Western Wealth Management LLC Acquires New Holdings in Tractor Supply Company $TSCO

Western Wealth Management LLC purchased a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) during the first quarter, Holdings Channel reports. The fund purchased 21,912 shares of the specialty retailer’s stock, valued at approximately $993,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Garner Asset Management Corp bought a new position in Tractor Supply in the 4th quarter worth $25,000. Reflection Asset Management acquired a new position in shares of Tractor Supply in the fourth quarter valued at $26,000. Core Wealth Advisors LLC bought a new stake in Tractor Supply in the 4th quarter valued at $27,000. Bayban bought a new stake in Tractor Supply in the 4th quarter valued at $28,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Tractor Supply in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity at Tractor Supply

In related news, Director Andre J. Hawaux bought 3,150 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of $31.83 per share, with a total value of $100,264.50. Following the completion of the purchase, the director owned 3,150 shares of the company’s stock, valued at $100,264.50. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Edna Morris purchased 1,560 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 20,310 shares of company stock worth $652,411. 0.64% of the stock is owned by insiders.

Tractor Supply Price Performance

TSCO opened at $36.17 on Friday. The company’s 50 day simple moving average is $31.27 and its 200-day simple moving average is $39.37. The stock has a market capitalization of $18.97 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 11.85 and a beta of 0.47. Tractor Supply Company has a one year low of $28.36 and a one year high of $62.89. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be given a dividend of $0.24 per share. 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 presently 50.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays set a $35.00 price objective on shares of Tractor Supply and gave the stock an “equal weight” rating in a report on Monday, July 13th. Piper Sandler set a $31.00 price target on shares of Tractor Supply and gave the stock a “neutral” rating in a research report on Friday, July 24th. Daiwa Securities Group dropped their price target on shares of Tractor Supply from $52.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. BNP Paribas Exane cut their price target on shares of Tractor Supply from $58.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Finally, Raymond James Financial decreased their price objective on Tractor Supply from $48.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Thirteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $39.31.

About Tractor Supply

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.