22,457 Shares in Tractor Supply Company $TSCO Acquired by Western Wealth Management LLC

Western Wealth Management LLC purchased a new position in shares of Tractor Supply Company (NASDAQ:TSCO) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 22,457 shares of the specialty retailer’s stock, valued at approximately $710,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in shares of Tractor Supply by 6.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock valued at $156,108,000 after buying an additional 184,146 shares in the last quarter. Swedbank AB increased its position in shares of Tractor Supply by 3.3% during the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock worth $56,470,000 after acquiring an additional 36,495 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Tractor Supply by 44.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock worth $36,364,000 after acquiring an additional 222,750 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Tractor Supply by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock worth $56,086,000 after acquiring an additional 46,010 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its position in Tractor Supply by 1.6% in the 4th quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock valued at $119,410,000 after acquiring an additional 36,778 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Down 1.5%

Tractor Supply stock opened at $35.38 on Wednesday. Tractor Supply Company has a fifty-two week low of $28.36 and a fifty-two week high of $62.89. 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 firm’s 50-day simple moving average is $32.03 and its 200 day simple moving average is $38.33. The stock has a market cap of $18.56 billion, a PE 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 quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The firm had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter last year, the business posted $0.81 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Research analysts predict that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Announces Dividend

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

Analyst Ratings Changes

A number of research firms have issued reports on TSCO. Wells Fargo & Company cut their price target on Tractor Supply from $47.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Robert W. Baird lowered their price objective on Tractor Supply from $50.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Argus set a $41.00 target price on Tractor Supply in a report on Tuesday, July 28th. The Goldman Sachs Group reaffirmed 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. Finally, Weiss Ratings downgraded Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.31.

Insider Activity at Tractor Supply

In other Tractor Supply news, Director Andre J. Hawaux acquired 3,150 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 3,150 shares in the company, valued at approximately $100,264.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Edna Morris acquired 1,560 shares of Tractor Supply stock in a transaction 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 purchase, the director directly owned 279,720 shares in the company, valued at approximately $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 20,310 shares of company stock valued at $652,411. 0.64% of the stock is owned by insiders.

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.