12,728 Shares in Tractor Supply Company $TSCO Purchased by DoubleLine ETF Adviser LP

Key Points

• DoubleLine ETF Adviser LP acquired a new stake in Tractor Supply Company, purchasing 12,728 shares valued at approximately $701,000 during the 1st quarter.
• Tractor Supply recently reported earnings per share of $0.81, exceeding analysts' expectations, with revenues reaching $4.44 billion for the quarter.
• The company declared a quarterly dividend of $0.23 per share, reflecting an annualized yield of 1.5%, to be paid on September 9th.

DoubleLine ETF Adviser LP acquired a new stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 12,728 shares of the specialty retailer's stock, valued at approximately $701,000.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Tractor Supply by 4.1% during the first quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer's stock worth $3,671,391,000 after buying an additional 2,597,450 shares during the last quarter. Wellington Management Group LLP grew its holdings in 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. grew its holdings in 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 grew its holdings in 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. grew its holdings in Tractor Supply by 405.6% in the fourth quarter. Select Equity Group L.P. now owns 7,669,224 shares of the specialty retailer's stock worth $406,929,000 after purchasing an additional 6,152,333 shares during the period. Institutional investors own 98.72% of the company's stock.

Tractor Supply Stock Down 0.2%

Shares of NASDAQ TSCO traded down $0.12 during midday trading on Friday, hitting $60.52. The company's stock had a trading volume of 3,211,804 shares, compared to its average volume of 3,968,003. The business's fifty day simple moving average is $58.87 and its two-hundred day simple moving average is $54.38. The firm has a market capitalization of $32.07 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 3.11 and a beta of 0.76. Tractor Supply Company has a 1 year low of $46.85 and a 1 year 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 announced its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, beating 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 business had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.40 billion. During the same period in the previous year, the company posted $3.93 EPS. The company'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, equities analysts predict that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders 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 yield of 1.5%. The ex-dividend date is Monday, August 25th. Tractor Supply's dividend payout ratio is currently 45.10%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TSCO shares. Truist Financial lifted their price objective 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. Wells Fargo & Company boosted their price objective on shares of Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Evercore ISI increased their target price on shares of Tractor Supply from $60.00 to $65.00 and gave the company an "in-line" rating in a report on Friday, July 25th. JPMorgan Chase & Co. raised their price target on shares of Tractor Supply from $56.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, DA Davidson boosted their price objective on shares of Tractor Supply from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Thirteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $61.80.

Insider Activity at Tractor Supply

In related news, SVP Noni L. Ellison sold 5,200 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $332,592.00. Following the completion of the transaction, the senior vice president owned 28,639 shares in the company, valued at $1,831,750.44. This trade represents a 15.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Denise L. Jackson sold 4,630 shares of Tractor Supply stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $55.93, for a total value of $258,955.90. Following the sale, the director owned 35,288 shares of the company's stock, valued at approximately $1,973,657.84. This represents a 11.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 204,680 shares of company stock worth $12,071,552. 0.65% of the stock is currently 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.