Apollon Wealth Management LLC Buys 65,911 Shares of Tractor Supply Company $TSCO

Apollon Wealth Management LLC boosted its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 348.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,822 shares of the specialty retailer's stock after buying an additional 65,911 shares during the period. Apollon Wealth Management LLC's holdings in Tractor Supply were worth $2,681,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Tractor Supply by 6.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer's stock valued at $156,108,000 after acquiring an additional 184,146 shares during the last quarter. Swedbank AB increased its stake in Tractor Supply by 3.3% during the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer's stock worth $56,470,000 after acquiring an additional 36,495 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Tractor Supply by 44.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer's stock worth $36,364,000 after acquiring an additional 222,750 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Tractor Supply by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer's stock valued at $56,086,000 after purchasing an additional 46,010 shares during the period. Finally, King Luther Capital Management Corp raised its position in Tractor Supply by 1.6% during the fourth quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer's stock valued at $119,410,000 after purchasing an additional 36,778 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Telsey Advisory Group cut their target price on Tractor Supply from $40.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, July 24th. Wells Fargo & Company lowered their price target on Tractor Supply from $47.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday, July 15th. JPMorgan Chase & Co. dropped their price objective on shares of Tractor Supply from $55.00 to $48.00 and set a "neutral" rating for the company in a research note on Wednesday, April 22nd. Robert W. Baird cut their price objective on shares of Tractor Supply from $50.00 to $38.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. Finally, Guggenheim set a $40.00 target price on shares of Tractor Supply and gave the company a "buy" rating in a research note on Friday, July 24th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $39.31.

Tractor Supply Stock Down 0.7%

Shares of NASDAQ:TSCO opened at $36.17 on Friday. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $62.89. The stock has a market cap 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. The business's 50 day moving average is $31.27 and its 200 day moving average is $39.37. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released 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 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 last year, the company earned $0.81 earnings per share. The firm'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. Sell-side analysts predict that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply's dividend payout ratio (DPR) is presently 50.00%.

Insider Buying and Selling

In related news, CEO Harry A. Lawton III bought 15,600 shares of the stock in a transaction on Tuesday, August 4th. The stock was bought at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the acquisition, the chief executive officer directly owned 15,600 shares in the company, valued at approximately $501,540. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Andre J. Hawaux acquired 3,150 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were bought 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 directly owned 3,150 shares in the company, valued at $100,264.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 20,310 shares of company stock valued at $652,411 over the last 90 days. 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.

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