Wedmont Private Capital Grows Holdings in Tractor Supply Company $TSCO

Wedmont Private Capital increased its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 684.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,308 shares of the specialty retailer’s stock after buying an additional 55,235 shares during the quarter. Wedmont Private Capital’s holdings in Tractor Supply were worth $1,926,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSCO. Bison Wealth LLC lifted its stake in shares of Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after acquiring an additional 5,017 shares during the period. Woodline Partners LP increased its stake in shares of Tractor Supply by 40.7% during the first quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock worth $2,487,000 after acquiring an additional 13,051 shares during the period. Intech Investment Management LLC raised its holdings in Tractor Supply by 26.9% during the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock worth $1,442,000 after purchasing an additional 5,542 shares in the last quarter. Sei Investments Co. raised its holdings in Tractor Supply by 1.2% during the second quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock worth $16,676,000 after purchasing an additional 3,631 shares in the last quarter. Finally, Glenview Trust co lifted its position in Tractor Supply by 36.0% in the second quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock valued at $1,036,000 after purchasing an additional 5,194 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Stock Performance

Tractor Supply stock opened at $34.99 on Tuesday. Tractor Supply Company has a fifty-two week low of $28.36 and a fifty-two week high of $60.87. The company has a market capitalization of $18.35 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 3.77 and a beta of 0.48. The stock has a fifty day moving average of $32.84 and a two-hundred day moving average of $37.08. 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 posted its quarterly earnings data 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). 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 analyst estimates of $4.58 billion. During the same period in the prior year, the firm earned $0.81 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, analysts anticipate that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company 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 dividend of $0.24 per share. The ex-dividend date is Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. Tractor Supply’s payout ratio is presently 50.00%.

Insider Buying and Selling

In other Tractor Supply news, CEO Harry A. Lawton III purchased 15,600 shares of Tractor Supply stock in a transaction on Tuesday, August 4th. The shares were purchased at an average cost of $32.15 per share, with a total value of $501,540.00. Following the completion of the transaction, the chief executive officer directly owned 15,600 shares in the company, valued at approximately $501,540. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andre J. Hawaux acquired 3,150 shares of the firm’s stock in a transaction on 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 completion of the purchase, the director owned 3,150 shares of the company’s stock, valued at $100,264.50. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 20,310 shares of company stock valued at $652,411. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. TD Cowen reiterated a “hold” rating on shares of Tractor Supply in a research report on Wednesday, July 15th. Piper Sandler set a $31.00 price target on Tractor Supply and gave the company a “neutral” rating in a report on Friday, July 24th. Mizuho set a $28.00 price target on Tractor Supply and gave the company a “neutral” rating in a research note on Friday, July 24th. Morgan Stanley reaffirmed a “negative” rating and set a $35.00 price objective on shares of Tractor Supply in a report on Friday, July 24th. Finally, Zacks Research cut Tractor Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Thirteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.31.

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.