tractor Supply from $50.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Stephens reduced their price objective on Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 22nd. TD Cowen reaffirmed a “hold” rating on shares of Tractor Supply in a research report on Wednesday, July 15th. Finally, Piper Sandler set a $31.00 target price on Tractor Supply and gave the company a “neutral” rating in a research note on Friday, July 24th. Thirteen 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, the company presently has a consensus rating of “Hold” and a consensus target price of $39.31.

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.