Axxcess Wealth Management LLC Cuts Position in Tractor Supply Company $TSCO

Axxcess Wealth Management LLC decreased its holdings in Tractor Supply Company (NASDAQ:TSCO) by 6.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 28,706 shares of the specialty retailer’s stock after selling 1,950 shares during the period. Axxcess Wealth Management LLC’s holdings in Tractor Supply were worth $1,515,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GW&K Investment Management LLC raised its stake in shares of Tractor Supply by 89.3% during the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 226 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of Tractor Supply during the second quarter valued at approximately $35,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Tractor Supply during the first quarter valued at approximately $39,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Tractor Supply during the first quarter valued at approximately $41,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Tractor Supply during the first quarter valued at approximately $41,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Tractor Supply from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Loop Capital lifted their price objective on shares of Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. lifted their price objective on shares of Tractor Supply from $56.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Wall Street Zen upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Robert W. Baird lifted their price target on shares of Tractor Supply from $56.00 to $61.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Fifteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.45.

Insider Activity

In related news, CFO Kurt D. Barton sold 90,000 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $63.96, for a total value of $5,756,400.00. Following the completion of the sale, the chief financial officer owned 47,715 shares of the company’s stock, valued at $3,051,851.40. This represents a 65.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Denise L. Jackson sold 1,165 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $58.50, for a total transaction of $68,152.50. Following the completion of the sale, the director directly owned 31,123 shares of the company’s stock, valued at $1,820,695.50. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 103,045 shares of company stock worth $6,547,257. 0.65% of the stock is owned by insiders.

Tractor Supply Stock Up 0.6%

TSCO stock opened at $55.81 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99. The firm has a fifty day moving average price of $58.81 and a two-hundred day moving average price of $54.95. The firm has a market cap of $29.58 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 2.84 and a beta of 0.73.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the previous year, the firm earned $3.93 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. Research analysts predict that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 annualized dividend and a dividend yield of 1.6%. Tractor Supply’s payout ratio is 45.10%.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.