Congress Asset Management Co. Increases Stake in Tractor Supply Company $TSCO

Key Points

• Congress Asset Management Co. increased its stake in Tractor Supply Company by 2.1%, owning 1,024,470 shares valued at approximately $54 million.
• Multiple hedge funds, including Vanguard Group and Wellington Management Group, have also boosted their positions in Tractor Supply, highlighting increased institutional interest.
• Tractor Supply recently reported earnings of $0.81 per share, beating estimates, while announcing a quarterly dividend of $0.23, representing an annual yield of 1.6%.

Congress Asset Management Co. raised its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,024,470 shares of the specialty retailer's stock after buying an additional 20,588 shares during the period. Congress Asset Management Co. owned about 0.19% of Tractor Supply worth $54,061,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Tractor Supply by 4.1% in the first quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer's stock worth $3,671,391,000 after purchasing an additional 2,597,450 shares during the period. Wellington Management Group LLP boosted its position in shares of Tractor Supply by 16.0% in the first quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer's stock worth $1,521,023,000 after purchasing an additional 3,815,520 shares during the period. Alliancebernstein L.P. boosted its position in shares of Tractor Supply by 10.8% in the first quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer's stock worth $1,359,036,000 after purchasing an additional 2,408,373 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Tractor Supply by 14.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer's stock worth $657,214,000 after purchasing an additional 1,510,489 shares during the period. Finally, Select Equity Group L.P. boosted its position in shares of Tractor Supply by 16.8% in the first quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer's stock worth $493,696,000 after purchasing an additional 1,290,771 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Denise L. Jackson sold 1,165 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $58.50, for a total value of $68,152.50. Following the sale, the director owned 31,123 shares of the company's stock, valued at approximately $1,820,695.50. This represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Colin Yankee sold 6,680 shares of the stock in a transaction on 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 sale, the executive vice president directly owned 40,142 shares in the company, valued at approximately $2,344,292.80. This represents a 14.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,050 shares of company stock valued at $9,070,162. 0.65% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSCO. Wall Street Zen upgraded shares of Tractor Supply from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Piper Sandler upped their target price on shares of Tractor Supply from $66.00 to $67.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Evercore ISI upped their target price on shares of Tractor Supply from $60.00 to $65.00 and gave the stock an "in-line" rating in a research report on Friday, July 25th. Bank of America upgraded shares of Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 target price for the company in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Tractor Supply in a research report on Friday, July 25th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Tractor Supply has a consensus rating of "Moderate Buy" and an average price target of $62.15.

Tractor Supply Price Performance

TSCO stock opened at $56.42 on Friday. 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 has a fifty day simple moving average of $59.71 and a two-hundred day simple moving average of $54.72. The firm has a market capitalization of $29.90 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 2.95 and a beta of 0.76.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 EPS 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 business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter last year, the business earned $3.93 earnings per share. Tractor Supply'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. Analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 annualized dividend and a dividend yield of 1.6%. Tractor Supply's dividend payout ratio is currently 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.

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