Sequoia Financial Advisors LLC Lowers Stock Position in Tractor Supply Company $TSCO

Sequoia Financial Advisors LLC reduced its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 59.2% during the second quarter, Holdings Channel reports. The firm owned 60,981 shares of the specialty retailer’s stock after selling 88,637 shares during the period. Sequoia Financial Advisors LLC’s holdings in Tractor Supply were worth $1,928,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC lifted its holdings in Tractor Supply by 71.9% during the second quarter. Tidal Investments LLC now owns 172,799 shares of the specialty retailer’s stock worth $5,462,000 after acquiring an additional 72,284 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Tractor Supply during the 2nd quarter valued at $245,000. Engineers Gate Manager LP increased its position in shares of Tractor Supply by 234.7% during the 2nd quarter. Engineers Gate Manager LP now owns 58,857 shares of the specialty retailer’s stock valued at $1,860,000 after purchasing an additional 41,270 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Tractor Supply by 100.7% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 18,803 shares of the specialty retailer’s stock worth $594,000 after purchasing an additional 9,436 shares during the period. Finally, IFP Advisors Inc grew its position in Tractor Supply by 423.8% during the second quarter. IFP Advisors Inc now owns 36,280 shares of the specialty retailer’s stock valued at $1,147,000 after buying an additional 29,354 shares during the period. 98.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CEO Harry Lawton, III bought 15,600 shares of the stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the acquisition, the chief executive officer owned 15,600 shares of the company’s stock, valued at approximately $501,540. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Edna Morris bought 1,560 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the purchase, the director owned 279,720 shares of the company’s stock, valued at approximately $9,074,116.80. The trade was a 0.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 20,310 shares of company stock valued at $652,411. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on TSCO. Gordon Haskett lifted their price objective on shares of Tractor Supply from $40.00 to $50.00 in a research report on Friday, June 12th. Barclays set a $35.00 target price on Tractor Supply and gave the company an “equal weight” rating in a research note on Monday, July 13th. Argus set a $41.00 price target on Tractor Supply in a research report on Tuesday, July 28th. UBS Group set a $33.00 price objective on Tractor Supply and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings lowered shares of Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Tractor Supply has an average rating of “Hold” and an average price target of $39.31.

Tractor Supply Stock Performance

Tractor Supply stock opened at $33.83 on Tuesday. Tractor Supply Company has a fifty-two week low of $28.36 and a fifty-two week high of $60.85. 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’s fifty day moving average price is $33.08 and its 200-day moving average price is $36.42. The stock has a market cap of $17.74 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 3.56 and a beta of 0.48.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the previous year, the firm 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, equities research 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 was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.8%. Tractor Supply’s dividend payout ratio is currently 50.00%.

Tractor Supply Profile

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of recreational farmers, ranchers, homeowners, pet owners and other customers who live a rural lifestyle. The company operates Tractor Supply stores across the United States, offering products designed for agriculture, home improvement, outdoor living and animal care.

Its merchandise includes livestock and pet supplies, agricultural and lawn-and-garden equipment, tools, hardware, fencing, workwear, footwear, outdoor power equipment, seasonal goods and home products.