Baird Financial Group Inc. Sells 424,092 Shares of Tractor Supply Company $TSCO

Baird Financial Group Inc. decreased its holdings in Tractor Supply Company (NASDAQ:TSCO) by 43.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 549,044 shares of the specialty retailer’s stock after selling 424,092 shares during the period. Baird Financial Group Inc.’s holdings in Tractor Supply were worth $17,355,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TSCO. Allworth Financial LP lifted its stake in Tractor Supply by 4.7% in the second quarter. Allworth Financial LP now owns 10,857 shares of the specialty retailer’s stock worth $343,000 after acquiring an additional 483 shares during the period. Arizona State Retirement System boosted its position in Tractor Supply by 5.0% during the 2nd quarter. Arizona State Retirement System now owns 150,812 shares of the specialty retailer’s stock valued at $4,767,000 after acquiring an additional 7,233 shares in the last quarter. Waverly Advisors LLC raised its position in shares of Tractor Supply by 8.1% in the 2nd quarter. Waverly Advisors LLC now owns 33,558 shares of the specialty retailer’s stock worth $1,061,000 after acquiring an additional 2,514 shares in the last quarter. Empirical Finance LLC boosted its position in Tractor Supply by 3.3% during the second quarter. Empirical Finance LLC now owns 19,418 shares of the specialty retailer’s stock valued at $614,000 after purchasing an additional 623 shares in the last quarter. Finally, Nykredit A S purchased a new stake in shares of Tractor Supply during the second quarter valued at about $6,691,000. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Price Performance

TSCO opened at $33.01 on Friday. The stock’s 50-day moving average price is $33.00 and its 200 day moving average price is $36.67. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $60.85. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 3.62 and a beta of 0.48.

Tractor Supply (NASDAQ:TSCO) last released 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). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The company had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter last year, the business posted $0.81 earnings per share. The company’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, sell-side analysts expect that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Announces Dividend

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

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of analyst reports. Weiss Ratings raised shares of Tractor Supply from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 26th. Wells Fargo & Company decreased their price objective on Tractor Supply from $47.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Piper Sandler set a $31.00 price target on shares of Tractor Supply and gave the stock a “neutral” rating in a report on Friday, July 24th. TD Cowen restated a “hold” rating on shares of Tractor Supply in a research report on Wednesday, July 15th. Finally, Mizuho set a $28.00 price objective on Tractor Supply and gave the stock a “neutral” rating in a report on Friday, July 24th. Thirteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Tractor Supply has an average rating of “Hold” and a consensus price target of $39.31.

Insider Transactions at Tractor Supply

In other Tractor Supply news, Director Andre Hawaux bought 3,150 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average price of $31.83 per share, with a total value of $100,264.50. Following the completion of the acquisition, the director directly owned 3,150 shares of the company’s stock, valued at $100,264.50. This represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Harry Lawton, III acquired 15,600 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the acquisition, the chief executive officer owned 15,600 shares of the company’s stock, valued at $501,540. This represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 20,310 shares of company stock valued at $652,411. Insiders own 0.64% of the company’s stock.

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.