Cullen Investment Group LTD. Acquires Shares of 6,675 Tractor Supply Company $TSCO

Key Points

• Cullen Investment Group LTD. acquired 6,675 shares of Tractor Supply Company, valuing their stake at approximately $352,000.
• Institutional investors own 98.72% of Tractor Supply's stock, with several large firms, including Vanguard Group and Wellington Management Group, increasing their stakes significantly in the first quarter.
• A number of analysts have raised their price targets for Tractor Supply shares, with an average rating of "Moderate Buy" and a projected price target of $61.80.

Cullen Investment Group LTD. acquired a new stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,675 shares of the specialty retailer's stock, valued at approximately $352,000.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake 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 valued at $3,671,391,000 after buying an additional 2,597,450 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Tractor Supply by 16.0% during the first quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer's stock valued at $1,521,023,000 after purchasing an additional 3,815,520 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Tractor Supply by 10.8% during the first quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer's stock valued at $1,359,036,000 after purchasing an additional 2,408,373 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Tractor Supply by 14.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer's stock valued at $657,214,000 after purchasing an additional 1,510,489 shares in the last quarter. Finally, Select Equity Group L.P. lifted its position in shares of Tractor Supply by 16.8% during the first quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer's stock valued at $493,696,000 after purchasing an additional 1,290,771 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Evercore ISI raised their price target on shares of Tractor Supply from $60.00 to $65.00 and gave the company an "in-line" rating in a research report on Friday, July 25th. Truist Financial raised their price target on shares of Tractor Supply from $60.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Wells Fargo & Company lifted their price objective on shares of Tractor Supply from $63.00 to $65.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Raymond James Financial reaffirmed an "outperform" rating and issued a $65.00 price objective (up previously from $57.00) on shares of Tractor Supply in a research report on Friday, July 25th. Finally, Loop Capital lifted their price objective on shares of Tractor Supply from $48.00 to $60.00 and gave the stock a "hold" rating in a research 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $61.80.

Insider Activity at Tractor Supply

In related news, SVP Noni L. Ellison sold 5,200 shares of the business'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 completion of the transaction, the senior vice president owned 28,639 shares of the company's stock, valued at approximately $1,831,750.44. The trade was a 15.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Colin Yankee sold 6,680 shares of the stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders have sold 204,680 shares of company stock valued at $12,071,552 in the last quarter. 0.65% of the stock is currently owned by company insiders.

Tractor Supply Price Performance

TSCO opened at $60.61 on Friday. The company has a market capitalization of $32.12 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 3.08 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. The firm has a 50-day moving average price of $59.40 and a 200-day moving average price of $54.51. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99.

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

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 annualized dividend and a yield of 1.5%. Tractor Supply's payout ratio is currently 45.10%.

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.

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.