Glenview Trust Co Takes $564,000 Position in Tractor Supply Company $TSCO

Glenview Trust Co acquired a new position in shares of Tractor Supply Company (NASDAQ:TSCO) during the second quarter, Holdings Channel.com reports. The fund acquired 17,836 shares of the specialty retailer’s stock, valued at approximately $564,000.

Several other large investors have also added to or reduced their stakes in TSCO. Empowered Funds LLC purchased a new position in Tractor Supply during the 2nd quarter valued at about $2,455,000. United Capital Financial Advisors LLC purchased a new stake in shares of Tractor Supply in the second quarter worth about $1,929,000. Dearborn Partners LLC purchased a new stake in shares of Tractor Supply in the second quarter worth about $2,864,000. Old North State Trust LLC bought a new position in shares of Tractor Supply in the second quarter valued at approximately $212,000. Finally, Equitable Holdings Inc. bought a new position in shares of Tractor Supply in the second quarter valued at approximately $502,000. Institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In related news, Director Andre J. Hawaux acquired 3,150 shares of the stock in a transaction on Monday, August 3rd. The stock was 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. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edna Morris acquired 1,560 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of $32.44 per share, with a total value of $50,606.40. Following the purchase, the director 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 position. The SEC filing for this purchase provides additional information. Insiders have purchased 20,310 shares of company stock valued at $652,411 in the last ninety days. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TSCO. Gordon Haskett boosted their price objective on shares of Tractor Supply from $40.00 to $50.00 in a research note on Friday, June 12th. Barclays set a $35.00 price target on shares of Tractor Supply and gave the company an “equal weight” rating in a research report on Monday, July 13th. Wolfe Research set a $34.00 price target on shares of Tractor Supply in a report on Thursday, July 16th. Morgan Stanley reiterated a “negative” rating and issued a $35.00 price objective on shares of Tractor Supply in a research report on Friday, July 24th. Finally, DA Davidson dropped their price objective on Tractor Supply from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Thirteen 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $39.31.

Tractor Supply Price Performance

TSCO stock opened at $34.72 on Friday. 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 52 week low of $28.36 and a 52 week high of $62.87. The firm’s fifty day moving average is $32.31 and its 200 day moving average is $38.02. The firm has a market cap of $18.21 billion, a P/E ratio of 18.08, a P/E/G ratio of 11.29 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results 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 return on equity of 41.74% and a net margin of 6.42%.The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Research analysts predict that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th. 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.