Western Wealth Management LLC Invests $993,000 in Tractor Supply Company $TSCO

Western Wealth Management LLC bought a new position in Tractor Supply Company (NASDAQ:TSCOFree Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,912 shares of the specialty retailer’s stock, valued at approximately $993,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Garner Asset Management Corp purchased a new stake in shares of Tractor Supply during the 4th quarter worth approximately $25,000. Reflection Asset Management bought a new position in shares of Tractor Supply during the 4th quarter valued at approximately $26,000. Core Wealth Advisors LLC purchased a new position in shares of Tractor Supply in the fourth quarter valued at $27,000. Bayban purchased a new position in shares of Tractor Supply in the fourth quarter valued at $28,000. Finally, JPL Wealth Management LLC bought a new stake in Tractor Supply in the third quarter worth $28,000. 98.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TSCO shares. Evercore reaffirmed an “outperform” rating and set a $40.00 price target on shares of Tractor Supply in a research note on Tuesday, July 7th. Guggenheim set a $40.00 price objective on shares of Tractor Supply and gave the stock a “buy” rating in a research note on Friday, July 24th. Barclays set a $35.00 target price on shares of Tractor Supply and gave the stock an “equal weight” rating in a report on Monday, July 13th. Zacks Research downgraded shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Morgan Stanley reiterated a “negative” rating and issued a $35.00 price target on shares of Tractor Supply in a research report on Friday, July 24th. Thirteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $39.31.

Get Our Latest Report on Tractor Supply

Tractor Supply Price Performance

NASDAQ TSCO opened at $30.77 on Monday. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83. Tractor Supply Company has a 52 week low of $28.36 and a 52 week high of $62.89. The firm has a market capitalization of $16.14 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 10.01 and a beta of 0.47. The company has a fifty day moving average of $30.58 and a two-hundred day moving average of $40.48.

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

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.96 annualized dividend and a yield of 3.1%. Tractor Supply’s dividend payout ratio (DPR) is presently 50.00%.

About Tractor Supply

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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