149,882 Shares in Tractor Supply Company $TSCO Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in Tractor Supply Company (NASDAQ:TSCO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 149,882 shares of the specialty retailer’s stock, valued at approximately $4,738,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in Tractor Supply during the 2nd quarter worth $291,000. Corient Private Wealth LP bought a new stake in shares of Tractor Supply in the second quarter valued at about $11,442,000. Parallax Volatility Advisers L.P. acquired a new position in shares of Tractor Supply in the second quarter valued at about $313,000. Pingora Partners LLC acquired a new position in shares of Tractor Supply in the second quarter valued at about $32,000. Finally, Bank of America Corp DE bought a new position in Tractor Supply during the second quarter worth about $105,502,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on TSCO. TD Cowen reiterated a “hold” rating on shares of Tractor Supply in a research note on Wednesday, July 15th. Wells Fargo & Company decreased their target price on shares of Tractor Supply from $47.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Zacks Research cut shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. The Goldman Sachs Group reiterated 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, Loop Capital reduced their price target on Tractor Supply from $41.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, June 16th. Thirteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.31.

Tractor Supply Price Performance

TSCO stock opened at $34.86 on Thursday. The company’s 50-day moving average price is $32.61 and its two-hundred day moving average price is $37.49. The firm has a market cap of $18.28 billion, a P/E ratio of 18.16, a P/E/G ratio of 3.74 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. Tractor Supply Company has a 12 month low of $28.36 and a 12 month high of $61.55.

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). The firm had revenue of $4.54 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, analysts anticipate 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 will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is currently 50.00%.

Insider Activity

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 acquired at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the transaction, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. This represents a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Harry A. Lawton III acquired 15,600 shares of Tractor Supply stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the purchase, the chief executive officer directly owned 15,600 shares of the company’s stock, valued at $501,540. This represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 20,310 shares of company stock worth $652,411. Insiders own 0.64% of the company’s stock.

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.