Merit Financial Group LLC Sells 59,493 Shares of Tractor Supply Company $TSCO

Merit Financial Group LLC lowered its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 59.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,284 shares of the specialty retailer’s stock after selling 59,493 shares during the period. Merit Financial Group LLC’s holdings in Tractor Supply were worth $1,305,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital International Investors grew its holdings in Tractor Supply by 3.9% during the 4th quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock worth $1,214,390,000 after acquiring an additional 902,659 shares in the last quarter. State Street Corp increased its position in Tractor Supply by 0.7% during the 4th quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after purchasing an additional 162,774 shares during the period. Invesco Ltd. increased its position in Tractor Supply by 18.4% during the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after purchasing an additional 2,706,819 shares during the period. Geode Capital Management LLC raised its holdings in shares of Tractor Supply by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock valued at $791,703,000 after purchasing an additional 184,457 shares in the last quarter. Finally, Capital World Investors raised its holdings in shares of Tractor Supply by 2.3% in the 4th quarter. Capital World Investors now owns 15,157,047 shares of the specialty retailer’s stock valued at $758,004,000 after purchasing an additional 336,040 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Stock Up 3.2%

NASDAQ:TSCO opened at $36.43 on Thursday. The company’s 50-day simple moving average is $31.13 and its 200-day simple moving average is $39.50. 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 Company has a fifty-two week low of $28.36 and a fifty-two week high of $62.89. The stock has a market capitalization of $19.11 billion, a P/E ratio of 18.97, a P/E/G ratio of 11.48 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data 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 firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the firm earned $0.81 EPS. The company’s revenue 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. On average, equities analysts anticipate that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be given a dividend of $0.24 per share. 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 2.6%. Tractor Supply’s dividend payout ratio is presently 50.00%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wolfe Research set a $34.00 price objective on shares of Tractor Supply in a research note on Thursday, July 16th. Robert W. Baird reduced their price objective on shares of Tractor Supply from $50.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Stephens lowered their target price on Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. TD Cowen reaffirmed a “hold” rating on shares of Tractor Supply in a research report on Wednesday, July 15th. Finally, Zacks Research downgraded Tractor Supply from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Thirteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.31.

Insider Transactions at Tractor Supply

In other Tractor Supply news, Director Edna Morris acquired 1,560 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the acquisition, the director owned 279,720 shares in the company, valued at approximately $9,074,116.80. This trade represents a 0.56% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andre J. Hawaux acquired 3,150 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were acquired at an average price of $31.83 per share, with a total value of $100,264.50. Following the acquisition, the director owned 3,150 shares in the company, valued at approximately $100,264.50. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 20,310 shares of company stock valued at $652,411. Corporate insiders own 0.64% of the company’s stock.

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.