Envestnet Portfolio Solutions Inc. Cuts Stake in Tractor Supply Company $TSCO

Key Points

• Envestnet Portfolio Solutions Inc. reduced its stake in Tractor Supply Company by 28.8% during Q2, now holding 16,153 shares valued at $852,000.
• Several institutional investors, including Wellington Management Group and Vanguard Group, increased their holdings in Tractor Supply during Q1, reflecting a strong interest among hedge funds.
• Analysts have raised their price targets for Tractor Supply, with UBS and Wells Fargo setting new targets of $61.00 and $65.00 respectively, indicating confidence in the company's performance.

Envestnet Portfolio Solutions Inc. trimmed its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 28.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,153 shares of the specialty retailer's stock after selling 6,546 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Tractor Supply were worth $852,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TSCO. Wellington Management Group LLP boosted its holdings in shares of Tractor Supply by 16.0% during the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer's stock valued at $1,521,023,000 after acquiring an additional 3,815,520 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Tractor Supply by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer's stock valued at $3,671,391,000 after acquiring an additional 2,597,450 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Tractor Supply by 10.8% during the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer's stock valued at $1,359,036,000 after acquiring an additional 2,408,373 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Tractor Supply by 14.5% during the 1st 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 acquiring an additional 1,510,489 shares during the last quarter. Finally, Select Equity Group L.P. boosted its holdings in shares of Tractor Supply by 16.8% during the 1st quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer's stock valued at $493,696,000 after acquiring an additional 1,290,771 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Tractor Supply news, Director Denise L. Jackson sold 1,165 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $58.50, for a total transaction of $68,152.50. Following the sale, the director owned 31,123 shares in the company, valued at approximately $1,820,695.50. This trade represents a 3.61% decrease in their position. The transaction 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 firm's stock in a transaction that occurred 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 sale, the executive vice president owned 40,142 shares in the company, valued at approximately $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 a total of 103,045 shares of company stock worth $6,547,257 in the last quarter. 0.65% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TSCO shares. UBS Group raised their price target on shares of Tractor Supply from $54.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Wells Fargo & Company raised their price target on shares of Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Wall Street Zen raised shares of Tractor Supply from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Wolfe Research started coverage on shares of Tractor Supply in a report on Thursday, September 18th. They set an "outperform" rating and a $70.00 price target on the stock. Finally, Citigroup raised shares of Tractor Supply from a "neutral" rating to a "buy" rating and raised their price target for the company from $60.00 to $62.00 in a report on Thursday, October 9th. Fifteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $62.45.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $55.20 on Monday. The firm's 50 day moving average price is $58.63 and its 200-day moving average price is $54.94. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. 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 capitalization of $29.25 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.83 and a beta of 0.73.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings data 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. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The firm had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.40 billion. During the same quarter in the prior year, the business earned $3.93 EPS. The business'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. Equities research analysts expect that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were paid a dividend of $0.23 per share. The ex-dividend date was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. Tractor Supply's dividend payout ratio (DPR) is presently 45.10%.

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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