Canada Pension Plan Investment Board Raises Stock Holdings in Tractor Supply Company $TSCO

Key Points

• The Canada Pension Plan Investment Board significantly increased its stake in Tractor Supply Company by 304.2% during the first quarter, owning approximately 0.09% of the company, valued at $25.17 million.
• Tractor Supply reported a quarterly EPS of $0.81, exceeding estimates, along with revenues of $4.44 billion, marking a 4.5% increase from the previous year.
• Tractor Supply has been rated as a Buy by the majority of analysts, with recent target price upgrades, indicating a consensus rating of "Moderate Buy" and an average price target of $61.80.

Canada Pension Plan Investment Board lifted its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 304.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 456,730 shares of the specialty retailer's stock after buying an additional 343,740 shares during the quarter. Canada Pension Plan Investment Board owned 0.09% of Tractor Supply worth $25,166,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. APG Asset Management N.V. boosted its stake in shares of Tractor Supply by 33.3% in the first quarter. APG Asset Management N.V. now owns 475,484 shares of the specialty retailer's stock valued at $24,254,000 after buying an additional 118,884 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Tractor Supply by 19.4% during the first quarter. Ameriprise Financial Inc. now owns 2,064,224 shares of the specialty retailer's stock worth $113,745,000 after purchasing an additional 335,563 shares in the last quarter. Bahl & Gaynor Inc. boosted its position in Tractor Supply by 31.0% during the first quarter. Bahl & Gaynor Inc. now owns 177,636 shares of the specialty retailer's stock worth $9,788,000 after purchasing an additional 41,989 shares in the last quarter. FORA Capital LLC boosted its position in Tractor Supply by 434.1% during the fourth quarter. FORA Capital LLC now owns 35,526 shares of the specialty retailer's stock worth $1,885,000 after purchasing an additional 28,875 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Tractor Supply by 7.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 70,944 shares of the specialty retailer's stock worth $3,911,000 after purchasing an additional 5,184 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on TSCO. The Goldman Sachs Group reiterated a "buy" rating on shares of Tractor Supply in a research report on Friday, July 25th. Truist Financial boosted their target price on Tractor Supply from $60.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Evercore ISI boosted their target price on Tractor Supply from $60.00 to $65.00 and gave the stock an "in-line" rating in a research report on Friday, July 25th. Wells Fargo & Company boosted their target price on Tractor Supply from $63.00 to $65.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Finally, Piper Sandler boosted their target price on Tractor Supply from $66.00 to $67.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $61.80.

Insider Buying and Selling

In other news, EVP Colin Yankee sold 6,680 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $58.40, for a total value of $390,112.00. Following the completion of the sale, the executive vice president owned 40,142 shares of the company's stock, valued at $2,344,292.80. This represents a 14.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Denise L. Jackson sold 1,165 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $58.50, for a total value of $68,152.50. Following the completion of the sale, the director directly owned 31,123 shares of the company's stock, valued at $1,820,695.50. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 204,680 shares of company stock valued at $12,071,552. 0.65% of the stock is owned by insiders.

Tractor Supply Trading Down 2.2%

TSCO stock traded down $1.38 during trading on Wednesday, reaching $60.14. 6,107,588 shares of the stock traded hands, compared to its average volume of 3,778,038. The business's 50 day moving average price is $58.51 and its 200-day moving average price is $54.38. 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 $31.87 billion, a PE ratio of 29.51, a P/E/G ratio of 3.17 and a beta of 0.76.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the previous year, the business earned $3.93 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. As a group, sell-side analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Announces Dividend

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

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.