APG Asset Management N.V. Buys 118,884 Shares of Tractor Supply Company $TSCO

Key Points

• APG Asset Management N.V. has increased its holdings in Tractor Supply Company by 33.3%, acquiring an additional 118,884 shares to reach a total of 475,484 shares valued at approximately $24.25 million.
• Several other institutional investors have significantly raised their stakes in Tractor Supply, with some increasing their investments by over 900% in the last quarter, indicating strong institutional interest in the company.
• Tractor Supply recently reported quarterly earnings of $0.81 per share, slightly beating estimates, and announced a quarterly dividend of $0.23, representing an annual yield of 1.5%.

APG Asset Management N.V. increased its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 33.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 475,484 shares of the specialty retailer's stock after buying an additional 118,884 shares during the period. APG Asset Management N.V. owned about 0.09% of Tractor Supply worth $24,254,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TSCO. Bahl & Gaynor Inc. lifted its stake in Tractor Supply by 31.0% in the first quarter. Bahl & Gaynor Inc. now owns 177,636 shares of the specialty retailer's stock valued at $9,788,000 after purchasing an additional 41,989 shares during the last quarter. Groupe la Francaise lifted its holdings in Tractor Supply by 20.1% during the 1st quarter. Groupe la Francaise now owns 88,405 shares of the specialty retailer's stock worth $4,788,000 after purchasing an additional 14,810 shares in the last quarter. Allstate Corp grew its holdings in Tractor Supply by 25.3% during the 1st quarter. Allstate Corp now owns 20,021 shares of the specialty retailer's stock valued at $1,103,000 after buying an additional 4,046 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Tractor Supply by 1.5% in the first quarter. Kestra Advisory Services LLC now owns 163,816 shares of the specialty retailer's stock worth $9,026,000 after buying an additional 2,462 shares in the last quarter. Finally, Compound Planning Inc. grew its stake in Tractor Supply by 43.6% during the first quarter. Compound Planning Inc. now owns 5,503 shares of the specialty retailer's stock valued at $303,000 after acquiring an additional 1,672 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TSCO shares. Telsey Advisory Group set a $70.00 price target on shares of Tractor Supply in a research report on Friday, July 25th. Raymond James Financial reissued an "outperform" rating and issued a $65.00 price target (up previously from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. DA Davidson upped their target price on shares of Tractor Supply from $65.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Piper Sandler lifted their price target on Tractor Supply from $66.00 to $67.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, Truist Financial raised their price objective on Tractor Supply from $60.00 to $66.00 and gave the company a "buy" rating in a report on Friday, July 25th. Thirteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.80.

Insider Activity

In other news, 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 completion of the transaction, the executive vice president directly owned 40,142 shares in the company, valued at $2,344,292.80. This trade represents a 14.27% decrease in their ownership of the stock. 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 4,630 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $55.93, for a total transaction of $258,955.90. Following the completion of the transaction, the director owned 35,288 shares in the company, valued at approximately $1,973,657.84. The trade was a 11.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 204,680 shares of company stock valued at $12,071,552. 0.65% of the stock is currently owned by insiders.

Tractor Supply Trading Up 0.4%

Tractor Supply stock traded up $0.27 during mid-day trading on Thursday, reaching $62.65. 3,708,318 shares of the company traded hands, compared to its average volume of 5,502,434. The firm's 50 day moving average price is $57.65 and its 200 day moving average price is $54.19. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99. 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 firm has a market capitalization of $33.20 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 3.17 and a beta of 0.75.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. The business had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The business's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.93 EPS. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. On average, analysts anticipate that Tractor Supply Company will post 2.17 earnings per share 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. Stockholders of record on Monday, August 25th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 25th. Tractor Supply's dividend payout ratio (DPR) is presently 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.