Strive Financial Group LLC Sells 34,877 Shares of Tractor Supply Company $TSCO

Strive Financial Group LLC trimmed its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 97.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 902 shares of the specialty retailer’s stock after selling 34,877 shares during the period. Strive Financial Group LLC’s holdings in Tractor Supply were worth $29,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TSCO. Goldman Sachs Group Inc. grew its stake in shares of Tractor Supply by 6.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock valued at $156,108,000 after buying an additional 184,146 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Tractor Supply by 44.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock worth $36,364,000 after acquiring an additional 222,750 shares in the last quarter. King Luther Capital Management Corp raised its position in Tractor Supply by 1.6% during the fourth quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock worth $119,410,000 after acquiring an additional 36,778 shares in the last quarter. IFP Advisors Inc lifted its stake in Tractor Supply by 423.8% in the second quarter. IFP Advisors Inc now owns 36,280 shares of the specialty retailer’s stock valued at $1,147,000 after acquiring an additional 29,354 shares during the last quarter. Finally, Swedbank AB lifted its stake in Tractor Supply by 3.3% in the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock valued at $56,470,000 after acquiring an additional 36,495 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $34.99 on Monday. The company has a market cap of $18.35 billion, a P/E ratio of 18.22, a P/E/G ratio of 3.77 and a beta of 0.48. The firm’s fifty day moving average price is $32.76 and its two-hundred day moving average price is $37.21. Tractor Supply Company has a one year low of $28.36 and a one year high of $60.87. 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 earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The company 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 quarterly revenue was up 2.3% compared to the same quarter last year. 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. Equities analysts expect that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply’s dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TSCO shares. Robert W. Baird decreased their price objective on shares of Tractor Supply from $50.00 to $38.00 and set an “outperform” rating for the company in a research 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 research note on Tuesday, July 14th. Zacks Research cut Tractor Supply from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Telsey Advisory Group reduced their price target on Tractor Supply from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Finally, TD Cowen reissued a “hold” rating on shares of Tractor Supply in a research report on Wednesday, July 15th. Thirteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.31.

Insiders Place Their Bets

In other news, Director Edna Morris purchased 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, with a total value of $50,606.40. Following the acquisition, the director owned 279,720 shares in the company, valued at approximately $9,074,116.80. This trade represents a 0.56% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andre J. Hawaux purchased 3,150 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average cost of $31.83 per share, with a total value of $100,264.50. Following the completion of the acquisition, the director owned 3,150 shares in the company, valued at $100,264.50. The trade was a ? increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 20,310 shares of company stock worth $652,411 over the last three months. 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.