Wellington Management Group LLP Cuts Stock Position in Tractor Supply Company $TSCO

Wellington Management Group LLP trimmed its position in Tractor Supply Company (NASDAQ:TSCO) by 54.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TSCO. Elevation Wealth Partners LLC raised its holdings in Tractor Supply by 1,253.4% during the second quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 727 shares in the last quarter. Reflection Asset Management purchased a new stake in Tractor Supply in the 4th quarter valued at approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in Tractor Supply during the 2nd quarter worth approximately $26,000. Core Wealth Advisors LLC acquired a new position in Tractor Supply during the 4th quarter worth approximately $27,000. Finally, Community Financial Services Group LLC raised its stake in shares of Tractor Supply by 3,240.0% during the 2nd quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer’s stock worth $27,000 after buying an additional 810 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Trading Down 3.7%

NASDAQ:TSCO opened at $34.00 on Thursday. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $60.85. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $32.94 and a 200-day simple moving average of $36.84. The company has a market capitalization of $17.83 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 3.81 and a beta of 0.48.

Tractor Supply (NASDAQ:TSCO) last posted its 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). The business had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, equities research analysts expect that Tractor Supply Company will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

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

Analyst Upgrades and Downgrades

TSCO has been the subject of several recent analyst reports. Gordon Haskett raised their price target on Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. Argus set a $41.00 target price on Tractor Supply in a report on Tuesday, July 28th. Mizuho set a $28.00 target price on shares of Tractor Supply and gave the stock a “neutral” rating in a research report on Friday, July 24th. Weiss Ratings raised shares of Tractor Supply from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 26th. Finally, Truist Financial set a $32.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a report on Tuesday, June 16th. Thirteen 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $39.31.

Insider Buying and Selling

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

Tractor Supply Company Profile

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.