Bahl & Gaynor Inc. Increases Stake in Tractor Supply Company $TSCO

Key Points

• Bahl & Gaynor Inc. increased its stake in Tractor Supply Company by 31.0%, owning 177,636 shares valued at approximately $9.79 million as of the latest SEC filing.
• Recent analyst upgrades have increased price targets for Tractor Supply, with DA Davidson raising it from $65.00 to $70.00 and maintaining a "buy" rating on the stock.
• Tractor Supply reported a quarterly earnings of $0.81 per share, surpassing expectations of $0.80, alongside revenues of $4.44 billion for the quarter.

Bahl & Gaynor Inc. lifted its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 31.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,636 shares of the specialty retailer's stock after purchasing an additional 41,989 shares during the period. Bahl & Gaynor Inc.'s holdings in Tractor Supply were worth $9,788,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TSCO. Coppell Advisory Solutions LLC grew its stake in Tractor Supply by 944.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock valued at $25,000 after buying an additional 425 shares in the last quarter. GW&K Investment Management LLC boosted its holdings in Tractor Supply by 89.3% in the 1st 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 period. Dunhill Financial LLC boosted its holdings in Tractor Supply by 325.8% in the 4th quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 391 shares during the period. Pacific Center for Financial Services boosted its holdings in Tractor Supply by 400.0% in the 4th quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 440 shares during the period. Finally, LRI Investments LLC boosted its holdings in Tractor Supply by 400.0% in the 4th quarter. LRI Investments LLC now owns 615 shares of the specialty retailer's stock valued at $33,000 after purchasing an additional 492 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tractor Supply

In other Tractor Supply news, Director Denise L. Jackson sold 4,630 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $55.93, for a total value of $258,955.90. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Colin Yankee sold 6,680 shares of the business's stock in a transaction dated Monday, July 28th. The shares were 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 owned 40,142 shares in the company, valued at $2,344,292.80. The trade was a 14.27% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 204,680 shares of company stock valued at $12,071,552. Company insiders own 0.65% of the company's stock.

Tractor Supply Trading Up 0.4%

Tractor Supply stock traded up $0.27 during mid-day trading on Thursday, hitting $62.65. The company's stock had a trading volume of 3,594,134 shares, compared to its average volume of 5,492,120. 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 stock has a market cap of $33.20 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 3.17 and a beta of 0.75. The business has a 50 day moving average price of $57.65 and a 200-day moving average price of $54.19. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99.

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

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th will be given a $0.23 dividend. The ex-dividend date is Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.5%. Tractor Supply's payout ratio is presently 45.10%.

Analysts Set New Price Targets

Several brokerages have commented on TSCO. Piper Sandler raised their price target on shares of Tractor Supply from $66.00 to $67.00 and gave the company an "overweight" rating in a report on Friday, July 25th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Tractor Supply in a report on Friday, July 25th. Truist Financial lifted their price objective on shares of Tractor Supply from $60.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, July 25th. JPMorgan Chase & Co. lifted their price objective on shares of Tractor Supply from $56.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Wells Fargo & Company lifted their price objective on shares of Tractor Supply from $63.00 to $65.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Thirteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.80.

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.