Tractor Supply (NASDAQ:TSCO) Director Andre Hawaux Buys 3,150 Shares of Stock

Tractor Supply Company (NASDAQ:TSCO) Director Andre Hawaux bought 3,150 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the purchase, the director owned 3,150 shares in the company, valued at $100,264.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tractor Supply Stock Up 3.1%

NASDAQ:TSCO traded up $1.01 during mid-day trading on Tuesday, hitting $33.12. 10,232,699 shares of the company’s stock traded hands, compared to its average volume of 9,840,842. 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 company has a market capitalization of $17.37 billion, a P/E ratio of 17.25, a P/E/G ratio of 10.01 and a beta of 0.47. The company has a fifty day moving average of $30.59 and a 200 day moving average of $40.34. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $62.89.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share 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 business had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. Tractor Supply’s revenue was up 2.3% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, analysts forecast that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s payout ratio is presently 50.00%.

Institutional Investors Weigh In On Tractor Supply

Several hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in shares of Tractor Supply by 6.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock worth $156,108,000 after buying an additional 184,146 shares during the last quarter. Swedbank AB lifted its holdings in Tractor Supply by 3.3% in the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock valued at $56,470,000 after acquiring an additional 36,495 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Tractor Supply by 44.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock worth $36,364,000 after purchasing an additional 222,750 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Tractor Supply by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock worth $56,086,000 after purchasing an additional 46,010 shares during the period. Finally, King Luther Capital Management Corp increased its holdings in shares of Tractor Supply by 1.6% during the 4th quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock valued at $119,410,000 after purchasing an additional 36,778 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TSCO. Robert W. Baird cut their target price on Tractor Supply from $50.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Gordon Haskett lifted their price target on Tractor Supply from $40.00 to $50.00 in a research report on Friday, June 12th. Truist Financial set a $32.00 price target on Tractor Supply and gave the company a “hold” rating in a research note on Tuesday, June 16th. Wells Fargo & Company cut their price objective on Tractor Supply from $47.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Finally, Morgan Stanley restated a “negative” rating and issued a $35.00 price objective on shares of Tractor Supply in a research note on Friday, July 24th. Thirteen 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 MarketBeat.com, the stock currently has a consensus 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.