Marks Group Wealth Management Inc Buys 6,958 Shares of Tractor Supply Company $TSCO

Marks Group Wealth Management Inc increased its stake in Tractor Supply Company (NASDAQ:TSCO) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,608 shares of the specialty retailer’s stock after purchasing an additional 6,958 shares during the period. Marks Group Wealth Management Inc’s holdings in Tractor Supply were worth $8,528,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Tractor Supply by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock worth $3,671,391,000 after purchasing an additional 2,597,450 shares during the last quarter. Wellington Management Group LLP raised its position in Tractor Supply by 16.0% in the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock worth $1,521,023,000 after purchasing an additional 3,815,520 shares during the last quarter. Alliancebernstein L.P. raised its position in Tractor Supply by 10.8% in the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock worth $1,359,036,000 after purchasing an additional 2,408,373 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Tractor Supply by 14.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer’s stock worth $657,214,000 after acquiring an additional 1,510,489 shares during the period. Finally, Select Equity Group L.P. grew its holdings in Tractor Supply by 16.8% during the 1st quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer’s stock worth $493,696,000 after acquiring an additional 1,290,771 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Down 0.7%

Shares of NASDAQ:TSCO opened at $55.83 on Monday. The company’s 50-day moving average price is $59.45 and its two-hundred day moving average price is $54.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99. The stock has a market capitalization of $29.59 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 2.86 and a beta of 0.73.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.80 by $0.01. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.40 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.93 EPS. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. On average, equities analysts forecast that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, August 25th. Tractor Supply’s dividend payout ratio is presently 45.10%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TSCO shares. Telsey Advisory Group set a $70.00 target price on shares of Tractor Supply in a report on Friday, July 25th. Truist Financial boosted their price target on shares of Tractor Supply from $60.00 to $66.00 and gave the company a “buy” rating in a report on Friday, July 25th. UBS Group boosted their price target on shares of Tractor Supply from $54.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Loop Capital boosted their price target on shares of Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a report on Friday, July 25th. Finally, Bank of America raised shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 price target for the company in a report on Thursday, July 24th. Fourteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.15.

Insider Activity

In other news, SVP Noni L. Ellison sold 5,200 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $63.96, for a total value of $332,592.00. Following the sale, the senior vice president directly owned 28,639 shares of the company’s stock, valued at approximately $1,831,750.44. This represents a 15.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kurt D. Barton sold 90,000 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $63.96, for a total transaction of $5,756,400.00. Following the completion of the sale, the chief financial officer directly owned 47,715 shares in the company, valued at approximately $3,051,851.40. The trade was a 65.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,045 shares of company stock valued at $6,719,757 in the last 90 days. 0.65% of the stock is owned by company insiders.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.