TimesSquare Capital Management LLC Buys Shares of 908,984 Tractor Supply Company $TSCO

TimesSquare Capital Management LLC bought a new position in shares of Tractor Supply Company (NASDAQ:TSCO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 908,984 shares of the specialty retailer’s stock, valued at approximately $28,733,000.

Several other institutional investors also recently modified their holdings of TSCO. Garner Asset Management Corp bought a new position in shares of Tractor Supply in the 4th quarter valued at $25,000. Elevation Wealth Partners LLC boosted its holdings in shares of Tractor Supply by 1,253.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 727 shares in the last quarter. Reflection Asset Management bought a new stake in Tractor Supply during the 4th quarter worth $26,000. Core Wealth Advisors LLC bought a new stake in Tractor Supply during the 4th quarter worth $27,000. Finally, Community Financial Services Group LLC increased its holdings in Tractor Supply by 3,240.0% in the 2nd quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 810 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tractor Supply

In other news, Director Edna Morris bought 1,560 shares of the company’s stock in a transaction that occurred 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 completion of the acquisition, the director directly owned 279,720 shares in the company, valued at approximately $9,074,116.80. This represents a 0.56% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Harry A. Lawton III purchased 15,600 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer directly owned 15,600 shares of the company’s stock, valued at approximately $501,540. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 20,310 shares of company stock worth $652,411 over the last three months. 0.64% of the stock is owned by company insiders.

Tractor Supply Price Performance

Tractor Supply stock opened at $34.68 on Tuesday. The stock’s 50 day moving average is $31.48 and its 200 day moving average is $39.08. Tractor Supply Company has a one year low of $28.36 and a one year high of $62.89. The firm has a market cap of $18.19 billion, a P/E ratio of 18.06, a P/E/G ratio of 11.66 and a beta of 0.47. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23.

Tractor Supply (NASDAQ:TSCO) last released its 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 net margin of 6.42% and a return on equity of 41.74%. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period in the prior year, the company posted $0.81 EPS. The business’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. As a group, research analysts expect that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, August 24th. This represents a $0.96 annualized dividend and a dividend yield of 2.8%. Tractor Supply’s dividend payout ratio is 50.00%.

Analyst Upgrades and Downgrades

TSCO has been the topic of a number of recent research reports. Zacks Research lowered Tractor Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. UBS Group set a $33.00 price objective on Tractor Supply and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Morgan Stanley reiterated a “negative” rating and issued a $35.00 price objective on shares of Tractor Supply in a report on Friday, July 24th. Evercore reiterated an “outperform” rating and set a $40.00 target price on shares of Tractor Supply in a research report on Tuesday, July 7th. Finally, Truist Financial set a $32.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a report on Tuesday, June 16th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock 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.