219,164 Shares in Tractor Supply Company $TSCO Purchased by Korea Investment CORP

Korea Investment CORP bought a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 219,164 shares of the specialty retailer’s stock, valued at approximately $6,928,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSCO. BlackRock Inc. purchased a new stake in shares of Tractor Supply during the second quarter valued at $1,500,967,000. Norges Bank purchased a new position in Tractor Supply in the 4th quarter worth about $303,862,000. Select Equity Group L.P. lifted its holdings in Tractor Supply by 41.9% during the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after buying an additional 3,753,414 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Tractor Supply in the 2nd quarter worth approximately $103,881,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Tractor Supply in the 2nd quarter worth approximately $91,772,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tractor Supply

In related news, Director Andre J. Hawaux acquired 3,150 shares of the firm’s stock in a transaction 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 completion of the acquisition, the director directly owned 3,150 shares in the company, valued at approximately $100,264.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Edna Morris purchased 1,560 shares of the firm’s stock in a transaction that occurred on 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 directly owned 279,720 shares in the company, valued at $9,074,116.80. This represents a 0.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 20,310 shares of company stock valued at $652,411 in the last three months. 0.64% of the stock is currently owned by company insiders.

Tractor Supply Trading Up 2.7%

Shares of NASDAQ:TSCO opened at $35.92 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $62.89. The stock has a market cap of $18.84 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 11.38 and a beta of 0.47. The business has a 50-day moving average price of $31.92 and a 200-day moving average price of $38.47.

Tractor Supply (NASDAQ:TSCO) last released 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). The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Equities analysts predict that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply’s dividend payout ratio is presently 50.00%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TSCO. Argus set a $41.00 target price on Tractor Supply in a research report on Tuesday, July 28th. Truist Financial set a $32.00 price target on Tractor Supply and gave the stock a “hold” rating in a research report on Tuesday, June 16th. Guggenheim set a $40.00 price objective on Tractor Supply and gave the company a “buy” rating in a research report on Friday, July 24th. Robert W. Baird cut their target price on Tractor Supply from $50.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Finally, Wall Street Zen downgraded shares of Tractor Supply from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Thirteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.31.

About Tractor Supply

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.