Arkfeld Wealth Strategies L.L.C. Makes New Investment in Tractor Supply Company $TSCO

Key Points

• Arkfeld Wealth Strategies acquired 49,740 Tractor Supply shares worth approximately $1.5 million in the second quarter, while institutional investors collectively own 98.72% of the company.
• Analyst sentiment is mixed, with a consensus rating of “Hold” from 28 analysts and an average price target of $39.31; several firms recently lowered their targets.
• Tractor Supply’s latest quarterly results narrowly missed expectations, with $0.81 in EPS and $4.54 billion in revenue, while the company declared a $0.24 quarterly dividend, yielding about 2.7% annually.

Arkfeld Wealth Strategies L.L.C. acquired a new stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 49,740 shares of the specialty retailer's stock, valued at approximately $1,503,000.

A number of other institutional investors have also recently made changes to their positions in the business. Bison Wealth LLC boosted its holdings in Tractor Supply by 356.1% in the fourth 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 in the last quarter. Woodline Partners LP increased its holdings 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 valued at $2,487,000 after acquiring an additional 13,051 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of Tractor Supply by 26.9% during the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer's stock valued at $1,442,000 after acquiring an additional 5,542 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Tractor Supply by 1.2% during the second quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer's stock valued at $16,676,000 after acquiring an additional 3,631 shares in the last quarter. Finally, Glenview Trust co raised its position in shares of Tractor Supply by 36.0% in the 2nd 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 last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Wall Street Analyst Weigh In

TSCO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price 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. Raymond James Financial cut their price target on shares of Tractor Supply from $48.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, July 17th. Telsey Advisory Group decreased their price target on shares of Tractor Supply from $40.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, July 24th. UBS Group set a $33.00 price objective on shares of Tractor Supply and gave the stock a "neutral" rating in a research note on Tuesday, July 14th. Finally, Piper Sandler set a $31.00 price objective on shares of Tractor Supply and gave the company a "neutral" rating in a report on Friday, July 24th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $39.31.

Insider Activity

In other Tractor Supply news, Director Edna Morris bought 1,560 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost 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 of the company's stock, valued at approximately $9,074,116.80. This trade represents a 0.56% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andre J. Hawaux purchased 3,150 shares of the stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the acquisition, the director owned 3,150 shares of the company's stock, valued at $100,264.50. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 20,310 shares of company stock valued at $652,411 in the last ninety days. Insiders own 0.64% of the company's stock.

Tractor Supply Trading Up 1.9%

Tractor Supply stock opened at $35.29 on Wednesday. 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 Company has a 52 week low of $28.36 and a 52 week high of $62.89. The company has a market capitalization of $18.51 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 11.26 and a beta of 0.47. The stock has a 50-day moving average price of $30.99 and a 200 day moving average price of $39.62.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its 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 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 analysts' expectations of $4.58 billion. During the same quarter in the prior year, the company earned $0.81 EPS. Tractor Supply'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. Sell-side analysts anticipate that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Dividend Announcement

The firm also recently disclosed 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 2.7%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply's dividend payout ratio is 50.00%.

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.

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