Allspring Global Investments Holdings LLC Has $6.01 Million Position in Tractor Supply Company $TSCO

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Tractor Supply Company (TSCO) by 56.6% during Q2, now holding 111,118 shares valued at approximately $6 million.
• Tractor Supply reported a Q2 EPS of $0.81, exceeding analysts' expectations, and a year-over-year revenue increase of 4.5%, bringing total revenue to $4.44 billion.
• The company announced a quarterly dividend of $0.23 per share, with a dividend yield of 1.7% and a payout ratio of 45.10%.

Allspring Global Investments Holdings LLC lifted its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 56.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,118 shares of the specialty retailer's stock after purchasing an additional 40,174 shares during the period. Allspring Global Investments Holdings LLC's holdings in Tractor Supply were worth $6,009,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GW&K Investment Management LLC boosted 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 acquiring an additional 226 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in Tractor Supply in the second quarter valued at approximately $35,000. Financial Gravity Asset Management Inc. bought a new position in Tractor Supply in the first quarter valued at approximately $39,000. Smallwood Wealth Investment Management LLC bought a new position in Tractor Supply in the first quarter valued at approximately $41,000. Finally, Zions Bancorporation National Association UT bought a new position in Tractor Supply in the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 98.72% of the company's stock.

Tractor Supply Trading Up 0.1%

Shares of NASDAQ TSCO opened at $55.20 on Monday. The company's fifty day moving average is $58.63 and its 200-day moving average is $54.94. The stock has a market cap of $29.25 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 2.83 and a beta of 0.73. Tractor Supply Company has a twelve month low of $46.85 and a twelve month 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 quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.40 billion. During the same period last year, the business posted $3.93 earnings per share. The firm's quarterly revenue was up 4.5% on a year-over-year basis. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. Equities research analysts predict that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, August 25th. Tractor Supply's dividend payout ratio (DPR) is presently 45.10%.

Insider Activity at Tractor Supply

In related news, Director Denise L. Jackson sold 1,165 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $58.50, for a total transaction of $68,152.50. Following the sale, the director directly owned 31,123 shares in the company, valued at $1,820,695.50. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Colin Yankee sold 6,680 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $58.40, for a total transaction of $390,112.00. Following the sale, the executive vice president owned 40,142 shares in the company, valued at approximately $2,344,292.80. The trade was a 14.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 103,045 shares of company stock valued at $6,547,257. Insiders own 0.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Evercore ISI reduced their price objective on shares of Tractor Supply from $65.00 to $60.00 and set an "in-line" rating on the stock in a research note on Tuesday, October 7th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $70.00 price objective on shares of Tractor Supply in a research note on Friday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Tractor Supply 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. Finally, Robert W. Baird lifted their price target on shares of Tractor Supply from $56.00 to $61.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Fifteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $62.45.

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.

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