Connor Clark & Lunn Investment Management Ltd. Buys New Position in Tractor Supply Company $TSCO

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,165,709 shares of the specialty retailer’s stock, valued at approximately $68,458,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.41% of Tractor Supply at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Tractor Supply during the 2nd quarter valued at $331,000. First Nebraska Trust Co purchased a new stake in Tractor Supply during the second quarter valued at about $1,083,000. Bank of Nova Scotia bought a new stake in Tractor Supply during the second quarter worth about $2,134,000. Kirtland Hills Capital Management LLC purchased a new position in shares of Tractor Supply in the 2nd quarter worth about $260,000. Finally, Commerce Bank bought a new position in shares of Tractor Supply during the 2nd quarter valued at about $4,169,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Activity

In related news, Director Edna Morris purchased 1,560 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were acquired at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the purchase, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Harry A. Lawton III purchased 15,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average cost of $32.15 per share, with a total value of $501,540.00. Following the completion of the purchase, the chief executive officer owned 15,600 shares of the company’s stock, valued at $501,540. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 20,310 shares of company stock valued at $652,411 in the last quarter. 0.64% of the stock is currently owned by insiders.

Tractor Supply Price Performance

Shares of TSCO stock opened at $34.98 on Monday. 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 firm has a market cap of $18.35 billion, a P/E ratio of 18.22, a P/E/G ratio of 11.38 and a beta of 0.47. The business’s 50 day moving average price is $31.82 and its 200-day moving average price is $38.59.

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 the consensus estimate of $0.82 by ($0.01). The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, equities research analysts anticipate that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have commented on TSCO. TD Cowen reiterated a “hold” rating on shares of Tractor Supply in a research report on Wednesday, July 15th. DA Davidson lowered their price objective on shares of Tractor Supply from $50.00 to $40.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Piper Sandler set a $31.00 price objective on shares of Tractor Supply and gave the company a “neutral” rating in a research note on Friday, July 24th. Evercore reaffirmed an “outperform” rating and set a $40.00 target price on shares of Tractor Supply in a report on Tuesday, July 7th. Finally, Argus set a $41.00 target price on shares of Tractor Supply in a research report on Tuesday, July 28th. Thirteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Tractor Supply has a consensus rating of “Hold” and an average price target of $39.31.

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.