Wealthfront Advisers LLC Purchases Shares of 48,719 Tractor Supply Company $TSCO

Key Points

• Wealthfront Advisers acquired 48,719 Tractor Supply shares worth approximately $1.54 million in the second quarter. Institutional investors and hedge funds collectively own 98.72% of TSCO.
• Tractor Supply’s latest quarterly results slightly missed expectations, with EPS of $0.81 versus $0.82 forecast and revenue of $4.54 billion versus $4.58 billion expected. Revenue nevertheless increased 2.3% year over year.
• Analyst sentiment is mixed, with an overall “Hold” consensus and an average price target of $39.31; the company also declared a quarterly dividend of $0.24 per share, yielding approximately 2.7% annually.

Wealthfront Advisers LLC acquired a new position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,719 shares of the specialty retailer's stock, valued at approximately $1,540,000.

A number of other hedge funds have also recently made changes to their positions in the business. JPL Wealth Management LLC bought a new stake in shares of Tractor Supply during the third quarter worth about $28,000. Garner Asset Management Corp purchased a new stake in shares of Tractor Supply in the fourth quarter worth approximately $25,000. Reflection Asset Management purchased a new stake in shares of Tractor Supply in the fourth quarter worth approximately $26,000. Core Wealth Advisors LLC bought a new position in shares of Tractor Supply in the fourth quarter valued at approximately $27,000. Finally, Bayban purchased a new position in shares of Tractor Supply during the fourth quarter valued at approximately $28,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Edna Morris acquired 1,560 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the purchase, the director owned 279,720 shares in the company, valued at approximately $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andre J. Hawaux acquired 3,150 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the purchase, the director owned 3,150 shares of the company's stock, valued at $100,264.50. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 20,310 shares of company stock valued at $652,411. 0.64% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on TSCO. Morgan Stanley restated a "negative" rating and set a $35.00 price objective on shares of Tractor Supply in a research note on Friday, July 24th. Raymond James Financial dropped 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 report on Friday, July 17th. Evercore restated an "outperform" rating and set a $40.00 price target on shares of Tractor Supply in a report on Tuesday, July 7th. Wall Street Zen downgraded shares of Tractor Supply from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. Finally, Guggenheim set a $40.00 price objective on shares of Tractor Supply and gave the company a "buy" rating in a research note on Friday, July 24th. Thirteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $39.31.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $35.05 on Friday. The company has a market capitalization of $18.38 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 11.53 and a beta of 0.47. The company's 50-day moving average is $31.75 and its 200 day moving average is $38.72. 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 fifty-two week low of $28.36 and a fifty-two week high of $62.89.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The company had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, equities research analysts forecast that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Dividend Announcement

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