Tractor Supply Company $TSCO Shares Bought by Credit Agricole S A

Key Points

• Credit Agricole S A increased its holdings in Tractor Supply Company by 7.3% during the first quarter, owning 138,442 shares valued at approximately $7.63 million as of its latest SEC filing.
• Several institutional investors significantly increased their stakes in Tractor Supply, with Price T Rowe Associates Inc. growing its stake by 287.6% in the fourth quarter, bringing their total to over 10 million shares.
• Tractor Supply announced a quarterly dividend of $0.23 per share, with an ex-dividend date set for August 25th, representing a 1.5% dividend yield based on an annualized payout of $0.92.

Credit Agricole S A boosted its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 138,442 shares of the specialty retailer's stock after purchasing an additional 9,371 shares during the period. Credit Agricole S A's holdings in Tractor Supply were worth $7,628,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TSCO. Guggenheim Capital LLC grew its position in Tractor Supply by 381.5% during the 4th quarter. Guggenheim Capital LLC now owns 11,632 shares of the specialty retailer's stock worth $617,000 after purchasing an additional 9,216 shares during the last quarter. GeoWealth Management LLC raised its position in Tractor Supply by 411.7% during the fourth quarter. GeoWealth Management LLC now owns 4,314 shares of the specialty retailer's stock worth $229,000 after acquiring an additional 3,471 shares during the period. Forum Financial Management LP grew its position in shares of Tractor Supply by 415.4% in the fourth quarter. Forum Financial Management LP now owns 3,860 shares of the specialty retailer's stock valued at $205,000 after purchasing an additional 3,111 shares during the period. MML Investors Services LLC raised its position in shares of Tractor Supply by 417.0% in the fourth quarter. MML Investors Services LLC now owns 84,723 shares of the specialty retailer's stock valued at $4,495,000 after buying an additional 68,334 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Tractor Supply by 400.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,255 shares of the specialty retailer's stock valued at $67,000 after buying an additional 1,004 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Stock Up 1.0%

Tractor Supply stock traded up $0.61 during trading on Friday, reaching $61.61. The stock had a trading volume of 3,230,182 shares, compared to its average volume of 4,479,594. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99. The business has a 50 day moving average price of $57.03 and a 200 day moving average price of $54.02. 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 stock has a market cap of $32.65 billion, a PE ratio of 30.23, a P/E/G ratio of 3.16 and a beta of 0.75.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly 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. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The company 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 firm earned $3.93 earnings per share. The firm'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. On average, analysts predict that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on TSCO shares. Wells Fargo & Company increased their target price on shares of Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Wall Street Zen raised shares of Tractor Supply from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Robert W. Baird raised their price objective on shares of Tractor Supply from $56.00 to $61.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Truist Financial raised their price objective on shares of Tractor Supply from $60.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Evercore ISI raised their price objective on shares of Tractor Supply from $60.00 to $65.00 and gave the company an "in-line" rating in a research note on Friday, July 25th. Thirteen 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, Tractor Supply currently has an average rating of "Moderate Buy" and a consensus target price of $61.80.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 90,000 shares of Tractor Supply stock in a transaction 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 transaction, the chief financial officer directly owned 47,715 shares of the company's stock, valued at $3,051,851.40. The trade was a 65.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Colin Yankee sold 6,680 shares of Tractor Supply 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 transaction, the executive vice president directly owned 40,142 shares in the company, valued at $2,344,292.80. The trade was a 14.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 204,680 shares of company stock worth $12,071,552. Corporate insiders own 0.65% of the company's stock.

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.