Wedbush Securities Inc. Raises Stock Holdings in Tractor Supply Company $TSCO

Wedbush Securities Inc. boosted its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 552.3% during the second quarter, Holdings Channel.com reports. The firm owned 49,039 shares of the specialty retailer’s stock after purchasing an additional 41,521 shares during the quarter. Wedbush Securities Inc.’s holdings in Tractor Supply were worth $1,550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSCO. Garner Asset Management Corp purchased a new stake in shares of Tractor Supply during the fourth quarter valued at about $25,000. Elevation Wealth Partners LLC boosted its holdings in shares of Tractor Supply by 1,253.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 727 shares in the last quarter. Reflection Asset Management purchased a new position in shares of Tractor Supply in the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Tractor Supply in the 2nd quarter worth approximately $26,000. Finally, Core Wealth Advisors LLC bought a new position in shares of Tractor Supply during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 0.5%

NASDAQ:TSCO opened at $34.90 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $62.87. The company has a market cap of $18.30 billion, a PE ratio of 18.18, a P/E/G ratio of 11.29 and a beta of 0.47. The company’s 50 day moving average is $32.41 and its two-hundred day moving average is $37.77.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly 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). Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The company had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same period in the prior year, the business posted $0.81 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors 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 yield of 2.8%. Tractor Supply’s dividend payout ratio (DPR) is 50.00%.

Insider Buying and Selling

In other news, Director Edna Morris purchased 1,560 shares of the company’s stock in a transaction 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 purchase, the director owned 279,720 shares in the company, valued at $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andre J. Hawaux acquired 3,150 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was purchased at an average cost of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the acquisition, the director directly owned 3,150 shares of the company’s stock, valued at approximately $100,264.50. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 20,310 shares of company stock worth $652,411 in the last 90 days. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

TSCO has been the subject of a number of analyst reports. Telsey Advisory Group decreased their target price on shares of Tractor Supply from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $38.00 price target (down from $43.00) on shares of Tractor Supply in a report on Friday, July 24th. Mizuho set a $28.00 price target on Tractor Supply and gave the stock a “neutral” rating in a research report on Friday, July 24th. Weiss Ratings upgraded Tractor Supply from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 26th. Finally, Robert W. Baird lowered their price objective on Tractor Supply from $50.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Thirteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.