Bank of Nova Scotia Buys Shares of 67,510 Tractor Supply Company $TSCO

Bank of Nova Scotia purchased a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 67,510 shares of the specialty retailer’s stock, valued at approximately $2,134,000.

Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Tractor Supply during the second quarter worth about $1,500,967,000. Capital International Investors raised its position in shares of Tractor Supply by 3.9% in the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after purchasing an additional 902,659 shares during the period. State Street Corp raised its position in shares of Tractor Supply by 0.7% in the fourth quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after purchasing an additional 162,774 shares during the period. Invesco Ltd. lifted its stake in shares of Tractor Supply by 18.4% during the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after buying an additional 2,706,819 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Tractor Supply by 1.2% during 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 in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $35.01 on Thursday. The company has a 50 day moving average of $32.13 and a 200 day moving average of $38.19. 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 stock has a market cap of $18.36 billion, a P/E ratio of 18.23, a P/E/G ratio of 11.51 and a beta of 0.47. Tractor Supply Company has a 12 month low of $28.36 and a 12 month high of $62.89.

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

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors 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 dividend yield of 2.7%. The ex-dividend date is Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is 50.00%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Truist Financial set a $32.00 price objective on shares of Tractor Supply and gave the company a “hold” rating in a research note on Tuesday, June 16th. Telsey Advisory Group dropped their target price on Tractor Supply from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. Guggenheim set a $40.00 price target on Tractor Supply and gave the stock a “buy” rating in a report on Friday, July 24th. Evercore reiterated an “outperform” rating and issued a $40.00 price target on shares of Tractor Supply in a research report on Tuesday, July 7th. Finally, TD Cowen reiterated a “hold” rating on shares of Tractor Supply in a research note on Wednesday, July 15th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.31.

Insider Buying and Selling

In other Tractor Supply news, Director Edna Morris acquired 1,560 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average price of $32.44 per share, with a total value of $50,606.40. Following the completion of the purchase, the director owned 279,720 shares of the company’s stock, 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 legal filing with the SEC, which is available through this link. Also, CEO Harry A. Lawton III bought 15,600 shares of Tractor Supply stock in a transaction that occurred on 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 transaction, the chief executive officer owned 15,600 shares of the company’s stock, valued at $501,540. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 20,310 shares of company stock worth $652,411. Corporate 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.