Legal & General Group Plc Purchases Shares of 3,484,244 Tractor Supply Company $TSCO

Legal & General Group Plc purchased 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 and Exchange Commission (SEC). The fund purchased 3,484,244 shares of the specialty retailer’s stock, valued at approximately $110,137,000. Legal & General Group Plc owned about 0.66% of Tractor Supply at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bison Wealth LLC increased its position in Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after acquiring an additional 5,017 shares during the period. Woodline Partners LP boosted its position in Tractor Supply by 40.7% during the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock worth $2,487,000 after acquiring an additional 13,051 shares during the period. Intech Investment Management LLC boosted its position in Tractor Supply by 26.9% during the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock worth $1,442,000 after acquiring an additional 5,542 shares during the period. Sei Investments Co. boosted its position in Tractor Supply by 1.2% during the 2nd quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock worth $16,676,000 after acquiring an additional 3,631 shares during the period. Finally, Glenview Trust co grew its stake in shares of Tractor Supply by 36.0% in the second quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock worth $1,036,000 after purchasing an additional 5,194 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Weiss Ratings raised Tractor Supply from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Telsey Advisory Group reduced their price objective on shares of Tractor Supply from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, July 24th. DA Davidson decreased their target price on shares of Tractor Supply from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Evercore reissued an “outperform” rating and set a $40.00 target price on shares of Tractor Supply in a research note on Tuesday, July 7th. Finally, Loop Capital dropped their price target on shares of Tractor Supply from $41.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, June 16th. Thirteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.31.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III purchased 15,600 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of $32.15 per share, with a total value of $501,540.00. Following the acquisition, the chief executive officer owned 15,600 shares of the company’s stock, valued at $501,540. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Edna Morris acquired 1,560 shares of Tractor Supply stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $32.44 per share, with a total value of $50,606.40. Following the transaction, the director owned 279,720 shares in the company, valued at approximately $9,074,116.80. This represents a 0.56% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 20,310 shares of company stock valued at $652,411. 0.64% of the stock is owned by insiders.

Tractor Supply Stock Down 0.9%

Shares of TSCO stock opened at $34.70 on Friday. Tractor Supply Company has a 1 year low of $28.36 and a 1 year high of $62.87. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. The business’s fifty day moving average is $32.22 and its 200-day moving average is $38.04. The stock has a market cap of $18.20 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 11.39 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing the consensus estimate 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 last year, the company earned $0.81 EPS. The company’s quarterly 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. Equities analysts expect that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm 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 $0.24 dividend. The ex-dividend date is Monday, August 24th. This represents a $0.96 annualized dividend and a yield of 2.8%. Tractor Supply’s payout ratio is 50.00%.

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.