The Manufacturers Life Insurance Company Raises Stake in Tractor Supply Company $TSCO

The Manufacturers Life Insurance Company boosted its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 394.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,376,086 shares of the specialty retailer’s stock after purchasing an additional 1,097,500 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.26% of Tractor Supply worth $43,498,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Advyzon Investment Management LLC grew its position in Tractor Supply by 4.3% in the fourth quarter. Advyzon Investment Management LLC now owns 4,462 shares of the specialty retailer’s stock worth $223,000 after acquiring an additional 183 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Tractor Supply by 22.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,190 shares of the specialty retailer’s stock worth $63,000 after purchasing an additional 220 shares during the period. Aptus Capital Advisors LLC raised its holdings in Tractor Supply by 0.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 56,698 shares of the specialty retailer’s stock valued at $2,835,000 after buying an additional 222 shares during the period. Larson Financial Group LLC lifted its position in Tractor Supply by 10.0% in the fourth quarter. Larson Financial Group LLC now owns 2,477 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 225 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in Tractor Supply by 11.6% during the fourth quarter. TD Private Client Wealth LLC now owns 2,201 shares of the specialty retailer’s stock worth $110,000 after buying an additional 228 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Guggenheim set a $40.00 price target on shares of Tractor Supply and gave the company a “buy” rating in a research note on Friday, July 24th. Mizuho set a $28.00 price target on Tractor Supply and gave the stock a “neutral” rating in a research note on Friday, July 24th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $38.00 price objective (down from $43.00) on shares of Tractor Supply in a research note on Friday, July 24th. Evercore restated an “outperform” rating and set a $40.00 target price on shares of Tractor Supply in a report on Tuesday, July 7th. Finally, DA Davidson dropped their price objective on shares of Tractor Supply from $50.00 to $40.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.31.

Tractor Supply Stock Down 1.5%

TSCO stock opened at $33.01 on Friday. Tractor Supply Company has a 12 month low of $28.36 and a 12 month high of $60.85. The company has a market cap of $17.31 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 3.62 and a beta of 0.48. The company has a fifty day moving average price of $33.00 and a 200 day moving average price of $36.67. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The firm 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 business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Sell-side analysts expect that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Announces Dividend

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

Tractor Supply Company 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.