Wealthfront Advisers LLC purchased a new stake in Tractor Supply Company (NASDAQ:TSCO – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund purchased 48,719 shares of the specialty retailer’s stock, valued at approximately $1,540,000.
A number of other institutional investors also recently modified their holdings of the business. Advyzon Investment Management LLC grew its stake in Tractor Supply by 4.3% in the 4th quarter. Advyzon Investment Management LLC now owns 4,462 shares of the specialty retailer’s stock valued at $223,000 after buying an additional 183 shares in the last quarter. Field & Main Bank lifted its position in shares of Tractor Supply by 1.1% during the fourth quarter. Field & Main Bank now owns 18,835 shares of the specialty retailer’s stock worth $942,000 after acquiring an additional 200 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Tractor Supply by 22.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,190 shares of the specialty retailer’s stock worth $63,000 after acquiring an additional 220 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Tractor Supply by 0.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 56,698 shares of the specialty retailer’s stock worth $2,835,000 after acquiring an additional 222 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of Tractor Supply by 10.0% in the fourth quarter. Larson Financial Group LLC now owns 2,477 shares of the specialty retailer’s stock worth $124,000 after acquiring an additional 225 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Tractor Supply
In related news, CEO Harry A. Lawton III bought 15,600 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was acquired at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the transaction, the chief executive officer directly owned 15,600 shares in the company, valued at $501,540. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edna Morris purchased 1,560 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of $32.44 per share, with a total value of $50,606.40. Following the purchase, the director 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. Insiders purchased a total of 20,310 shares of company stock worth $652,411 over the last three months. 0.64% of the stock is owned by insiders.
Tractor Supply Price Performance
Tractor Supply (NASDAQ:TSCO – Get Free Report) last announced 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). Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. Tractor Supply’s revenue was up 2.3% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, research analysts expect that Tractor Supply Company will post 1.93 EPS for the current fiscal year.
Tractor Supply Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is currently 50.00%.
Wall Street Analysts Forecast Growth
TSCO has been the topic of a number of analyst reports. Citigroup reiterated a “buy” rating on shares of Tractor Supply in a research note on Thursday, July 16th. Guggenheim set a $40.00 target price on Tractor Supply and gave the company a “buy” rating in a report on Friday, July 24th. Raymond James Financial decreased their price target on Tractor Supply from $48.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Robert W. Baird lowered their price target on shares of Tractor Supply from $50.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Finally, UBS Group set a $33.00 price objective on shares of Tractor Supply and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Tractor Supply has an average rating of “Hold” and a consensus target price of $39.31.
View Our Latest Analysis on Tractor Supply
Tractor Supply Company 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.
Featured Articles
- Five stocks we like better than Tractor Supply
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply Company (NASDAQ:TSCO – Free Report).
Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.
