Kingsview Wealth Management LLC Invests $1.83 Million in Tractor Supply Company $TSCO

Key Points

• Kingsview Wealth Management opened a $1.83 million position in Tractor Supply, purchasing 57,904 shares in the second quarter. Institutional investors collectively own 98.72% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $39.31 average price target. CEO Harry Lawton and Director Edna Morris also bought shares, contributing to $652,411 in insider purchases over the past three months.
• Tractor Supply’s latest quarterly results narrowly missed expectations, with $0.81 adjusted EPS and $4.54 billion in revenue, while revenue increased 2.3% year over year. The company declared a $0.24 quarterly dividend, yielding approximately 2.8% annually.

Kingsview Wealth Management LLC purchased a new position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 57,904 shares of the specialty retailer's stock, valued at approximately $1,830,000.

Other hedge funds also recently added to or reduced their stakes in the company. Advyzon Investment Management LLC boosted its position in shares of Tractor Supply by 4.3% during the fourth quarter. Advyzon Investment Management LLC now owns 4,462 shares of the specialty retailer's stock valued at $223,000 after buying an additional 183 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Tractor Supply by 22.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,190 shares of the specialty retailer's stock valued at $63,000 after buying an additional 220 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of Tractor Supply by 0.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 56,698 shares of the specialty retailer's stock worth $2,835,000 after buying an additional 222 shares during the period. Larson Financial Group LLC raised its holdings in shares of Tractor Supply by 10.0% in the fourth quarter. Larson Financial Group LLC now owns 2,477 shares of the specialty retailer's stock worth $124,000 after buying an additional 225 shares during the period. Finally, TD Private Client Wealth LLC lifted its stake in shares of Tractor Supply by 11.6% during the 4th quarter. TD Private Client Wealth LLC now owns 2,201 shares of the specialty retailer's stock worth $110,000 after acquiring an additional 228 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TSCO has been the subject of a number of recent analyst reports. Argus set a $41.00 price objective on Tractor Supply in a report on Tuesday, July 28th. Wall Street Zen lowered Tractor Supply from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. Wells Fargo & Company decreased their target price 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. Mizuho set a $28.00 target price on shares of Tractor Supply and gave the company a "neutral" rating in a research note on Friday, July 24th. Finally, Morgan Stanley restated a "negative" rating and issued a $35.00 price target on shares of Tractor Supply in a report on Friday, July 24th. Thirteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $39.31.

Insider Activity

In related news, CEO Harry A. Lawton III purchased 15,600 shares of Tractor Supply stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $32.15 per share, with a total value of $501,540.00. Following the transaction, the chief executive officer owned 15,600 shares in the company, valued at approximately $501,540. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edna Morris purchased 1,560 shares of Tractor Supply stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $32.44 per share, with a total value of $50,606.40. Following the completion of the transaction, the director owned 279,720 shares in the company, valued at approximately $9,074,116.80. This represents a 0.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 20,310 shares of company stock worth $652,411. 0.64% of the stock is currently owned by company insiders.

Tractor Supply Stock Up 0.1%

NASDAQ:TSCO opened at $34.72 on Friday. 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 Company has a 1-year low of $28.36 and a 1-year high of $62.87. The company has a 50-day moving average of $32.31 and a 200 day moving average of $38.02. The firm has a market cap of $18.21 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 11.29 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. The company's revenue for the quarter 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. As a group, research analysts anticipate that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business 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. This represents a $0.96 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply's dividend payout ratio (DPR) is 50.00%.

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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