Rakuten Investment Management Inc. Makes New Investment in Tractor Supply Company $TSCO

Rakuten Investment Management Inc. acquired a new position in Tractor Supply Company (NASDAQ:TSCO) in the 2nd quarter, HoldingsChannel reports. The firm acquired 86,826 shares of the specialty retailer’s stock, valued at approximately $2,709,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Glenview Trust Co purchased a new stake in shares of Tractor Supply during the second quarter valued at approximately $564,000. Empowered Funds LLC bought a new stake in shares of Tractor Supply in the 2nd quarter worth approximately $2,455,000. United Capital Financial Advisors LLC bought a new stake in shares of Tractor Supply in the 2nd quarter worth approximately $1,929,000. Dearborn Partners LLC purchased a new position in Tractor Supply in the second quarter valued at approximately $2,864,000. Finally, Old North State Trust LLC purchased a new position in Tractor Supply in the second quarter valued at approximately $212,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling

In related news, Director Edna Morris purchased 1,560 shares of the firm’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 completion of the transaction, 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 acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Andre J. Hawaux purchased 3,150 shares of the stock in a transaction dated Monday, August 3rd. The stock was purchased at an average cost of $31.83 per share, for a total transaction 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. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 20,310 shares of company stock valued at $652,411. Corporate insiders own 0.64% of the company’s stock.

Tractor Supply Price Performance

TSCO opened at $34.72 on Monday. The company has a 50 day moving average of $32.31 and a 200 day moving average of $37.91. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. Tractor Supply Company has a 12 month low of $28.36 and a 12 month high of $62.87. The company has a market cap of $18.21 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 11.29 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results 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 return on equity of 41.74% and a net margin of 6.42%.The company had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The company’s revenue was up 2.3% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, sell-side analysts expect that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a yield of 2.8%. Tractor Supply’s dividend payout ratio is 50.00%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TSCO. Wolfe Research set a $34.00 target price on Tractor Supply in a research report on Thursday, July 16th. Argus set a $41.00 price target on Tractor Supply in a research report on Tuesday, July 28th. Weiss Ratings upgraded Tractor Supply from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Telsey Advisory Group decreased their price objective on Tractor Supply from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Finally, Barclays set a $35.00 price objective on Tractor Supply and gave the company an “equal weight” rating in a research note on Monday, July 13th. Thirteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.