Meridian Wealth Management LLC Purchases 20,173 Shares of Tractor Supply Company $TSCO

Meridian Wealth Management LLC raised its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 199.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,273 shares of the specialty retailer’s stock after purchasing an additional 20,173 shares during the quarter. Meridian Wealth Management LLC’s holdings in Tractor Supply were worth $1,514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Field & Main Bank lifted its stake in shares of Tractor Supply by 1.1% in the fourth quarter. Field & Main Bank now owns 18,835 shares of the specialty retailer’s stock worth $942,000 after buying an additional 200 shares in the last quarter. Oak Thistle LLC lifted its stake in shares of Tractor Supply by 0.9% in the fourth quarter. Oak Thistle LLC now owns 24,911 shares of the specialty retailer’s stock worth $1,246,000 after buying an additional 215 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its stake in shares of Tractor Supply by 5.1% in the third quarter. Vestmark Advisory Solutions Inc. now owns 4,514 shares of the specialty retailer’s stock worth $257,000 after buying an additional 218 shares in the last quarter. Johnson Investment Counsel Inc. lifted its stake in shares of Tractor Supply by 1.7% in the third quarter. Johnson Investment Counsel Inc. now owns 12,771 shares of the specialty retailer’s stock worth $726,000 after buying an additional 219 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Tractor Supply by 22.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,190 shares of the specialty retailer’s stock worth $63,000 after buying an additional 220 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Tractor Supply news, EVP Colin Yankee sold 11,170 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $55.35, for a total transaction of $618,259.50. Following the completion of the sale, the executive vice president directly owned 45,515 shares of the company’s stock, valued at approximately $2,519,255.25. This represents a 19.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TSCO. UBS Group dropped their target price on shares of Tractor Supply from $55.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their target price on shares of Tractor Supply from $55.00 to $48.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Wall Street Zen upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Raymond James Financial dropped their target price on shares of Tractor Supply from $60.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. Finally, TD Cowen reiterated a “hold” rating and issued a $38.00 target price (down from $53.00) on shares of Tractor Supply in a research note on Monday, April 27th. Fourteen analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average target price of $47.38.

Tractor Supply Stock Down 2.4%

Shares of Tractor Supply stock opened at $29.85 on Thursday. The company has a market cap of $15.65 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.76 and a beta of 0.51. The company’s 50 day moving average is $42.82 and its 200 day moving average is $49.44. Tractor Supply Company has a twelve month low of $29.42 and a twelve month 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.

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

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.