Kingsview Wealth Management LLC Buys Shares of 57,904 Tractor Supply Company $TSCO

Kingsview Wealth Management LLC purchased a new position in Tractor Supply Company (NASDAQ:TSCO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 57,904 shares of the specialty retailer’s stock, valued at approximately $1,830,000.

Other large investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Tractor Supply during the 2nd quarter valued at $1,500,967,000. Norges Bank purchased a new position in Tractor Supply during the 4th quarter worth $303,862,000. Select Equity Group L.P. increased its position in Tractor Supply by 41.9% during the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after buying an additional 3,753,414 shares in the last quarter. Legal & General Group Plc acquired a new position in Tractor Supply during the 2nd quarter valued at about $110,137,000. Finally, Bank of America Corp DE purchased a new stake in Tractor Supply in the second quarter valued at about $105,502,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III bought 15,600 shares of Tractor Supply stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average price of $32.15 per share, with a total value of $501,540.00. Following the completion of the acquisition, the chief executive officer directly owned 15,600 shares in the company, valued at approximately $501,540. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andre J. Hawaux bought 3,150 shares of Tractor Supply stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average cost of $31.83 per share, with a total value of $100,264.50. Following the acquisition, the director owned 3,150 shares of the company’s stock, valued at $100,264.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 20,310 shares of company stock worth $652,411 over the last 90 days. 0.64% of the stock is currently owned by company insiders.

Tractor Supply Trading Up 0.1%

Tractor Supply stock opened at $34.72 on Friday. The stock has a 50-day moving average price of $32.31 and a 200 day moving average price of $38.02. The company has a market capitalization of $18.21 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 11.29 and a beta of 0.47. Tractor Supply Company has a 52 week low of $28.36 and a 52 week high of $62.87. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly 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 return on equity of 41.74% and a net margin of 6.42%.The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same quarter last year, the company posted $0.81 EPS. Tractor Supply’s quarterly 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. Sell-side analysts anticipate that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be paid a $0.24 dividend. The ex-dividend date is 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 is presently 50.00%.

Analysts Set New Price Targets

Several brokerages have weighed in on TSCO. Wolfe Research set a $34.00 price target on Tractor Supply in a report on Thursday, July 16th. Mizuho set a $28.00 price objective on shares of Tractor Supply and gave the company a “neutral” rating in a research report on Friday, July 24th. Weiss Ratings upgraded shares of Tractor Supply from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. 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. Finally, Evercore restated an “outperform” rating and set a $40.00 price target on shares of Tractor Supply in a research note on Tuesday, July 7th. Thirteen equities research 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 MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $39.31.

Tractor Supply Company Profile

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.