Handelsbanken Fonder AB Trims Stock Position in Tractor Supply Company $TSCO

Handelsbanken Fonder AB trimmed its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 11.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,428 shares of the specialty retailer’s stock after selling 18,218 shares during the quarter. Handelsbanken Fonder AB’s holdings in Tractor Supply were worth $4,312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TSCO. Garner Asset Management Corp purchased a new position in shares of Tractor Supply in the 4th quarter valued at about $25,000. Elevation Wealth Partners LLC boosted its position in Tractor Supply by 1,253.4% during the second quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 727 shares during the last quarter. Reflection Asset Management purchased a new position in Tractor Supply in the 4th quarter worth approximately $26,000. Core Wealth Advisors LLC acquired a new position in shares of Tractor Supply during the 4th quarter worth approximately $27,000. Finally, Community Financial Services Group LLC grew its position in shares of Tractor Supply by 3,240.0% in the second quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 810 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 news, Director Edna Morris acquired 1,560 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average cost of $32.44 per share, with a total value of $50,606.40. Following the completion of the acquisition, 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 can be accessed through the SEC website. Also, CEO Harry A. Lawton III purchased 15,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the transaction, the chief executive officer owned 15,600 shares in the company, valued at approximately $501,540. This represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 20,310 shares of company stock valued at $652,411 in the last quarter. Company insiders own 0.64% of the company’s stock.

Tractor Supply Trading Down 0.9%

NASDAQ:TSCO opened at $35.83 on Friday. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $62.89. The company has a market capitalization of $18.79 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 11.77 and a beta of 0.47. The stock has a fifty day simple moving average of $31.39 and a 200-day simple moving average of $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.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing the consensus estimate 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%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, equities research analysts expect that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be given a dividend of $0.24 per share. 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 payout ratio is presently 50.00%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Tractor Supply from $47.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Robert W. Baird dropped their price objective 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. UBS Group set a $33.00 target price on shares of Tractor Supply and gave the company a “neutral” rating in a report on Tuesday, July 14th. Argus set a $41.00 target price on shares of Tractor Supply in a research note on Tuesday, July 28th. Finally, Wolfe Research set a $34.00 target price on Tractor Supply in a report on Thursday, July 16th. Thirteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Tractor Supply presently has a consensus rating of “Hold” and an average target price of $39.31.

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.