Bank of Nova Scotia Takes Position in Tractor Supply Company $TSCO

Bank of Nova Scotia acquired a new position in shares of Tractor Supply Company (NASDAQ:TSCO) in the second quarter, Holdings Channel.com reports. The fund acquired 67,510 shares of the specialty retailer’s stock, valued at approximately $2,134,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPL Wealth Management LLC bought a new position in shares of Tractor Supply during the 3rd quarter valued at about $28,000. Garner Asset Management Corp bought a new stake in Tractor Supply in the 4th quarter worth approximately $25,000. Reflection Asset Management purchased a new stake in Tractor Supply in the fourth quarter worth approximately $26,000. Core Wealth Advisors LLC purchased a new stake in Tractor Supply in the fourth quarter worth approximately $27,000. Finally, Bayban bought a new position in Tractor Supply during the fourth quarter valued at approximately $28,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tractor Supply

In other news, Director Andre J. Hawaux acquired 3,150 shares of the firm’s stock in a transaction 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 transaction, the director owned 3,150 shares of the company’s stock, valued at $100,264.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edna Morris acquired 1,560 shares of the stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $32.44 per share, with a total value 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. The disclosure for this purchase is available in the SEC filing. Insiders bought 20,310 shares of company stock valued at $652,411 in the last quarter. Company insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

TSCO has been the topic of several research reports. Morgan Stanley reissued a “negative” rating and set a $35.00 price target on shares of Tractor Supply in a research note on Friday, July 24th. Barclays set a $35.00 price objective on shares of Tractor Supply and gave the company an “equal weight” rating in a research note on Monday, July 13th. DA Davidson decreased their target price 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. Gordon Haskett boosted their price target on shares of Tractor Supply from $40.00 to $50.00 in a research note on Friday, June 12th. Finally, Truist Financial set a $32.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a research report on Tuesday, June 16th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.31.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $35.01 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. 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 moving average price of $32.13 and a two-hundred day moving average price of $38.19. The company has a market capitalization of $18.36 billion, a P/E ratio of 18.23, a PEG ratio of 11.51 and a beta of 0.47.

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). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The company had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same period last year, the company posted $0.81 EPS. The business’s revenue for the quarter 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. Analysts expect that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Dividend Announcement

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

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.