Corebridge Financial Inc. Cuts Holdings in Tractor Supply Company $TSCO

Key Points

• Corebridge Financial Inc. reduced its stake in Tractor Supply Company by 3.5%, owning 132,679 shares worth $7,311,000 after selling 4,844 shares in the first quarter.
• Several large investors, including APG Asset Management N.V. and Ameriprise Financial Inc., have increased their holdings in Tractor Supply, with APG increasing its stake by 33.3% in the same period.
• Analysts have raised their price targets for Tractor Supply, with JPMorgan Chase setting a target of $65.00 and DA Davidson raising it to $70.00, resulting in a consensus rating of "Moderate Buy."

Corebridge Financial Inc. lessened its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 3.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,679 shares of the specialty retailer's stock after selling 4,844 shares during the period. Corebridge Financial Inc.'s holdings in Tractor Supply were worth $7,311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wedmont Private Capital boosted its holdings in shares of Tractor Supply by 2.5% during 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 shares of Tractor Supply by 30.1% during 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 shares of Tractor Supply by 5.2% during 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 lifted 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 acquiring an additional 226 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of 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 acquiring an additional 233 shares during the last quarter. Institutional investors own 98.72% of the company's stock.

Analysts Set New Price Targets

TSCO has been the subject of a number of analyst reports. Robert W. Baird increased their price target on shares of Tractor Supply from $56.00 to $61.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Telsey Advisory Group set a $70.00 price target on shares of Tractor Supply in a report on Friday, July 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. Piper Sandler increased 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. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $65.00 price target (up previously from $57.00) on shares of Tractor Supply in a report on Friday, July 25th. Thirteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.80.

Tractor Supply Trading Down 0.0%

Shares of NASDAQ:TSCO traded down $0.01 during trading on Tuesday, reaching $61.75. 1,584,802 shares of the company were exchanged, compared to its average volume of 5,476,718. The firm has a market capitalization of $32.72 billion, a PE ratio of 30.27, a P/E/G ratio of 3.17 and a beta of 0.76. The business's fifty day simple moving average is $58.21 and its 200-day simple moving average is $54.29. Tractor Supply Company has a 12-month low of $46.85 and a 12-month 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.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. The business 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 company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $3.93 earnings per share. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. On average, research analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Dividend Announcement

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 dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.5%. Tractor Supply's dividend payout ratio (DPR) is 45.10%.

Insider Buying and Selling at Tractor Supply

In other news, SVP Noni L. Ellison sold 5,200 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $63.96, for a total transaction of $332,592.00. Following the transaction, the senior vice president directly owned 28,639 shares of the company's stock, valued at approximately $1,831,750.44. This trade represents a 15.37% 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, Director Denise L. Jackson sold 4,630 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $55.93, for a total transaction of $258,955.90. Following the transaction, the director directly owned 35,288 shares in the company, valued at approximately $1,973,657.84. This trade represents a 11.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 204,680 shares of company stock valued at $12,071,552. 0.65% of the stock is owned by corporate insiders.

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.