Tractor Supply Company $TSCO Shares Purchased by Wedmont Private Capital

Key Points

• Wedmont Private Capital increased its Tractor Supply stake by 684.2% in the second quarter, owning 63,308 shares valued at approximately $1.93 million. Institutional investors and hedge funds collectively own 98.72% of the company.
• Company insiders also bought shares, including CEO Harry Lawton’s purchase of 15,600 shares and Director Edna Morris’s purchase of 1,560 shares. Insiders purchased 20,310 shares worth about $652,411 over the past quarter.
• Tractor Supply reported quarterly revenue of $4.54 billion and EPS of $0.81, slightly below analyst expectations, while revenue rose 2.3% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $39.31, and the company declared a quarterly dividend of $0.24 per share.

Wedmont Private Capital raised its position in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 684.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,308 shares of the specialty retailer's stock after purchasing an additional 55,235 shares during the quarter. Wedmont Private Capital's holdings in Tractor Supply were worth $1,926,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. HB Wealth Management LLC raised its holdings in shares of Tractor Supply by 64.6% in the 2nd quarter. HB Wealth Management LLC now owns 39,244 shares of the specialty retailer's stock valued at $1,241,000 after buying an additional 15,402 shares during the period. Saudi Central Bank boosted its holdings in Tractor Supply by 88.8% during the 2nd quarter. Saudi Central Bank now owns 36,821 shares of the specialty retailer's stock valued at $1,164,000 after acquiring an additional 17,317 shares during the period. NBH Bank acquired a new position in Tractor Supply in the 2nd quarter valued at about $219,000. AlphaGrep UK Ltd acquired a new position in Tractor Supply in the 2nd quarter valued at about $372,000. Finally, Baypointe Partners LLC increased its stake in Tractor Supply by 7.1% during the second quarter. Baypointe Partners LLC now owns 21,429 shares of the specialty retailer's stock worth $677,000 after purchasing an additional 1,429 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Harry A. Lawton III purchased 15,600 shares of Tractor Supply stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 15,600 shares in the company, valued at approximately $501,540. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edna Morris acquired 1,560 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was bought at an average price of $32.44 per share, with a total value of $50,606.40. Following the purchase, the director directly owned 279,720 shares of the company's stock, valued at $9,074,116.80. This represents a 0.56% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 20,310 shares of company stock valued at $652,411. 0.64% of the stock is owned by corporate insiders.

Tractor Supply Stock Performance

Shares of TSCO opened at $34.99 on Tuesday. The stock has a 50-day simple moving average of $32.84 and a 200-day simple 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 Company has a 1 year low of $28.36 and a 1 year high of $60.87. The stock has a market capitalization of $18.35 billion, a PE ratio of 18.22, a PEG ratio of 3.77 and a beta of 0.48.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share 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 analyst estimates of $4.58 billion. During the same period last year, the business earned $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. On average, analysts predict that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders 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 dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, August 24th. Tractor Supply's dividend payout ratio (DPR) is 50.00%.

Analyst Ratings Changes

TSCO has been the topic of several research reports. Morgan Stanley reissued a "negative" rating and set a $35.00 price target on shares of Tractor Supply in a research report on Friday, July 24th. Loop Capital dropped their price objective on shares of Tractor Supply from $41.00 to $35.00 and set a "hold" rating for the company in a report on Tuesday, June 16th. Mizuho set a $28.00 target price on shares of Tractor Supply and gave the stock a "neutral" rating in a research note on Friday, July 24th. UBS Group set a $33.00 target price on shares of Tractor Supply and gave the stock a "neutral" rating in a report on Tuesday, July 14th. Finally, Wall Street Zen downgraded shares of Tractor Supply from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. Thirteen investment 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. According to 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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