Element Capital Management LLC Invests $2.29 Million in Tractor Supply Company $TSCO

Element Capital Management LLC acquired a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 72,400 shares of the specialty retailer’s stock, valued at approximately $2,289,000.

A number of other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Tractor Supply in the 2nd quarter worth approximately $1,500,967,000. Norges Bank purchased a new position in shares of Tractor Supply during the 4th quarter worth $303,862,000. Select Equity Group L.P. lifted its stake in shares of 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 worth $670,887,000 after purchasing an additional 3,753,414 shares during the period. Legal & General Group Plc acquired a new stake in shares of Tractor Supply during the second quarter worth $110,137,000. Finally, Deutsche Bank AG acquired a new stake in shares of Tractor Supply during the second quarter worth $103,881,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity

In other Tractor Supply news, Director Andre J. Hawaux purchased 3,150 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the acquisition, the director owned 3,150 shares of the company’s stock, valued at approximately $100,264.50. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Harry A. 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 completion of the transaction, the chief executive officer owned 15,600 shares of the company’s stock, valued at $501,540. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 20,310 shares of company stock valued at $652,411 in the last three months. Corporate insiders own 0.64% of the company’s stock.

Tractor Supply Trading Down 1.5%

TSCO stock opened at $35.38 on Wednesday. The company has a market cap of $18.56 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 11.68 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. The business has a fifty day simple moving average of $32.03 and a 200-day simple moving average of $38.33. Tractor Supply Company has a 52 week low of $28.36 and a 52 week high of $62.89.

Tractor Supply (NASDAQ:TSCO) last issued its 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 net margin of 6.42% and a return on equity of 41.74%. The firm had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the previous year, the business posted $0.81 EPS. Tractor Supply’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 EPS for the current year.

Tractor Supply Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is 50.00%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TSCO. Wall Street Zen lowered Tractor Supply from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Gordon Haskett raised their price target on Tractor Supply from $40.00 to $50.00 in a research note on Friday, June 12th. Robert W. Baird lowered their price target on Tractor Supply from $50.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Wells Fargo & Company dropped their price objective on shares of Tractor Supply from $47.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Finally, Zacks Research lowered shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Thirteen investment 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’s stock. According to data from MarketBeat, the stock presently has an average 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.