Wellington Management Group LLP Decreases Stake in Tractor Supply Company $TSCO

Key Points

• Wellington Management cut its Tractor Supply stake by 54.8% in the second quarter, selling 230,486 shares and retaining 190,284 shares valued at approximately $6.0 million. Institutional investors collectively own 98.72% of TSCO.
• Analyst sentiment is mixed: TSCO has an overall “Hold” consensus rating and a $39.31 average price target, while individual targets range from $35 to $50.
• Tractor Supply’s latest quarterly results slightly missed expectations, with EPS of $0.81 versus $0.82 expected and revenue of $4.54 billion versus $4.58 billion forecast. The company maintains a quarterly dividend of $0.24 per share, equivalent to a 2.8% annualized yield.

Wellington Management Group LLP trimmed its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 54.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 190,284 shares of the specialty retailer's stock after selling 230,486 shares during the period. Wellington Management Group LLP's holdings in Tractor Supply were worth $6,015,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TSCO. JPL Wealth Management LLC purchased a new stake in shares of Tractor Supply in the 3rd quarter valued at approximately $28,000. Reflection Asset Management acquired a new stake in shares of Tractor Supply in the 4th quarter valued at $26,000. Core Wealth Advisors LLC purchased a new stake in shares of Tractor Supply during the 4th quarter worth $27,000. Bayban purchased a new stake in shares of Tractor Supply during the 4th quarter worth $28,000. Finally, Valley Wealth Managers Inc. acquired a new position in shares of Tractor Supply during the fourth quarter worth $32,000. Institutional investors and hedge funds own 98.72% of the company's stock.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of analyst reports. Evercore restated an "outperform" rating and issued a $40.00 price target on shares of Tractor Supply in a research note on Tuesday, July 7th. Loop Capital lowered their price objective on Tractor Supply from $41.00 to $35.00 and set a "hold" rating for the company in a research report on Tuesday, June 16th. Zacks Research downgraded Tractor Supply from a "hold" rating to a "strong sell" rating in a report on Monday, July 13th. Gordon Haskett raised their target price on Tractor Supply from $40.00 to $50.00 in a research report on Friday, June 12th. Finally, Argus set a $41.00 target price on Tractor Supply in a research note on Tuesday, July 28th. Thirteen investment 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 data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $39.31.

Insider Activity at Tractor Supply

In other Tractor Supply news, Director Andre Hawaux purchased 3,150 shares of the firm'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 directly owned 3,150 shares in the company, valued at approximately $100,264.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Harry Lawton, III acquired 15,600 shares of the stock in a transaction on Tuesday, August 4th. The shares were acquired at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the transaction, the chief executive officer directly owned 15,600 shares in the company, valued at $501,540. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 20,310 shares of company stock worth $652,411 in the last 90 days. 0.64% of the stock is owned by insiders.

Tractor Supply Stock Down 3.7%

TSCO opened at $34.00 on Thursday. Tractor Supply Company has a one year low of $28.36 and a one year high of $60.85. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. The stock has a market capitalization of $17.83 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 3.81 and a beta of 0.48. The business's 50-day simple moving average is $32.94 and its 200-day simple moving average is $36.84.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its earnings results 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 firm had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Analysts anticipate that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were given a dividend of $0.24 per share. The ex-dividend date was Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.8%. Tractor Supply's dividend payout ratio (DPR) is 50.00%.

About Tractor Supply

Tractor Supply Company NASDAQ: TSCO is a specialty retailer serving the needs of recreational farmers, ranchers, homeowners, pet owners and other customers who live a rural lifestyle. The company operates Tractor Supply stores across the United States, offering products designed for agriculture, home improvement, outdoor living and animal care.

Its merchandise includes livestock and pet supplies, agricultural and lawn-and-garden equipment, tools, hardware, fencing, workwear, footwear, outdoor power equipment, seasonal goods and home products.

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