Van ECK Associates Corp Acquires 4,978,105 Shares of Tractor Supply Company $TSCO

Van ECK Associates Corp raised its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 2,983.6% during the second quarter, HoldingsChannel reports. The firm owned 5,144,955 shares of the specialty retailer’s stock after purchasing an additional 4,978,105 shares during the period. Van ECK Associates Corp’s holdings in Tractor Supply were worth $162,632,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Nissay Asset Management Corp Japan lifted its position in shares of Tractor Supply by 3.5% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 72,205 shares of the specialty retailer’s stock worth $2,282,000 after purchasing an additional 2,454 shares during the period. Hsbc Holdings PLC increased its holdings in Tractor Supply by 18.7% during the second quarter. Hsbc Holdings PLC now owns 1,742,693 shares of the specialty retailer’s stock valued at $55,046,000 after buying an additional 274,764 shares during the period. Field & Main Bank purchased a new position in Tractor Supply during the second quarter valued at approximately $195,000. Kingsview Wealth Management LLC bought a new position in Tractor Supply in the second quarter worth approximately $1,830,000. Finally, Beacon Pointe Advisors LLC bought a new position in Tractor Supply in the second quarter worth approximately $14,960,000. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

TSCO has been the topic of several recent research reports. Loop Capital dropped their target price on Tractor Supply from $41.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, June 16th. Robert W. Baird reduced their price target on Tractor Supply from $50.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. UBS Group set a $33.00 price objective on Tractor Supply and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. DA Davidson dropped their price objective on Tractor Supply from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Finally, Citigroup reiterated a “buy” rating on shares of Tractor Supply in a research note on Thursday, July 16th. Thirteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.31.

Insider Activity at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III acquired 15,600 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were 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 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andre J. Hawaux bought 3,150 shares of Tractor Supply stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average cost of $31.83 per share, with a total value of $100,264.50. Following the acquisition, the director owned 3,150 shares of the company’s stock, valued at $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 have bought a total of 20,310 shares of company stock worth $652,411 over the last quarter. Insiders own 0.64% of the company’s stock.

Tractor Supply Trading Up 0.1%

NASDAQ:TSCO opened at $34.72 on Friday. The company has a market capitalization of $18.21 billion, a P/E ratio of 18.08, a PEG ratio of 11.29 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 12 month low of $28.36 and a 12 month high of $62.87. The firm has a fifty day simple moving average of $32.31 and a 200-day simple moving average of $38.02.

Tractor Supply (NASDAQ:TSCO) last issued 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). Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The firm had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter last year, the business earned $0.81 EPS. The business’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, equities research analysts anticipate that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently announced 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 dividend yield of 2.8%. Tractor Supply’s payout ratio is 50.00%.

Tractor Supply Company 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.