Meridian Wealth Management LLC Increases Stake in Tractor Supply Company $TSCO

Meridian Wealth Management LLC raised its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 199.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,273 shares of the specialty retailer’s stock after buying an additional 20,173 shares during the period. Meridian Wealth Management LLC’s holdings in Tractor Supply were worth $1,514,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Garner Asset Management Corp purchased a new stake in Tractor Supply during the fourth quarter valued at approximately $25,000. Aventura Private Wealth LLC purchased a new stake in Tractor Supply during the fourth quarter valued at approximately $27,000. JPL Wealth Management LLC purchased a new stake in Tractor Supply during the third quarter valued at approximately $28,000. Flagship Harbor Advisors LLC purchased a new stake in Tractor Supply during the fourth quarter valued at approximately $35,000. Finally, First Horizon Corp purchased a new stake in Tractor Supply during the third quarter valued at approximately $44,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TSCO shares. Gordon Haskett reduced their price objective on shares of Tractor Supply from $50.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. TD Cowen reiterated a “hold” rating and set a $38.00 price objective (down from $53.00) on shares of Tractor Supply in a research report on Monday, April 27th. Telsey Advisory Group lowered their price objective on shares of Tractor Supply from $63.00 to $52.00 and set an “outperform” rating for the company in a research report on Wednesday, April 22nd. Morgan Stanley lowered their price objective on shares of Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 22nd. Finally, Weiss Ratings lowered shares of Tractor Supply from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Fourteen research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $47.38.

Tractor Supply Price Performance

TSCO stock opened at $29.85 on Thursday. Tractor Supply Company has a 52 week low of $29.42 and a 52 week high of $63.99. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The company has a fifty day simple moving average of $42.82 and a two-hundred day simple moving average of $49.44. The firm has a market capitalization of $15.65 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.76 and a beta of 0.51.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the business earned $0.34 EPS. Tractor Supply’s revenue for the quarter was up 3.6% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Analysts anticipate that Tractor Supply Company will post 2.14 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Colin Yankee sold 11,170 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $55.35, for a total value of $618,259.50. Following the completion of the sale, the executive vice president owned 45,515 shares in the company, valued at approximately $2,519,255.25. This trade represents a 19.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.64% of the company’s stock.

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.