Concurrent Investment Advisors LLC Grows Stock Holdings in Tractor Supply Company $TSCO

Concurrent Investment Advisors LLC increased its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 60.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 126,313 shares of the specialty retailer’s stock after acquiring an additional 47,353 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Tractor Supply were worth $3,993,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSCO. Goldman Sachs Group Inc. lifted its stake 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 worth $156,108,000 after acquiring an additional 184,146 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings 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 valued at $36,364,000 after purchasing an additional 222,750 shares in the last quarter. King Luther Capital Management Corp increased its stake in Tractor Supply by 1.6% during 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 buying an additional 36,778 shares during the period. IFP Advisors Inc lifted its holdings in Tractor Supply by 423.8% during the 2nd quarter. IFP Advisors Inc now owns 36,280 shares of the specialty retailer’s stock worth $1,147,000 after buying an additional 29,354 shares in the last quarter. Finally, Swedbank AB boosted its position in Tractor Supply by 3.3% in the 4th quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock valued at $56,470,000 after buying an additional 36,495 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TSCO. Citigroup reaffirmed a “buy” rating on shares of Tractor Supply in a research report on Thursday, July 16th. Wells Fargo & Company decreased their target price on Tractor Supply from $47.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Robert W. Baird cut their price target on Tractor Supply from $50.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Telsey Advisory Group reduced their price target on Tractor Supply from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. Finally, Gordon Haskett boosted their price objective on Tractor Supply from $40.00 to $50.00 in a research report on Friday, June 12th. Thirteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.31.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $34.99 on Tuesday. Tractor Supply Company has a 12 month low of $28.36 and a 12 month high of $60.87. 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 company has a market capitalization of $18.35 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 3.77 and a beta of 0.48. The firm’s fifty day moving average price is $32.84 and its 200 day moving average price is $37.08.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results 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). The firm had revenue of $4.54 billion during 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 firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share. 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 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis 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 presently 50.00%.

Insider Transactions at Tractor Supply

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

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.