Hsbc Holdings PLC Makes New Investment in Tractor Supply Company $TSCO

Hsbc Holdings PLC acquired a new position in shares of Tractor Supply Company (NASDAQ:TSCO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,742,693 shares of the specialty retailer’s stock, valued at approximately $55,046,000.

A number of other large investors have also made changes to their positions in TSCO. Garner Asset Management Corp bought a new stake in shares of Tractor Supply in the fourth quarter valued at about $25,000. Elevation Wealth Partners LLC grew its position in Tractor Supply by 1,253.4% during the second quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock worth $25,000 after buying an additional 727 shares in the last quarter. Reflection Asset Management bought a new position in Tractor Supply during the fourth quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA bought a new position in Tractor Supply during the second quarter valued at about $26,000. Finally, Core Wealth Advisors LLC acquired a new position in Tractor Supply in the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, Director Andre J. Hawaux bought 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 transaction, the director owned 3,150 shares of the company’s stock, valued at approximately $100,264.50. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Harry A. Lawton III purchased 15,600 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the purchase, the chief executive officer owned 15,600 shares in the company, valued at $501,540. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 20,310 shares of company stock worth $652,411. Insiders own 0.64% of the company’s stock.

Tractor Supply Stock Down 1.0%

Shares of NASDAQ TSCO opened at $35.01 on Thursday. Tractor Supply Company has a 1 year low of $28.36 and a 1 year high of $62.89. The firm’s 50-day moving average is $32.13 and its 200-day moving average is $38.19. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $18.36 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 11.51 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share 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 the consensus estimate of $4.58 billion. During the same period last year, the firm earned $0.81 earnings per share. The company’s quarterly 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. Equities analysts expect that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders 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 currently 50.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TSCO. 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. Gordon Haskett raised their target price on Tractor Supply from $40.00 to $50.00 in a research report on Friday, June 12th. Truist Financial set a $32.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, June 16th. Weiss Ratings downgraded Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 23rd. Finally, Argus set a $41.00 target price on shares of Tractor Supply in a report on Tuesday, July 28th. Thirteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.31.

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.