Man Group plc Takes $36.18 Million Position in Tractor Supply Company $TSCO

Man Group plc bought a new position in Tractor Supply Company (NASDAQ:TSCO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,144,452 shares of the specialty retailer’s stock, valued at approximately $36,176,000. Man Group plc owned approximately 0.22% of Tractor Supply at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Western Wealth Management LLC bought a new position in shares of Tractor Supply during the second quarter valued at $710,000. Jupiter Topco LLC bought a new stake in shares of Tractor Supply in the 2nd quarter worth about $2,016,000. Hsbc Holdings PLC acquired a new stake in shares of Tractor Supply during the 2nd quarter worth about $55,046,000. Ancora Advisors LLC acquired a new stake in shares of Tractor Supply during the 2nd quarter worth about $32,000. Finally, Canada Pension Plan Investment Board bought a new position in Tractor Supply during the 2nd quarter valued at about $10,482,000. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of Tractor Supply in a research note on Thursday, July 16th. The Goldman Sachs Group reiterated a “buy” rating and issued a $38.00 target price (down from $43.00) on shares of Tractor Supply in a research note on Friday, July 24th. Piper Sandler set a $31.00 price target on Tractor Supply and gave the stock a “neutral” rating in a research report on Friday, July 24th. Zacks Research cut Tractor Supply from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Weiss Ratings downgraded Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.31.

Tractor Supply Trading Down 1.0%

Shares of NASDAQ TSCO opened at $35.01 on Thursday. Tractor Supply Company has a 1-year low of $28.36 and a 1-year high of $62.89. The company has a 50-day moving average of $32.13 and a two-hundred day moving average of $38.19. The company has a market cap of $18.36 billion, a PE ratio of 18.23, a P/E/G ratio of 11.51 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.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. Tractor Supply’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, equities analysts expect that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently disclosed 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. This represents a $0.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 50.00%.

Insider Activity

In other news, CEO Harry A. Lawton III purchased 15,600 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $32.15 per share, with a total value of $501,540.00. Following the completion of the purchase, the chief executive officer directly owned 15,600 shares of the company’s stock, valued at $501,540. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andre J. Hawaux purchased 3,150 shares of the firm’s stock in a transaction that occurred 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 acquisition, 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. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 20,310 shares of company stock valued at $652,411. Company insiders own 0.64% of the company’s stock.

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.