Candriam S.C.A. Trims Stock Position in Tractor Supply Company $TSCO

Key Points

• Candriam S.C.A. reduced its stake in Tractor Supply Company by 25.4%, selling 38,725 shares to hold a total of 113,948 shares valued at approximately $6.3 million.
• Multiple institutional investors have increased their holdings in Tractor Supply, with GW&K Investment Management LLC notably boosting its stake by 89.3%.
• Wells Fargo & Company raised its target price for Tractor Supply shares from $63.00 to $65.00, reflecting a positive outlook with an "overweight" rating.

Candriam S.C.A. lessened its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 25.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,948 shares of the specialty retailer's stock after selling 38,725 shares during the period. Candriam S.C.A.'s holdings in Tractor Supply were worth $6,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Wedmont Private Capital boosted its holdings in Tractor Supply by 2.5% in the 1st quarter. Wedmont Private Capital now owns 8,714 shares of the specialty retailer's stock valued at $450,000 after purchasing an additional 212 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Tractor Supply by 30.1% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer's stock valued at $51,000 after purchasing an additional 213 shares during the last quarter. Independent Wealth Network Inc. boosted its holdings in Tractor Supply by 5.2% in the 1st quarter. Independent Wealth Network Inc. now owns 4,335 shares of the specialty retailer's stock valued at $239,000 after purchasing an additional 215 shares during 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 last quarter. Finally, Assetmark Inc. boosted its holdings in Tractor Supply by 21.2% in the 1st quarter. Assetmark Inc. now owns 1,331 shares of the specialty retailer's stock valued at $73,000 after purchasing an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

Insider Activity at Tractor Supply

In other Tractor Supply news, Director Denise L. Jackson sold 1,165 shares of the stock in a transaction that occurred 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 represents a 3.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Colin Yankee sold 6,680 shares of the stock in a transaction that occurred 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. This trade represents a 14.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 204,680 shares of company stock worth $12,071,552 over the last 90 days. 0.65% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TSCO has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a report on Friday, July 25th. DA Davidson boosted their target price 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. Guggenheim decreased their target price on shares of Tractor Supply from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group boosted their target price on shares of Tractor Supply from $54.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, Wall Street Zen upgraded shares of Tractor Supply from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Thirteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Tractor Supply presently has an average rating of "Moderate Buy" and an average target price of $61.80.

Tractor Supply Price Performance

Tractor Supply stock opened at $61.00 on Friday. The firm has a market cap of $32.33 billion, a PE ratio of 29.93, a price-to-earnings-growth ratio of 3.14 and a beta of 0.75. Tractor Supply Company has a 52-week low of $46.85 and a 52-week 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. The company's 50 day moving average is $56.83 and its two-hundred day moving average is $53.96.

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

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders 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 yield of 1.5%. Tractor Supply's dividend payout ratio is 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.

Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply Company (NASDAQ:TSCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.