Sachetta LLC decreased its stake in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) by 36.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,480 shares of the specialty retailer’s stock after selling 850 shares during the period. Sachetta LLC’s holdings in Tractor Supply were worth $78,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Tractor Supply by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock worth $3,671,391,000 after buying an additional 2,597,450 shares in the last quarter. Wellington Management Group LLP lifted its position in Tractor Supply by 16.0% during 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 buying an additional 3,815,520 shares in the last quarter. Alliancebernstein L.P. lifted its position in Tractor Supply by 10.8% during the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock worth $1,359,036,000 after buying an additional 2,408,373 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position 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 buying an additional 1,510,489 shares in the last quarter. Finally, Select Equity Group L.P. lifted its position 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 buying an additional 1,290,771 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Bank of America upgraded shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Thursday, July 24th. Robert W. Baird upped their target price on shares of Tractor Supply from $56.00 to $61.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. DA Davidson upped their target price on shares of Tractor Supply from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Wells Fargo & Company upped their target price on shares of Tractor Supply from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, Truist Financial upped their target price on shares of Tractor Supply from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $61.90.
Insider Activity at Tractor Supply
In other news, CFO Kurt D. Barton sold 90,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 47,715 shares of the company’s stock, valued at $3,051,851.40. This trade represents a 65.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Denise L. Jackson sold 1,165 shares of the firm’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $58.50, for a total transaction of $68,152.50. Following the transaction, the director directly owned 31,123 shares of the company’s stock, valued at $1,820,695.50. This represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,045 shares of company stock valued at $6,662,757. Corporate insiders own 0.65% of the company’s stock.
Tractor Supply Stock Performance
Shares of TSCO stock opened at $53.71 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16. The stock has a market cap of $28.46 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 2.80 and a beta of 0.73. The stock has a 50-day moving average of $59.28 and a 200-day moving average of $54.91. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last announced its 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 the consensus estimate of $4.40 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the company posted $3.93 EPS. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. As a group, sell-side analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.
Tractor Supply Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, August 25th. Tractor Supply’s dividend payout ratio (DPR) is 45.10%.
Tractor Supply Profile
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.
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