Corient Private Wealth LP Makes New Investment in Tractor Supply Company $TSCO

Corient Private Wealth LP purchased a new position in shares of Tractor Supply Company (NASDAQ:TSCO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 361,981 shares of the specialty retailer’s stock, valued at approximately $11,442,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Garner Asset Management Corp acquired a new stake in Tractor Supply during the fourth quarter worth about $25,000. Elevation Wealth Partners LLC raised its stake in Tractor Supply by 1,253.4% during the second quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 727 shares during the period. Reflection Asset Management acquired a new position in Tractor Supply in the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in Tractor Supply in the 2nd quarter valued at about $26,000. Finally, Core Wealth Advisors LLC purchased a new stake in shares of Tractor Supply in the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of TSCO opened at $34.72 on Friday. The firm has a 50-day simple moving average of $32.31 and a two-hundred day simple moving average of $38.02. The stock has a market cap of $18.21 billion, a PE ratio of 18.08, a P/E/G ratio of 11.29 and a beta of 0.47. Tractor Supply Company has a 1-year low of $28.36 and a 1-year high of $62.87. 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 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 analyst estimates of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, analysts forecast that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Dividend Announcement

The company also recently declared 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. This represents a $0.96 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, August 24th. Tractor Supply’s dividend payout ratio is 50.00%.

Analyst Ratings Changes

A number of analysts have recently issued reports on TSCO shares. Robert W. Baird cut their price target on shares of Tractor Supply from $50.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Wolfe Research set a $34.00 price objective on Tractor Supply in a research report on Thursday, July 16th. Guggenheim set a $40.00 price objective on Tractor Supply and gave the stock a “buy” rating in a research report on Friday, July 24th. TD Cowen reissued a “hold” rating on shares of Tractor Supply in a research note on Wednesday, July 15th. Finally, Raymond James Financial reduced their target price on Tractor Supply from $48.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Tractor Supply has an average rating of “Hold” and an average price target of $39.31.

Insider Transactions at Tractor Supply

In other news, Director Edna Morris acquired 1,560 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the acquisition, the director owned 279,720 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Also, CEO Harry A. Lawton III acquired 15,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the acquisition, the chief executive officer directly owned 15,600 shares in the company, valued at approximately $501,540. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 20,310 shares of company stock worth $652,411 over the last ninety days. 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.