Allianz Asset Management GmbH Cuts Stock Position in Tractor Supply Company $TSCO

Key Points

• Allianz Asset Management GmbH reduced its stake in Tractor Supply Company by 3.0%, owning 818,425 shares valued at approximately $43.19 million after selling 25,096 shares.
• Insider transactions included CFO Kurt D. Barton selling 90,000 shares for over $5.75 million, marking a 65.35% decrease in his ownership.
• Recent analyst ratings for Tractor Supply Company show a consensus of "Moderate Buy" with an average price target of $62.45, reflecting bullish sentiment from multiple firms.

Allianz Asset Management GmbH lessened its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 818,425 shares of the specialty retailer's stock after selling 25,096 shares during the period. Allianz Asset Management GmbH owned 0.15% of Tractor Supply worth $43,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GW&K Investment Management LLC grew its stake in Tractor Supply by 89.3% in the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 226 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Tractor Supply in the second quarter worth about $35,000. Financial Gravity Asset Management Inc. acquired a new stake in Tractor Supply in the first quarter worth about $39,000. Zions Bancorporation National Association UT acquired a new stake in Tractor Supply in the first quarter worth about $41,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in Tractor Supply in the first quarter worth about $41,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 90,000 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value 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 approximately $3,051,851.40. The trade was a 65.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Denise L. Jackson sold 1,165 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $58.50, for a total value of $68,152.50. Following the completion of the transaction, the director directly owned 31,123 shares of the company's stock, valued at $1,820,695.50. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,045 shares of company stock valued at $6,547,257. Insiders own 0.65% of the company's stock.

Wall Street Analyst Weigh In

TSCO has been the subject of several recent analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of Tractor Supply in a report on Wednesday, October 8th. Wells Fargo & Company raised their price target on Tractor Supply from $63.00 to $65.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Robert W. Baird raised their price target on Tractor Supply from $56.00 to $61.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Citigroup raised Tractor Supply from a "neutral" rating to a "buy" rating and raised their price target for the stock from $60.00 to $62.00 in a report on Thursday, October 9th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $70.00 price target on shares of Tractor Supply in a report on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $62.45.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $55.20 on Friday. The business's 50 day moving average price is $58.63 and its 200 day moving average price is $54.96. The firm has a market cap of $29.25 billion, a P/E ratio of 27.09, a P/E/G ratio of 2.83 and a beta of 0.73. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99. 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 issued its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.Tractor Supply's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.93 earnings per share. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. On average, 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 declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. Tractor Supply's payout ratio is presently 45.10%.

Tractor Supply Company 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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