Northwestern Mutual Wealth Management Co. Takes Position in Tractor Supply Company $TSCO

Northwestern Mutual Wealth Management Co. acquired a new stake in Tractor Supply Company (NASDAQ:TSCO) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 67,338 shares of the specialty retailer’s stock, valued at approximately $2,129,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Tractor Supply during the second quarter worth $1,500,967,000. Norges Bank bought a new stake in Tractor Supply in the 4th quarter valued at $303,862,000. Select Equity Group L.P. boosted its stake in Tractor Supply by 41.9% in the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock worth $670,887,000 after purchasing an additional 3,753,414 shares during the period. Deutsche Bank AG acquired a new position in Tractor Supply in the 2nd quarter worth $103,881,000. Finally, Bank of New York Mellon Corp bought a new position in Tractor Supply during the 2nd quarter worth about $91,772,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tractor Supply

In other news, Director Edna Morris acquired 1,560 shares of the stock in a transaction on Tuesday, August 4th. The stock was acquired at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the transaction, the director directly owned 279,720 shares in the company, valued at approximately $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andre J. Hawaux purchased 3,150 shares of the stock in a transaction dated Monday, August 3rd. The shares were acquired at an average cost of $31.83 per share, with a total value of $100,264.50. Following the acquisition, the director directly owned 3,150 shares in the company, valued at $100,264.50. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 20,310 shares of company stock valued at $652,411 over the last three months. 0.64% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of research reports. Robert W. Baird cut their price target on Tractor Supply from $50.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Evercore reissued an “outperform” rating and set a $40.00 price target on shares of Tractor Supply in a research report on Tuesday, July 7th. Raymond James Financial decreased their target price on shares of Tractor Supply from $48.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Barclays set a $35.00 price target on Tractor Supply and gave the stock an “equal weight” rating in a report on Monday, July 13th. Finally, Weiss Ratings downgraded Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. Thirteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.31.

Tractor Supply Trading Up 2.7%

Shares of Tractor Supply stock opened at $35.92 on Tuesday. The firm has a 50-day moving average of $31.92 and a 200-day moving average of $38.47. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $62.89. The stock has a market cap of $18.84 billion, a PE ratio of 18.71, a PEG ratio of 11.38 and a beta of 0.47. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33.

Tractor Supply (NASDAQ:TSCO) last announced 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 return on equity of 41.74% and a net margin of 6.42%.The business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The firm’s revenue for the quarter 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. As a group, sell-side analysts forecast that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend 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%.

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.