Covea Finance Raises Stake in Tractor Supply Company $TSCO

Key Points

• Covea Finance increased its stake in Tractor Supply Company by 36.7%, resulting in ownership of 173,587 shares valued at approximately $9.16 million as of the end of the last quarter.
• Tractor Supply reported a 4.5% year-over-year increase in quarterly revenue, achieving $4.44 billion with an earnings per share (EPS) of $0.81, surpassing analysts' expectations.
• The company declared a quarterly dividend of $0.23 per share, reflecting a 1.6% dividend yield and an annualized rate of $0.92.

Covea Finance lifted its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 36.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 173,587 shares of the specialty retailer's stock after buying an additional 46,587 shares during the quarter. Covea Finance's holdings in Tractor Supply were worth $9,160,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TSCO. Bison Wealth LLC raised its stake in shares of Tractor Supply by 356.1% during the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer's stock worth $341,000 after buying an additional 5,017 shares during the last quarter. Woodline Partners LP acquired a new position in shares of Tractor Supply during the 4th quarter worth $1,702,000. Voloridge Investment Management LLC raised its stake in shares of Tractor Supply by 249.3% during the 4th quarter. Voloridge Investment Management LLC now owns 139,766 shares of the specialty retailer's stock worth $7,416,000 after buying an additional 99,757 shares during the last quarter. GTS Securities LLC raised its stake in Tractor Supply by 1,950.2% in the 4th quarter. GTS Securities LLC now owns 4,237 shares of the specialty retailer's stock valued at $225,000 after purchasing an additional 4,466 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Tractor Supply by 391.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 247,417 shares of the specialty retailer's stock valued at $13,128,000 after purchasing an additional 197,049 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Tractor Supply Stock Performance

Shares of TSCO opened at $58.14 on Tuesday. The business's 50 day moving average is $59.65 and its two-hundred day moving average is $54.68. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99. The firm has a market cap of $30.81 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.06 and a beta of 0.76. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its 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 company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same period in the prior year, the company posted $3.93 EPS. Tractor Supply's quarterly revenue was up 4.5% on a year-over-year basis. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. Analysts forecast that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, August 25th. Tractor Supply's dividend payout ratio is currently 45.10%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TSCO. 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 research note on Friday, July 25th. Piper Sandler lifted their price target on Tractor Supply from $66.00 to $67.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Evercore ISI lifted their price target on Tractor Supply from $60.00 to $65.00 and gave the company an "in-line" rating in a report on Friday, July 25th. Wolfe Research assumed coverage on Tractor Supply in a report on Thursday, September 18th. They issued an "outperform" rating and a $70.00 price target for the company. Finally, Raymond James Financial restated 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 investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Tractor Supply presently has an average rating of "Moderate Buy" and a consensus price target of $62.15.

Insider Buying and Selling at Tractor Supply

In related news, EVP Jonathan S. Estep sold 35,825 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $56.00, for a total transaction of $2,006,200.00. Following the sale, the executive vice president directly owned 74,605 shares of the company's stock, valued at approximately $4,177,880. This represents a 32.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kurt D. Barton sold 90,000 shares of the company'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 value of $5,756,400.00. Following the sale, the chief financial officer directly owned 47,715 shares in the company, valued at approximately $3,051,851.40. This represents a 65.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 148,050 shares of company stock worth $9,070,162. 0.65% of the stock is owned by insiders.

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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