Mattern Capital Management LLC Purchases 1,985 Shares of Tractor Supply Company $TSCO

Mattern Capital Management LLC increased its stake in Tractor Supply Company (NASDAQ:TSCO) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 195,025 shares of the specialty retailer’s stock after buying an additional 1,985 shares during the period. Tractor Supply accounts for about 1.2% of Mattern Capital Management LLC’s holdings, making the stock its 22nd largest holding. Mattern Capital Management LLC’s holdings in Tractor Supply were worth $10,291,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. GW&K Investment Management LLC boosted its holdings in Tractor Supply by 89.3% in the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 226 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in Tractor Supply during the second quarter valued at $35,000. Financial Gravity Asset Management Inc. purchased a new stake in Tractor Supply during the first quarter valued at $39,000. Smallwood Wealth Investment Management LLC purchased a new stake in Tractor Supply during the first quarter valued at $41,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Tractor Supply during the first quarter valued at $41,000. 98.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TSCO. Wells Fargo & Company upped their price target on Tractor Supply from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. increased their price target on Tractor Supply from $56.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Loop Capital increased their price target on Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, July 25th. UBS Group raised their price objective on Tractor Supply from $54.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Finally, DA Davidson raised their price target on Tractor Supply from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $62.15.

Tractor Supply Trading Up 0.6%

Shares of NASDAQ:TSCO opened at $56.23 on Friday. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The business’s fifty day simple moving average is $59.52 and its 200-day simple moving average is $54.85. The company has a market capitalization of $29.80 billion, a PE ratio of 27.59, a P/E/G ratio of 2.87 and a beta of 0.73. The company has a current ratio of 1.28, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.93 EPS. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. As a group, equities research analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were given a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.6%. Tractor Supply’s dividend payout ratio (DPR) is presently 45.10%.

Insider Activity at Tractor Supply

In other Tractor Supply news, Director Denise L. Jackson sold 1,165 shares of Tractor Supply stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $58.50, for a total transaction of $68,152.50. Following the completion of the sale, the director owned 31,123 shares of the company’s stock, valued at approximately $1,820,695.50. The trade was a 3.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Noni L. Ellison sold 5,200 shares of Tractor Supply stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $332,592.00. Following the sale, the senior vice president directly owned 28,639 shares of the company’s stock, valued at approximately $1,831,750.44. This represents a 15.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,500 shares of company stock worth $8,984,912 in the last quarter. 0.65% of the stock is owned by insiders.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.