Hsbc Holdings PLC Takes Position in Tractor Supply Company $TSCO

Hsbc Holdings PLC acquired a new position in shares of Tractor Supply Company (NASDAQ:TSCO) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,742,693 shares of the specialty retailer’s stock, valued at approximately $55,046,000. Hsbc Holdings PLC owned approximately 0.33% of Tractor Supply as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bison Wealth LLC raised its position in shares of Tractor Supply by 356.1% during the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 5,017 shares during the period. Woodline Partners LP boosted its position in shares of Tractor Supply by 40.7% in the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock valued at $2,487,000 after purchasing an additional 13,051 shares during the period. Intech Investment Management LLC boosted its position in shares of Tractor Supply by 26.9% in the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock valued at $1,442,000 after purchasing an additional 5,542 shares during the period. Sei Investments Co. increased its stake in Tractor Supply by 1.2% in the 2nd quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock worth $16,676,000 after purchasing an additional 3,631 shares in the last quarter. Finally, Glenview Trust co increased its stake in Tractor Supply by 36.0% in the 2nd quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock worth $1,036,000 after purchasing an additional 5,194 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tractor Supply

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

Wall Street Analyst Weigh In

A number of research firms have commented on TSCO. Barclays set a $35.00 price objective on shares of Tractor Supply and gave the company an “equal weight” rating in a research note on Monday, July 13th. Truist Financial set a $32.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a research report on Tuesday, June 16th. Wolfe Research set a $34.00 price target on shares of Tractor Supply in a report on Thursday, July 16th. Wells Fargo & Company reduced their price target on shares of Tractor Supply from $47.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Finally, Weiss Ratings cut shares of Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. Thirteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $39.31.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $35.01 on Thursday. The business has a 50-day moving average of $32.13 and a two-hundred day moving average of $38.19. Tractor Supply Company has a fifty-two week low of $28.36 and a fifty-two week high of $62.89. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23. The stock has a market capitalization of $18.36 billion, a P/E ratio of 18.23, a P/E/G ratio of 11.51 and a beta of 0.47.

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 the consensus estimate of $0.82 by ($0.01). The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, equities research analysts predict that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently disclosed 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 payout ratio is currently 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.