Engineers Gate Manager LP Buys 41,270 Shares of Tractor Supply Company $TSCO

Engineers Gate Manager LP grew its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 234.7% in the second quarter, Holdings Channel reports. The institutional investor owned 58,857 shares of the specialty retailer’s stock after purchasing an additional 41,270 shares during the period. Engineers Gate Manager LP’s holdings in Tractor Supply were worth $1,860,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its position in shares of Tractor Supply by 100.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 18,803 shares of the specialty retailer’s stock worth $594,000 after acquiring an additional 9,436 shares during the period. IFP Advisors Inc increased its position in shares of Tractor Supply by 423.8% during the second quarter. IFP Advisors Inc now owns 36,280 shares of the specialty retailer’s stock valued at $1,147,000 after purchasing an additional 29,354 shares during the period. Allworth Financial LP raised its stake in shares of Tractor Supply by 4.7% in the second quarter. Allworth Financial LP now owns 10,857 shares of the specialty retailer’s stock valued at $343,000 after purchasing an additional 483 shares in the last quarter. Arizona State Retirement System lifted its position in Tractor Supply by 5.0% in the second quarter. Arizona State Retirement System now owns 150,812 shares of the specialty retailer’s stock worth $4,767,000 after purchasing an additional 7,233 shares during the period. Finally, Waverly Advisors LLC lifted its position in Tractor Supply by 8.1% in the second quarter. Waverly Advisors LLC now owns 33,558 shares of the specialty retailer’s stock worth $1,061,000 after purchasing an additional 2,514 shares during the period. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling

In other Tractor Supply news, CEO Harry Lawton, III acquired 15,600 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 15,600 shares in the company, valued at $501,540. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andre Hawaux acquired 3,150 shares of Tractor Supply stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of $31.83 per share, for a total transaction of $100,264.50. Following the purchase, the director owned 3,150 shares of the company’s stock, valued at approximately $100,264.50. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 20,310 shares of company stock worth $652,411 in the last three months. Insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

TSCO has been the topic of several analyst reports. Argus set a $41.00 price target on shares of Tractor Supply in a report on Tuesday, July 28th. UBS Group set a $33.00 target price on shares of Tractor Supply and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Raymond James Financial lowered their target price on shares of Tractor Supply from $48.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $38.00 price target (down from $43.00) on shares of Tractor Supply in a research report on Friday, July 24th. Finally, Guggenheim set a $40.00 price target on shares of Tractor Supply and gave the stock a “buy” rating in a research note on Friday, July 24th. 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. Based on data from MarketBeat, Tractor Supply has an average rating of “Hold” and a consensus price target of $39.31.

Tractor Supply Trading Down 2.4%

Shares of Tractor Supply stock opened at $33.03 on Wednesday. The stock has a market capitalization of $17.32 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 3.65 and a beta of 0.48. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83. The company has a 50-day simple moving average of $33.13 and a 200 day simple moving average of $36.28. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $60.37.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The firm had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. Tractor Supply’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Research analysts expect that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, August 24th. Tractor Supply’s payout ratio is presently 50.00%.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of recreational farmers, ranchers, homeowners, pet owners and other customers who live a rural lifestyle. The company operates Tractor Supply stores across the United States, offering products designed for agriculture, home improvement, outdoor living and animal care.

Its merchandise includes livestock and pet supplies, agricultural and lawn-and-garden equipment, tools, hardware, fencing, workwear, footwear, outdoor power equipment, seasonal goods and home products.