Legal & General Group Plc Takes Position in Tractor Supply Company $TSCO

Legal & General Group 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 3,484,244 shares of the specialty retailer’s stock, valued at approximately $110,137,000.

Other hedge funds have also modified their holdings of the company. JPL Wealth Management LLC purchased a new stake in shares of Tractor Supply during the third quarter valued at $28,000. Garner Asset Management Corp acquired a new position in shares of Tractor Supply in the 4th quarter valued at $25,000. Reflection Asset Management purchased a new position in Tractor Supply in the 4th quarter worth about $26,000. Core Wealth Advisors LLC purchased a new position in Tractor Supply in the 4th quarter worth about $27,000. Finally, Bayban acquired a new stake in Tractor Supply during the 4th quarter worth about $28,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Stock Down 0.9%

NASDAQ:TSCO opened at $34.70 on Friday. The business’s fifty day moving average price is $32.22 and its 200 day moving average price is $38.04. The firm has a market capitalization of $18.20 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 11.39 and a beta of 0.47. 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 1-year low of $28.36 and a 1-year high of $62.87.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The business 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 business posted $0.81 earnings per share. The company’s 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. On average, sell-side analysts forecast that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

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

Insider Transactions at Tractor Supply

In related news, Director Edna Morris acquired 1,560 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the purchase, the director owned 279,720 shares in the company, valued at $9,074,116.80. This represents a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andre J. Hawaux acquired 3,150 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was bought at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the purchase, the director owned 3,150 shares in the company, valued at approximately $100,264.50. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 20,310 shares of company stock valued at $652,411 over the last three months. 0.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on TSCO shares. Telsey Advisory Group reduced their price objective on shares of Tractor Supply from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. The Goldman Sachs Group reissued a “buy” rating and issued a $38.00 target price (down from $43.00) on shares of Tractor Supply in a research report on Friday, July 24th. Weiss Ratings upgraded shares of Tractor Supply from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. 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, Argus set a $41.00 price objective on shares of Tractor Supply in a research note on Tuesday, July 28th. Thirteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $39.31.

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.