Western Wealth Management LLC Acquires Shares of 21,912 Tractor Supply Company $TSCO

Western Wealth Management LLC bought a new position in Tractor Supply Company (NASDAQ:TSCO) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 21,912 shares of the specialty retailer’s stock, valued at approximately $993,000.

Several other institutional investors and hedge funds have also made changes to their positions in TSCO. Garner Asset Management Corp purchased a new stake in shares of Tractor Supply during the fourth quarter valued at $25,000. Reflection Asset Management purchased a new position in Tractor Supply in the 4th quarter worth about $26,000. Core Wealth Advisors LLC bought a new stake in Tractor Supply during the 4th quarter valued at about $27,000. Bayban bought a new stake in Tractor Supply during the 4th quarter valued at about $28,000. Finally, JPL Wealth Management LLC purchased a new stake in Tractor Supply in the 3rd quarter valued at about $28,000. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $30.77 on Monday. 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 company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 10.01 and a beta of 0.47. The company’s 50-day simple moving average is $30.58 and its two-hundred day simple moving average is $40.48. Tractor Supply Company has a one year low of $28.36 and a one year high of $62.89.

Tractor Supply (NASDAQ:TSCO) last posted 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 business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. The company’s revenue for the quarter 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. Equities analysts forecast that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a yield of 3.1%. Tractor Supply’s payout ratio is 50.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays set a $35.00 target price on shares of Tractor Supply and gave the stock an “equal weight” rating in a research note on Monday, July 13th. Raymond James Financial decreased their price target on shares of Tractor Supply from $48.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Robert W. Baird lowered their price target on Tractor Supply from $50.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, July 20th. TD Cowen reissued a “hold” rating on shares of Tractor Supply in a research note on Wednesday, July 15th. Finally, Citigroup restated a “buy” rating on shares of Tractor Supply in a report on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tractor Supply 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.