Allianz Asset Management GmbH Sells 67,605 Shares of Tractor Supply Company $TSCO

Allianz Asset Management GmbH cut its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 21.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,303 shares of the specialty retailer's stock after selling 67,605 shares during the period. Allianz Asset Management GmbH's holdings in Tractor Supply were worth $7,912,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. JPL Wealth Management LLC purchased a new position in Tractor Supply during the third quarter valued at $28,000. Reflection Asset Management purchased a new stake in Tractor Supply in the 4th quarter worth $26,000. Core Wealth Advisors LLC purchased a new stake in Tractor Supply in the 4th quarter worth $27,000. Bayban bought a new position in shares of Tractor Supply during the 4th quarter valued at about $28,000. Finally, Valley Wealth Managers Inc. bought a new position in shares of Tractor Supply during the 4th quarter valued at about $32,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, 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 completion of the purchase, the director directly owned 3,150 shares in the company, valued at $100,264.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edna Morris acquired 1,560 shares of Tractor Supply stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the acquisition, the director directly 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 SEC filing for this purchase provides additional information. Insiders have acquired a total of 20,310 shares of company stock worth $652,411 over the last quarter. Company insiders own 0.64% of the company's stock.

Tractor Supply Stock Up 0.9%

Shares of NASDAQ TSCO opened at $35.29 on Wednesday. Tractor Supply Company has a 1 year low of $28.36 and a 1 year high of $60.85. The firm has a 50-day simple moving average of $32.91 and a two-hundred day simple moving average of $36.96. The company has a market cap of $18.51 billion, a P/E ratio of 18.38, a PEG ratio of 3.77 and a beta of 0.48. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the prior year, the company posted $0.81 EPS. The company's quarterly revenue was up 2.3% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Research analysts anticipate that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, August 24th. Tractor Supply's dividend payout ratio is 50.00%.

Wall Street Analyst Weigh In

TSCO has been the topic of several research reports. Raymond James Financial reduced their target price on Tractor Supply from $48.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, July 17th. The Goldman Sachs Group reissued a "buy" rating and set a $38.00 price target (down from $43.00) on shares of Tractor Supply in a research note on Friday, July 24th. DA Davidson cut their price target on Tractor Supply from $50.00 to $40.00 and set a "buy" rating for the company in a report on Monday, June 22nd. TD Cowen reaffirmed a "hold" rating on shares of Tractor Supply in a research note on Wednesday, July 15th. Finally, Weiss Ratings raised Tractor Supply from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 26th. Thirteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Tractor Supply has an average rating of "Hold" and an average price target 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.

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