Dearborn Partners LLC Takes $23.17 Million Position in Tractor Supply Company $TSCO

Dearborn Partners LLC acquired a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) during the 2nd quarter, Holdings Channel reports. The fund acquired 511,499 shares of the specialty retailer’s stock, valued at approximately $23,171,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Tractor Supply in the second quarter valued at $1,500,967,000. Capital International Investors lifted its position in Tractor Supply by 3.9% during the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock worth $1,214,390,000 after buying an additional 902,659 shares during the period. State Street Corp boosted its stake in Tractor Supply by 0.7% in the 4th quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock worth $1,152,819,000 after buying an additional 162,774 shares during the last quarter. Invesco Ltd. boosted its stake in Tractor Supply by 18.4% in the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after buying an additional 2,706,819 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Tractor Supply by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock valued at $791,703,000 after buying an additional 184,457 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insiders Place Their Bets

In other news, 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 price of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the purchase, the director directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Harry A. Lawton III bought 15,600 shares of Tractor Supply stock in a transaction dated Tuesday, August 4th. The shares were purchased 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 approximately $501,540. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 20,310 shares of company stock worth $652,411 in the last 90 days. 0.64% of the stock is owned by company insiders.

Tractor Supply Stock Up 2.7%

Shares of Tractor Supply stock opened at $35.92 on Tuesday. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $62.89. The stock has a market cap of $18.84 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 11.38 and a beta of 0.47. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. The company has a fifty day moving average price of $31.92 and a 200 day moving average price of $38.47.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. The company’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. Equities research analysts forecast that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors 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 payout ratio is 50.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSCO. TD Cowen reaffirmed a “hold” rating on shares of Tractor Supply in a research note on Wednesday, July 15th. Mizuho set a $28.00 target price on shares of Tractor Supply and gave the stock a “neutral” rating in a research report on Friday, July 24th. Telsey Advisory Group lowered their target price 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. Weiss Ratings lowered shares of Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. Finally, Zacks Research downgraded shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.