Drive Wealth Management LLC Purchases New Shares in Tractor Supply Company $TSCO

Drive Wealth Management LLC purchased a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 14,362 shares of the specialty retailer’s stock, valued at approximately $454,000.

A number of other institutional investors also recently bought and sold shares of TSCO. Capital International Investors increased its position in Tractor Supply by 3.9% during the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after acquiring an additional 902,659 shares during the last quarter. State Street Corp boosted its stake in shares of Tractor Supply by 0.7% during the 4th quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock worth $1,152,819,000 after purchasing an additional 162,774 shares during the period. Invesco Ltd. boosted its stake in shares of Tractor Supply by 18.4% during the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after purchasing an additional 2,706,819 shares during the period. Geode Capital Management LLC grew its holdings in Tractor Supply by 1.2% during 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 during the last quarter. Finally, Capital World Investors grew its holdings in Tractor Supply by 2.3% during 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 during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TSCO. Citigroup reissued a “buy” rating on shares of Tractor Supply in a research note on Thursday, July 16th. Mizuho set a $28.00 target price on Tractor Supply and gave the company a “neutral” rating in a research note on Friday, July 24th. Jefferies Financial Group reiterated a “buy” rating and issued a $51.00 price target on shares of Tractor Supply in a report on Tuesday, April 21st. DA Davidson dropped their price objective on Tractor Supply from $50.00 to $40.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Finally, Telsey Advisory Group dropped their price objective on Tractor Supply from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Thirteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.31.

Tractor Supply Price Performance

Shares of TSCO stock opened at $36.17 on Friday. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $62.89. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $31.27 and a two-hundred day simple moving average of $39.37. The stock has a market capitalization of $18.97 billion, a price-to-earnings ratio of 18.84, a P/E/G ratio of 11.85 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share 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 firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The business’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, analysts predict that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Announces Dividend

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 issued a $0.24 dividend. The ex-dividend date is Monday, August 24th. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. Tractor Supply’s payout ratio is currently 50.00%.

Insider Activity

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

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.