Adage Capital Partners GP L.L.C. Raises Stock Position in Tractor Supply Company $TSCO

Key Points

• Adage Capital Partners GP L.L.C. increased its stock position in Tractor Supply Company by 44.0%, holding 535,000 shares valued at approximately $29.5 million.
• Tractor Supply recently reported a Q2 EPS of $0.81, exceeding analysts' expectations, with quarterly revenue rising 4.5% year-over-year.
• The company announced a quarterly dividend of $0.23, representing an annual yield of 1.5%, with the payment date set for September 9th.

Adage Capital Partners GP L.L.C. grew its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 44.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 535,000 shares of the specialty retailer's stock after acquiring an additional 163,400 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.10% of Tractor Supply worth $29,478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Promethium Advisors LLC raised its stake in shares of Tractor Supply by 30.9% during the first quarter. Promethium Advisors LLC now owns 31,845 shares of the specialty retailer's stock valued at $1,755,000 after acquiring an additional 7,510 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its stake in shares of Tractor Supply by 5.1% during the first quarter. Federation des caisses Desjardins du Quebec now owns 46,390 shares of the specialty retailer's stock valued at $2,557,000 after acquiring an additional 2,261 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Tractor Supply during the first quarter valued at about $3,775,000. Royal Bank of Canada raised its stake in shares of Tractor Supply by 2.9% during the first quarter. Royal Bank of Canada now owns 1,855,836 shares of the specialty retailer's stock valued at $102,256,000 after acquiring an additional 53,035 shares during the last quarter. Finally, ICW Investment Advisors LLC raised its stake in shares of Tractor Supply by 4.8% during the first quarter. ICW Investment Advisors LLC now owns 6,521 shares of the specialty retailer's stock valued at $359,000 after acquiring an additional 301 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of research reports. Bank of America raised shares of Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 price target for the company in a research note on Thursday, July 24th. Wells Fargo & Company increased their price target on shares of Tractor Supply from $63.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Wall Street Zen raised shares of Tractor Supply from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Raymond James Financial reissued an "outperform" rating and issued a $65.00 price target (up from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Tractor Supply in a research note on Friday, July 25th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.80.

Tractor Supply Stock Down 0.2%

Shares of NASDAQ TSCO traded down $0.12 on Friday, reaching $60.52. 3,211,804 shares of the company's stock traded hands, compared to its average volume of 3,968,003. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The business's 50 day simple moving average is $58.87 and its two-hundred day simple moving average is $54.40. The company has a market cap of $32.07 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 3.11 and a beta of 0.76. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter last year, the firm earned $3.93 earnings per share. The business's revenue for the quarter was up 4.5% on a year-over-year basis. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. As a group, equities research analysts forecast that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.5%. Tractor Supply's dividend payout ratio (DPR) is currently 45.10%.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 90,000 shares of the 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 sale, the chief financial officer owned 47,715 shares in the company, valued at $3,051,851.40. This represents a 65.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Colin Yankee sold 6,680 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $58.40, for a total transaction of $390,112.00. Following the sale, the executive vice president directly owned 40,142 shares of the company's stock, valued at $2,344,292.80. This trade represents a 14.27% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 204,680 shares of company stock valued at $12,071,552. 0.65% of the stock is currently owned by company insiders.

About Tractor Supply

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.