Western Wealth Management LLC Acquires Shares of 21,912 Tractor Supply Company $TSCO

Western Wealth Management LLC bought a new position in shares of Tractor Supply Company (NASDAQ:TSCO) during the first quarter, according to its most recent Form 13F 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 large investors have also added to or reduced their stakes in TSCO. Garner Asset Management Corp acquired a new position in Tractor Supply in the 4th quarter worth $25,000. Reflection Asset Management acquired a new stake in shares of Tractor Supply during the fourth quarter valued at about $26,000. Core Wealth Advisors LLC acquired a new stake in shares of Tractor Supply during the fourth quarter valued at about $27,000. Bayban purchased a new stake in shares of Tractor Supply during the fourth quarter worth about $28,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Tractor Supply during the third quarter worth about $28,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tractor Supply

In other news, CEO Harry A. Lawton III acquired 15,600 shares of the stock in a transaction on Tuesday, August 4th. The shares were purchased at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the transaction, the chief executive officer owned 15,600 shares in the company, valued at approximately $501,540. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edna Morris purchased 1,560 shares of the stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the acquisition, the director directly owned 279,720 shares of the company’s stock, valued at $9,074,116.80. This represents a 0.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 20,310 shares of company stock valued at $652,411. 0.64% of the stock is currently owned by corporate insiders.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $36.17 on Friday. 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 business’s 50-day moving average price is $31.27 and its 200 day moving average price is $39.37. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $62.89. The firm has a market cap of $18.97 billion, a P/E ratio of 18.84, a PEG ratio of 11.85 and a beta of 0.47.

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

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, August 24th. Tractor Supply’s payout ratio is presently 50.00%.

Analysts Set New Price Targets

Several equities analysts have recently commented on TSCO shares. BNP Paribas Exane reduced their target price on Tractor Supply from $58.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Morgan Stanley restated a “negative” rating and issued a $35.00 target price on shares of Tractor Supply in a research note on Friday, July 24th. Piper Sandler set a $31.00 price target on shares of Tractor Supply and gave the company a “neutral” rating in a report on Friday, July 24th. Truist Financial set a $32.00 price objective on shares of Tractor Supply and gave the company a “hold” rating in a research report on Tuesday, June 16th. Finally, Citigroup reissued a “buy” rating on shares of Tractor Supply in a research note on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.31.

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.