HB Wealth Management LLC Acquires 15,402 Shares of Tractor Supply Company $TSCO

HB Wealth Management LLC raised its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 64.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 39,244 shares of the specialty retailer’s stock after acquiring an additional 15,402 shares during the quarter. HB Wealth Management LLC’s holdings in Tractor Supply were worth $1,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Tractor Supply in the 2nd quarter worth $1,500,967,000. Capital International Investors grew its holdings in Tractor Supply by 3.9% during the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after purchasing an additional 902,659 shares during the period. State Street Corp grew its holdings in Tractor Supply by 0.7% during the fourth quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after purchasing an additional 162,774 shares during the period. Invesco Ltd. increased its position in Tractor Supply by 18.4% in the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after buying an additional 2,706,819 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Tractor Supply by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock worth $791,703,000 after buying an additional 184,457 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $33.52 on Friday. The company has a market capitalization of $17.58 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 3.67 and a beta of 0.48. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83. The stock’s 50-day simple moving average is $32.98 and its 200-day simple moving average is $36.70. Tractor Supply Company has a 52 week low of $28.36 and a 52 week high of $60.85.

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

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, August 24th. Tractor Supply’s dividend payout ratio is presently 50.00%.

Wall Street Analyst Weigh In

TSCO has been the topic of several recent research reports. Robert W. Baird decreased their price objective on Tractor Supply from $50.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $38.00 price objective (down from $43.00) on shares of Tractor Supply in a research note on Friday, July 24th. Wolfe Research set a $34.00 target price on shares of Tractor Supply in a report on Thursday, July 16th. Wall Street Zen cut shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings upgraded shares of Tractor Supply from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 26th. Thirteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.31.

Insider Buying and Selling at Tractor Supply

In related news, Director Edna Morris acquired 1,560 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was acquired at an average cost of $32.44 per share, with a total value of $50,606.40. Following the acquisition, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. This represents a 0.56% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Harry Lawton, III acquired 15,600 shares of Tractor Supply stock in a transaction dated Tuesday, August 4th. The shares were bought at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the transaction, the chief executive officer owned 15,600 shares of the company’s stock, valued at approximately $501,540. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 20,310 shares of company stock valued at $652,411 in the last three months. 0.64% of the stock is currently owned by corporate insiders.

Tractor Supply Profile

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of recreational farmers, ranchers, homeowners, pet owners and other customers who live a rural lifestyle. The company operates Tractor Supply stores across the United States, offering products designed for agriculture, home improvement, outdoor living and animal care.

Its merchandise includes livestock and pet supplies, agricultural and lawn-and-garden equipment, tools, hardware, fencing, workwear, footwear, outdoor power equipment, seasonal goods and home products.