BI Asset Management Fondsmaeglerselskab A S Raises Stake in Tractor Supply Company $TSCO

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Tractor Supply Company by 622% during Q1, holding 155,739 shares valued at approximately $8.58 million.
• Analysts have upgraded their ratings for Tractor Supply, with Piper Sandler raising the target price from $66 to $67 and UBS Group from $54 to $61, reflecting positive sentiment around the company's performance.
• The company announced a quarterly dividend of $0.23 per share, with an upcoming payment date of September 9, marking an annualized yield of 1.5%.

BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 622.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 155,739 shares of the specialty retailer's stock after buying an additional 134,169 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Tractor Supply were worth $8,581,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Coppell Advisory Solutions LLC grew its stake in shares of Tractor Supply by 944.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 425 shares during the period. GW&K Investment Management LLC increased its holdings in shares of 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 in the last quarter. Dunhill Financial LLC increased its holdings in shares of 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 in the last quarter. Pacific Center for Financial Services increased its holdings in shares of 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 in the last quarter. Finally, LRI Investments LLC increased its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TSCO. Mizuho cut their price target on shares of Tractor Supply from $62.00 to $58.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Truist Financial increased their price target on shares of Tractor Supply from $60.00 to $66.00 and gave the company a "buy" rating in a report on Friday, July 25th. Telsey Advisory Group set a $70.00 price target on shares of Tractor Supply in a report on Friday, July 25th. Loop Capital increased their price target on shares of Tractor Supply from $48.00 to $60.00 and gave the company a "hold" rating in a report on Friday, July 25th. Finally, DA Davidson increased their price target on shares of Tractor Supply from $65.00 to $70.00 and gave the company a "buy" rating in a report on Friday, July 25th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $61.80.

Insider Buying and Selling at Tractor Supply

In other news, Director Denise L. Jackson sold 1,165 shares of Tractor Supply stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $58.50, for a total transaction of $68,152.50. Following the completion of the sale, the director directly owned 31,123 shares in the company, valued at $1,820,695.50. The trade was a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Colin Yankee sold 6,680 shares of Tractor Supply stock in a transaction dated 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 of the company's stock, valued at approximately $2,344,292.80. This trade represents a 14.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 204,680 shares of company stock valued at $12,071,552. Corporate insiders own 0.65% of the company's stock.

Tractor Supply Price Performance

NASDAQ:TSCO traded up $0.61 during mid-day trading on Friday, hitting $61.61. 3,230,182 shares of the company's stock traded hands, compared to its average volume of 4,697,547. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28. The firm's 50 day simple moving average is $57.03 and its 200 day simple moving average is $54.01. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The company has a market cap of $32.65 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 3.13 and a beta of 0.75.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its earnings results 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. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same period last year, the firm posted $3.93 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. Sell-side analysts expect that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Dividend Announcement

The company also recently declared 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. 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 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.