57,233 Shares in Tractor Supply Company $TSCO Bought by Simplicity Wealth LLC

Simplicity Wealth LLC bought a new position in shares of Tractor Supply Company (NASDAQ:TSCO) during the 2nd quarter, Holdings Channel.com reports. The firm bought 57,233 shares of the specialty retailer’s stock, valued at approximately $1,809,000.

Several other institutional investors also recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its position in shares of Tractor Supply by 6.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock worth $156,108,000 after purchasing an additional 184,146 shares during the last quarter. Swedbank AB lifted its holdings 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 buying an additional 36,495 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Tractor Supply by 44.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock valued at $36,364,000 after purchasing an additional 222,750 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Tractor Supply by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock valued at $56,086,000 after purchasing an additional 46,010 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its holdings 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 purchasing an additional 36,778 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Price Performance

NASDAQ TSCO opened at $35.83 on Monday. The stock’s 50 day simple moving average is $31.39 and its 200 day simple moving average is $39.23. Tractor Supply Company has a one year low of $28.36 and a one year high of $62.89. The firm has a market cap of $18.79 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 11.66 and a beta of 0.47. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23.

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

Tractor Supply Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Edna Morris acquired 1,560 shares of Tractor Supply stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $32.44 per share, with a total value of $50,606.40. Following the acquisition, the director owned 279,720 shares in the company, valued at $9,074,116.80. This represents a 0.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Harry A. Lawton III bought 15,600 shares of the stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $32.15 per share, with a total value of $501,540.00. Following the completion of the purchase, the chief executive officer directly owned 15,600 shares in the company, valued at approximately $501,540. This trade represents a ? increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 20,310 shares of company stock valued at $652,411. 0.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TSCO has been the subject of several research reports. Zacks Research cut shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Gordon Haskett upped their price target on Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. DA Davidson decreased their price objective on Tractor Supply from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. BNP Paribas Exane decreased their price target on shares of Tractor Supply from $58.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. Finally, Truist Financial set a $32.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a report on Tuesday, June 16th. 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. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Hold” and a consensus price target of $39.31.

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.