MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd Increases Holdings in Tractor Supply Company $TSCO

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd raised its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 128.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 128,430 shares of the specialty retailer’s stock after buying an additional 72,186 shares during the quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd’s holdings in Tractor Supply were worth $4,060,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. JPL Wealth Management LLC acquired a new stake in shares of Tractor Supply during the 3rd quarter worth about $28,000. Garner Asset Management Corp acquired a new position in Tractor Supply in the fourth quarter valued at approximately $25,000. Reflection Asset Management acquired a new position in Tractor Supply in the fourth quarter valued at approximately $26,000. Core Wealth Advisors LLC purchased a new position in Tractor Supply in the fourth quarter valued at approximately $27,000. Finally, Bayban purchased a new position in Tractor Supply in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Robert W. Baird lowered their target price 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. Telsey Advisory Group reduced their price target on shares of Tractor Supply from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. Mizuho set a $28.00 price objective on shares of Tractor Supply and gave the company a “neutral” rating in a research note on Friday, July 24th. Stephens dropped their price objective on Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 22nd. Finally, BNP Paribas Exane dropped their price objective on Tractor Supply from $58.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Thirteen investment 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’s stock. According to MarketBeat.com, Tractor Supply has a consensus rating of “Hold” and an average target price of $39.31.

Tractor Supply Stock Performance

Shares of TSCO opened at $36.17 on Friday. 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 $18.97 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 11.85 and a beta of 0.47. The company’s 50 day simple moving average is $31.27 and its 200-day simple moving average is $39.37. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $62.89.

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 the consensus estimate of $0.82 by ($0.01). The business had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, equities analysts predict that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders 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 2.7%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply’s dividend payout ratio is presently 50.00%.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III bought 15,600 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the purchase, the chief executive officer owned 15,600 shares of the company’s stock, valued at approximately $501,540. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andre J. Hawaux purchased 3,150 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average cost of $31.83 per share, for a total transaction of $100,264.50. Following the acquisition, the director owned 3,150 shares of the company’s stock, valued at approximately $100,264.50. The trade was 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 acquired 20,310 shares of company stock worth $652,411. 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.