Western Wealth Management LLC Buys Shares of 22,457 Tractor Supply Company $TSCO

Western Wealth Management LLC purchased a new position in shares of Tractor Supply Company (NASDAQ:TSCO) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 22,457 shares of the specialty retailer’s stock, valued at approximately $710,000.

Other hedge funds also recently modified their holdings of the company. Jupiter Topco LLC purchased a new position in Tractor Supply in the second quarter valued at approximately $2,016,000. Hsbc Holdings PLC bought a new position in Tractor Supply during the second quarter valued at $55,046,000. Ancora Advisors LLC purchased a new stake in Tractor Supply in the second quarter worth $32,000. Canada Pension Plan Investment Board purchased a new stake in Tractor Supply in the second quarter worth $10,482,000. Finally, Element Capital Management LLC bought a new stake in shares of Tractor Supply in the second quarter valued at $2,289,000. Institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Robert W. Baird dropped their price target on Tractor Supply from $50.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Barclays set a $35.00 price objective on Tractor Supply and gave the stock an “equal weight” rating in a report on Monday, July 13th. Gordon Haskett upped their price objective on shares of Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. Piper Sandler set a $31.00 price objective on shares of Tractor Supply and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $38.00 target price (down from $43.00) on shares of Tractor Supply in a research report on Friday, July 24th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Tractor Supply has an average rating of “Hold” and a consensus price target of $39.31.

Insider Activity

In other news, Director Andre J. Hawaux bought 3,150 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average price of $31.83 per share, with a total value of $100,264.50. Following the acquisition, the director owned 3,150 shares of the company’s stock, valued at approximately $100,264.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edna Morris bought 1,560 shares of the stock in a transaction on Tuesday, August 4th. The stock was purchased at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the purchase, the director directly owned 279,720 shares in the company, valued at approximately $9,074,116.80. This represents a 0.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 20,310 shares of company stock worth $652,411. 0.64% of the stock is owned by company insiders.

Tractor Supply Stock Performance

Shares of TSCO opened at $35.38 on Wednesday. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $62.89. The stock’s 50-day simple moving average is $32.03 and its 200 day simple moving average is $38.33. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. The stock has a market capitalization of $18.56 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 11.68 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results 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 company had revenue of $4.54 billion for 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 firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Research analysts forecast that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is 50.00%.

Tractor Supply 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.