Ticino Wealth Boosts Stake in Tractor Supply Company $TSCO

Ticino Wealth increased its stake in Tractor Supply Company (NASDAQ:TSCO) by 349.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,816 shares of the specialty retailer’s stock after purchasing an additional 23,964 shares during the quarter. Ticino Wealth’s holdings in Tractor Supply were worth $974,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Garner Asset Management Corp bought a new stake in Tractor Supply during the fourth quarter valued at about $25,000. Elevation Wealth Partners LLC raised its stake in shares of Tractor Supply by 1,253.4% in the second quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock worth $25,000 after buying an additional 727 shares during the period. Reflection Asset Management purchased a new position in shares of Tractor Supply during the 4th quarter valued at about $26,000. Core Wealth Advisors LLC purchased a new position in shares of Tractor Supply during the 4th quarter valued at about $27,000. Finally, Community Financial Services Group LLC grew its stake in shares of Tractor Supply by 3,240.0% during the 2nd quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 810 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tractor Supply

In related news, CEO Harry A. Lawton III bought 15,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the transaction, the chief executive officer owned 15,600 shares in the company, valued at $501,540. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Edna Morris bought 1,560 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average cost of $32.44 per share, with a total value of $50,606.40. Following the completion of the purchase, 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. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 20,310 shares of company stock valued at $652,411. 0.64% of the stock is currently owned by corporate insiders.

Tractor Supply Stock Up 3.2%

Shares of TSCO opened at $36.43 on Thursday. The business’s 50 day moving average is $31.13 and its 200 day moving average is $39.50. The company has a market capitalization of $19.11 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 11.48 and a beta of 0.47. Tractor Supply Company has a 12-month low of $28.36 and a 12-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.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.58 billion. During the same period in the prior year, the firm posted $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. Research analysts expect that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently announced 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. This represents a $0.96 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply’s payout ratio is 50.00%.

Analyst Ratings Changes

TSCO has been the subject of several analyst reports. Wolfe Research set a $34.00 target price on shares of Tractor Supply in a report on Thursday, July 16th. Weiss Ratings downgraded shares of Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 23rd. Guggenheim set a $40.00 price target on shares of Tractor Supply and gave the stock a “buy” rating in a research report on Friday, July 24th. BNP Paribas Exane reduced their price objective 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, Zacks Research downgraded shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Thirteen equities research 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. According to data from MarketBeat, the stock presently has a consensus 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.