Wellspring Financial Advisors LLC Buys Shares of 20,395 Tractor Supply Company $TSCO

Wellspring Financial Advisors LLC purchased a new position in shares of Tractor Supply Company (NASDAQ:TSCO) in the 2nd quarter, Holdings Channel reports. The firm purchased 20,395 shares of the specialty retailer’s stock, valued at approximately $645,000.

A number of other large investors also recently modified their holdings of the company. Bison Wealth LLC increased its holdings in Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 5,017 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Tractor Supply by 40.7% during the first quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock valued at $2,487,000 after purchasing an additional 13,051 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Tractor Supply by 26.9% during the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock worth $1,442,000 after purchasing an additional 5,542 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Tractor Supply by 1.2% during the second quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock worth $16,676,000 after purchasing an additional 3,631 shares during the last quarter. Finally, Glenview Trust co increased its stake in shares of Tractor Supply by 36.0% in the second quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock valued at $1,036,000 after buying an additional 5,194 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TSCO shares. Telsey Advisory Group dropped their price objective on shares of Tractor Supply from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Weiss Ratings lowered shares of Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 23rd. Stephens decreased their price target on shares of Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 22nd. TD Cowen reaffirmed a “hold” rating on shares of Tractor Supply in a research note on Wednesday, July 15th. Finally, 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. Thirteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.31.

Tractor Supply Price Performance

Shares of TSCO opened at $36.43 on Thursday. Tractor Supply Company has a 1 year low of $28.36 and a 1 year high of $62.89. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23. The company has a market capitalization of $19.11 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 11.48 and a beta of 0.47. The business has a 50-day moving average of $31.13 and a 200-day moving average of $39.50.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, equities research analysts anticipate that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.6%. Tractor Supply’s payout ratio is 50.00%.

Insider Activity

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

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.