Farther Finance Advisors LLC Acquires 17,212 Shares of Tractor Supply Company $TSCO

Key Points

• Farther Finance Advisors LLC increased its stake in Tractor Supply Company by 82.8%, acquiring an additional 17,212 shares, bringing their total to 38,004 shares valued at $2,005,000.
• Institutional investors now hold 98.72% of Tractor Supply's stock, with notable increases from firms like Wellington Management and Vanguard Group.
• Tractor Supply reported earnings of $0.81 EPS for the last quarter, exceeding expectations, with revenue reaching $4.44 billion, a 4.5% increase year-over-year.

Farther Finance Advisors LLC grew its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 82.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,004 shares of the specialty retailer's stock after purchasing an additional 17,212 shares during the quarter. Farther Finance Advisors LLC's holdings in Tractor Supply were worth $2,005,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in 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 acquiring an additional 3,815,520 shares in the last quarter. Vanguard Group Inc. grew 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 valued at $3,671,391,000 after acquiring an additional 2,597,450 shares in the last quarter. Alliancebernstein L.P. grew its stake in 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 acquiring an additional 2,408,373 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in 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 acquiring an additional 1,510,489 shares in the last quarter. Finally, Select Equity Group L.P. grew its stake in 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 acquiring an additional 1,290,771 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on TSCO. Bank of America raised shares of Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 price objective for the company in a research note on Thursday, July 24th. 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 note on Friday, July 25th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Tractor Supply in a research note on Friday, July 25th. DA Davidson raised their target price on shares of Tractor Supply from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Tractor Supply from $56.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Thirteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $62.15.

Insiders Place Their Bets

In related news, SVP Noni L. Ellison sold 5,200 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 $332,592.00. Following the sale, the senior vice president owned 28,639 shares in the company, valued at $1,831,750.44. The trade was a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 sale, the executive vice president owned 40,142 shares in the company, valued at approximately $2,344,292.80. This trade represents a 14.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 148,050 shares of company stock valued at $9,070,162 over the last quarter. 0.65% of the stock is owned by company insiders.

Tractor Supply Stock Down 2.5%

Shares of NASDAQ TSCO opened at $58.14 on Tuesday. 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 52 week low of $46.85 and a 52 week high of $63.99. The firm's fifty day moving average is $59.65 and its 200 day moving average is $54.68. The company has a market cap of $30.81 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.06 and a beta of 0.76.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued 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 net margin of 7.18% and a return on equity of 46.83%. The company 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 firm earned $3.93 earnings per share. The firm's revenue for the quarter 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 research analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were issued a $0.23 dividend. The ex-dividend date was Monday, August 25th. This represents a $0.92 annualized dividend and a yield of 1.6%. Tractor Supply's payout ratio is 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.

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