Jefferies Financial Group Inc. Buys New Stake in Tractor Supply Company $TSCO

Jefferies Financial Group Inc. acquired a new stake in Tractor Supply Company (NASDAQ:TSCO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 65,609 shares of the specialty retailer’s stock, valued at approximately $2,074,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in Tractor Supply in the 2nd quarter valued at about $1,500,967,000. Capital International Investors lifted its position in shares of Tractor Supply by 3.9% in the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after acquiring an additional 902,659 shares in the last quarter. State Street Corp lifted its position in shares of Tractor Supply by 0.7% in the fourth quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after acquiring an additional 162,774 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Tractor Supply by 18.4% in the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after acquiring an additional 2,706,819 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Tractor Supply by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock worth $791,703,000 after acquiring an additional 184,457 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Price Performance

Shares of TSCO stock opened at $34.72 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23. The firm’s 50-day moving average is $32.31 and its two-hundred day moving average is $38.02. Tractor Supply Company has a 12 month low of $28.36 and a 12 month high of $62.87. The company has a market capitalization of $18.21 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 11.29 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS 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 analysts’ expectations of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. Tractor Supply’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Analysts predict that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, August 24th. Tractor Supply’s dividend payout ratio is currently 50.00%.

Analyst Ratings Changes

A number of brokerages have weighed in on TSCO. Citigroup restated a “buy” rating on shares of Tractor Supply in a report on Thursday, July 16th. UBS Group set a $33.00 target price on shares of Tractor Supply and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Morgan Stanley reissued a “negative” rating and issued a $35.00 price target on shares of Tractor Supply in a research note on Friday, July 24th. DA Davidson lowered their price target on shares of 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, Telsey Advisory Group dropped their price objective on shares of Tractor Supply from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $39.31.

Insider Transactions at Tractor Supply

In other news, Director Edna Morris purchased 1,560 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were 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 of the company’s stock, valued at approximately $9,074,116.80. This trade represents 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 at this link. Also, Director Andre J. Hawaux purchased 3,150 shares of Tractor Supply stock in a transaction dated Monday, August 3rd. The shares were acquired at an average cost of $31.83 per share, for a total transaction of $100,264.50. Following the transaction, the director directly owned 3,150 shares of the company’s stock, valued at approximately $100,264.50. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 20,310 shares of company stock worth $652,411. 0.64% of the stock is currently owned by insiders.

Tractor Supply 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.