Empowered Funds LLC Buys 4,582 Shares of Tractor Supply Company $TSCO

Key Points

• Empowered Funds LLC increased its stake in Tractor Supply Company by 7.4%, acquiring an additional 4,582 shares, bringing its total ownership to 66,350 shares valued at approximately $3.66 million.
• Tractor Supply reported a quarterly earnings per share of $0.81, slightly exceeding estimates, with revenue increasing by 4.5% year-over-year to $4.44 billion.
• The stock has received positive attention from analysts, with a consensus rating of "Moderate Buy" and target prices being raised by firms such as Raymond James and Truist Financial.

Empowered Funds LLC raised its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 7.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 66,350 shares of the specialty retailer's stock after purchasing an additional 4,582 shares during the quarter. Empowered Funds LLC's holdings in Tractor Supply were worth $3,656,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GW&K Investment Management LLC lifted its position in Tractor Supply by 89.3% in the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 226 shares during the last quarter. Pacific Center for Financial Services lifted its position in Tractor Supply by 400.0% in the fourth quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 440 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new stake in Tractor Supply in the first quarter valued at approximately $39,000. Smallwood Wealth Investment Management LLC bought a new stake in Tractor Supply in the first quarter valued at approximately $41,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Tractor Supply during the first quarter valued at approximately $41,000. Institutional investors own 98.72% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on TSCO shares. Wall Street Zen upgraded shares of Tractor Supply from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Raymond James Financial reissued an "outperform" rating and set a $65.00 price objective (up from $57.00) on shares of Tractor Supply in a research report on Friday, July 25th. The Goldman Sachs Group reissued a "buy" rating on shares of Tractor Supply in a research report on Friday, July 25th. Truist Financial boosted their price objective 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. Finally, UBS Group boosted their price objective on shares of Tractor Supply from $54.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Thirteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Tractor Supply currently has an average rating of "Moderate Buy" and a consensus price target of $61.80.

Tractor Supply Trading Up 1.0%

NASDAQ TSCO opened at $60.61 on Friday. 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 Company has a twelve month low of $46.85 and a twelve month high of $63.99. The firm has a market capitalization of $32.12 billion, a PE ratio of 29.74, a P/E/G ratio of 3.08 and a beta of 0.76. The stock's 50 day moving average is $59.40 and its 200 day moving average is $54.52.

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

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were paid 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 was Monday, August 25th. Tractor Supply's dividend payout ratio is currently 45.10%.

Insider Transactions at Tractor Supply

In other news, Director Denise L. Jackson sold 1,165 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $58.50, for a total value of $68,152.50. Following the sale, the director directly owned 31,123 shares of the company's stock, valued at approximately $1,820,695.50. This represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $390,112.00. Following the completion of the sale, the executive vice president directly owned 40,142 shares in the company, valued at approximately $2,344,292.80. This represents a 14.27% 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 valued at $12,071,552. 0.65% of the stock is currently owned by corporate insiders.

Tractor Supply Company 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.

Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply Company (NASDAQ:TSCO - Free Report).

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.