Somerville Kurt F Buys Shares of 22,498 Tractor Supply Company $TSCO

Somerville Kurt F bought a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 22,498 shares of the specialty retailer’s stock, valued at approximately $711,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Uptick Partners LLC bought a new stake in shares of Tractor Supply in the 2nd quarter worth approximately $210,000. Csenge Advisory Group bought a new position in Tractor Supply during the 2nd quarter worth $2,571,000. Johnson Financial Group Inc. acquired a new stake in Tractor Supply in the second quarter worth $126,000. Kelman Lazarov Inc. bought a new stake in Tractor Supply in the second quarter valued at $260,000. Finally, NewEdge Wealth LLC bought a new stake in Tractor Supply in the second quarter valued at $236,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 23rd. Guggenheim set a $40.00 price objective on shares of Tractor Supply and gave the stock a “buy” rating in a report on Friday, July 24th. The Goldman Sachs Group reiterated a “buy” rating and issued a $38.00 price objective (down from $43.00) on shares of Tractor Supply in a research report on Friday, July 24th. Wells Fargo & Company reduced their target price on shares of Tractor Supply from $47.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Finally, Zacks Research cut shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Tractor Supply currently has a consensus rating of “Hold” and an average target price of $39.31.

Insiders Place Their Bets

In other Tractor Supply news, Director Edna Morris purchased 1,560 shares of the company’s stock in a transaction on 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 owned 279,720 shares in the company, valued at $9,074,116.80. The trade was a 0.56% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andre J. Hawaux purchased 3,150 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of $31.83 per share, with a total value of $100,264.50. Following the completion of the acquisition, the director directly owned 3,150 shares in the company, valued at $100,264.50. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 20,310 shares of company stock worth $652,411. 0.64% of the stock is owned by corporate insiders.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO opened at $35.44 on Thursday. The stock has a fifty day moving average price of $31.67 and a two-hundred day moving average price of $38.83. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. The firm has a market cap of $18.59 billion, a P/E ratio of 18.46, a PEG ratio of 11.29 and a beta of 0.47. Tractor Supply Company has a 1 year low of $28.36 and a 1 year high of $62.89.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly 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). The firm 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 firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Research analysts forecast that Tractor Supply Company will post 1.93 EPS for the current fiscal 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. This represents a $0.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply’s payout ratio is presently 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.