Summit Asset Management LLC Takes Position in Tractor Supply Company $TSCO

Summit Asset Management LLC purchased a new stake in Tractor Supply Company (NASDAQ:TSCO) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 20,500 shares of the specialty retailer’s stock, valued at approximately $648,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Tractor Supply during the fourth quarter worth about $303,862,000. Select Equity Group L.P. lifted its stake in Tractor Supply by 41.9% in the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after buying an additional 3,753,414 shares in the last quarter. Invesco Ltd. boosted its holdings in Tractor Supply by 18.4% in the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after buying an additional 2,706,819 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Tractor Supply by 37.1% in the 4th quarter. Franklin Resources Inc. now owns 7,705,579 shares of the specialty retailer’s stock worth $385,356,000 after buying an additional 2,086,472 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Tractor Supply by 46.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,046,977 shares of the specialty retailer’s stock worth $252,400,000 after buying an additional 1,595,803 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Stock Down 0.9%

NASDAQ TSCO opened at $35.83 on Friday. The business’s fifty day simple moving average is $31.39 and its 200-day simple moving average is $39.34. 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 firm has a market cap of $18.79 billion, a PE ratio of 18.66, a P/E/G ratio of 11.66 and a beta of 0.47. Tractor Supply Company has a 52 week low of $28.36 and a 52 week high of $62.89.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data 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 return on equity of 41.74% and a net margin of 6.42%.The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the previous year, the business posted $0.81 earnings per share. Tractor Supply’s revenue for the quarter 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, equities analysts anticipate that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. Tractor Supply’s dividend payout ratio (DPR) is currently 50.00%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TSCO. Piper Sandler set a $31.00 target price on Tractor Supply and gave the company a “neutral” rating in a report on Friday, July 24th. Wells Fargo & Company dropped their price target on Tractor Supply from $47.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Zacks Research downgraded Tractor Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Morgan Stanley restated a “negative” rating and issued a $35.00 price objective on shares of Tractor Supply in a report on Friday, July 24th. Finally, Weiss Ratings cut shares of Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 23rd. 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’s stock. According to MarketBeat, Tractor Supply currently has a consensus rating of “Hold” and an average price target of $39.31.

Insider Transactions at Tractor Supply

In other Tractor Supply news, Director Edna Morris acquired 1,560 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the transaction, the director owned 279,720 shares of the company’s stock, valued at approximately $9,074,116.80. The trade was a 0.56% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andre J. Hawaux bought 3,150 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were acquired at an average cost of $31.83 per share, with a total value of $100,264.50. Following the purchase, the director owned 3,150 shares of the company’s stock, valued at $100,264.50. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 20,310 shares of company stock worth $652,411 in the last 90 days. Insiders own 0.64% of the company’s stock.

Tractor Supply Company 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.