The Manufacturers Life Insurance Company Grows Stock Holdings in Tractor Supply Company $TSCO

The Manufacturers Life Insurance Company lifted its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 394.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,376,086 shares of the specialty retailer’s stock after buying an additional 1,097,500 shares during the period. The Manufacturers Life Insurance Company’s holdings in Tractor Supply were worth $43,498,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TSCO. Bison Wealth LLC grew its stake in shares of Tractor Supply by 356.1% in the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after buying an additional 5,017 shares in the last quarter. Woodline Partners LP grew its position in Tractor Supply by 40.7% in the first quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock valued at $2,487,000 after acquiring an additional 13,051 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Tractor Supply by 26.9% during the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock valued at $1,442,000 after purchasing an additional 5,542 shares during the period. Sei Investments Co. boosted its stake in shares of Tractor Supply by 1.2% in the second quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock valued at $16,676,000 after purchasing an additional 3,631 shares during the period. Finally, Glenview Trust co grew its holdings in Tractor Supply by 36.0% during the 2nd quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock valued at $1,036,000 after purchasing an additional 5,194 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tractor Supply news, CEO Harry Lawton, III bought 15,600 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $32.15 per share, with a total value of $501,540.00. Following the completion of the acquisition, 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Andre Hawaux bought 3,150 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was bought at an average price of $31.83 per share, with a total value of $100,264.50. Following the completion of the purchase, the director owned 3,150 shares of the company’s stock, valued at $100,264.50. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 20,310 shares of company stock worth $652,411 over the last quarter. 0.64% of the stock is owned by company insiders.

Tractor Supply Price Performance

Shares of TSCO opened at $33.01 on Friday. Tractor Supply Company has a 52 week low of $28.36 and a 52 week high of $60.85. 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 firm has a market cap of $17.31 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 3.62 and a beta of 0.48. The stock has a 50 day moving average of $33.00 and a 200-day moving average of $36.67.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly 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 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 earnings per share. The business’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. As a group, analysts forecast that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Dividend Announcement

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

Analyst Ratings Changes

TSCO has been the topic of a number of recent analyst reports. UBS Group set a $33.00 price objective on shares of Tractor Supply and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Zacks Research downgraded Tractor Supply from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Loop Capital lowered their price objective on Tractor Supply from $41.00 to $35.00 and set a “hold” rating for the company in a research note on Tuesday, June 16th. TD Cowen reaffirmed a “hold” rating on shares of Tractor Supply in a research report on Wednesday, July 15th. Finally, Wolfe Research set a $34.00 price target on shares of Tractor Supply in a research report on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $39.31.

Tractor Supply 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.