Simplicity Wealth LLC Invests $1.81 Million in Tractor Supply Company $TSCO

Key Points

• Simplicity Wealth LLC acquired 57,233 Tractor Supply shares worth approximately $1.81 million in the second quarter. Institutional investors collectively own 98.72% of the company.
• Tractor Supply insiders purchased 20,310 shares valued at $652,411 over the past 90 days, including purchases by CEO Harry A. Lawton III and Director Edna Morris.
• The stock recently traded at $35.83 after quarterly results slightly missed estimates, while analysts maintain a consensus “Hold” rating with an average price target of $39.31; the company also declared a $0.24 quarterly dividend.

Simplicity Wealth LLC bought a new stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 57,233 shares of the specialty retailer's stock, valued at approximately $1,809,000.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Tractor Supply in the fourth quarter valued at approximately $303,862,000. Select Equity Group L.P. raised its holdings in Tractor Supply by 41.9% during the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer's stock worth $670,887,000 after purchasing an additional 3,753,414 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Tractor Supply in the second quarter worth approximately $91,772,000. Invesco Ltd. lifted its position in Tractor Supply by 18.4% in the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer's stock worth $871,855,000 after purchasing an additional 2,706,819 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Tractor Supply by 37.1% during the 4th quarter. Franklin Resources Inc. now owns 7,705,579 shares of the specialty retailer's stock valued at $385,356,000 after purchasing an additional 2,086,472 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Insiders Place Their Bets

In related news, Director Edna Morris purchased 1,560 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the acquisition, the director owned 279,720 shares in the company, valued at $9,074,116.80. This trade represents a 0.56% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Harry A. Lawton III purchased 15,600 shares of the stock in a transaction dated Tuesday, August 4th. The shares were 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 owned 15,600 shares in the company, valued at $501,540. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 20,310 shares of company stock worth $652,411. 0.64% of the stock is currently owned by company insiders.

Tractor Supply Stock Performance

Tractor Supply stock opened at $35.83 on Monday. The firm's 50 day simple moving average is $31.39 and its 200-day simple moving average is $39.23. The company has a market cap of $18.79 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 11.66 and a beta of 0.47. 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 fifty-two week low of $28.36 and a fifty-two week high of $62.89.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued 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 firm had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same quarter last year, the company posted $0.81 EPS. 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. As a group, equities research analysts predict 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. Investors of record on Monday, August 24th will be paid a $0.24 dividend. 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 is currently 50.00%.

Analyst Ratings Changes

A number of analysts have recently commented on TSCO shares. Wall Street Zen downgraded Tractor Supply from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. DA Davidson reduced their price objective on shares of Tractor Supply from $50.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, June 22nd. Wells Fargo & Company lowered their price objective on shares of Tractor Supply from $47.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 15th. Evercore reiterated an "outperform" rating and issued a $40.00 target price on shares of Tractor Supply in a report on Tuesday, July 7th. Finally, Barclays set a $35.00 target price on shares of Tractor Supply and gave the company an "equal weight" rating in a research note on Monday, July 13th. Thirteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of "Hold" and an average 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.

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