Harry Lawton III Buys 15,600 Shares of Tractor Supply (NASDAQ:TSCO) Stock

Tractor Supply Company (NASDAQ:TSCO) CEO Harry Lawton III purchased 15,600 shares of Tractor Supply stock in a transaction on Tuesday, August 4th. The shares were acquired 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 approximately $501,540. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Tractor Supply Trading Up 0.9%

Shares of TSCO stock traded up $0.29 during mid-day trading on Wednesday, hitting $33.41. 10,950,139 shares of the company’s stock were exchanged, compared to its average volume of 9,848,372. The stock has a market cap of $17.52 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 10.44 and a beta of 0.47. 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 fifty-two week low of $28.36 and a fifty-two week high of $62.89. The stock has a 50-day simple moving average of $30.66 and a two-hundred day simple moving average of $40.22.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate 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 net margin of 6.42% and a return on equity of 41.74%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. 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 fiscal year.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.9%. Tractor Supply’s dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

TSCO has been the topic of several research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $51.00 target price on shares of Tractor Supply in a research report on Tuesday, April 21st. BNP Paribas Exane decreased their price target on shares of Tractor Supply from $58.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Truist Financial set a $32.00 price objective on shares of Tractor Supply and gave the company a “hold” rating in a research note on Tuesday, June 16th. Citigroup restated a “buy” rating on shares of Tractor Supply in a report on Thursday, July 16th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Tractor Supply from $55.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $39.31.

Hedge Funds Weigh In On Tractor Supply

Several hedge funds and other institutional investors have recently bought and sold shares of TSCO. Oppenheimer Asset Management Inc. acquired a new stake in Tractor Supply in the second quarter valued at approximately $294,000. Bartlett & CO. Wealth Management LLC lifted its position in shares of Tractor Supply by 5.8% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 7,557 shares of the specialty retailer’s stock worth $239,000 after purchasing an additional 414 shares in the last quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd lifted its position in shares of Tractor Supply by 128.3% during the second quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 128,430 shares of the specialty retailer’s stock worth $4,060,000 after purchasing an additional 72,186 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Tractor Supply by 39.9% in the second quarter. EverSource Wealth Advisors LLC now owns 6,861 shares of the specialty retailer’s stock valued at $217,000 after purchasing an additional 1,957 shares during the period. Finally, Griffin Asset Management Inc. grew its holdings in Tractor Supply by 64.7% during the 2nd quarter. Griffin Asset Management Inc. now owns 61,075 shares of the specialty retailer’s stock valued at $1,931,000 after purchasing an additional 24,001 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

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.