Gabelli Funds LLC Sells 4,500 Shares of Tractor Supply Company $TSCO

Key Points

• Gabelli Funds LLC reduced its stake in Tractor Supply Company by 3.8%, selling 4,500 shares, which leaves them with a total of 113,000 shares valued at approximately $6.23 million.
• Several institutional investors, including Wedmont Private Capital and Creative Financial Designs Inc. ADV, have increased their holdings in the company during the same quarter, reflecting strong institutional interest.
• Tractor Supply has received numerous positive upgrades from analysts, including a target price increase to $70.00 by Telsey Advisory Group, indicating bullish sentiment on the stock's future performance.

Gabelli Funds LLC reduced its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 113,000 shares of the specialty retailer's stock after selling 4,500 shares during the period. Gabelli Funds LLC's holdings in Tractor Supply were worth $6,226,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wedmont Private Capital grew its position in shares of Tractor Supply by 2.5% in the 1st quarter. Wedmont Private Capital now owns 8,714 shares of the specialty retailer's stock valued at $450,000 after buying an additional 212 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Tractor Supply by 30.1% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer's stock valued at $51,000 after acquiring an additional 213 shares during the last quarter. Independent Wealth Network Inc. grew its stake in shares of Tractor Supply by 5.2% during the 1st quarter. Independent Wealth Network Inc. now owns 4,335 shares of the specialty retailer's stock valued at $239,000 after buying an additional 215 shares during the period. GW&K Investment Management LLC boosted its position in Tractor Supply by 89.3% during the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 226 shares during the period. Finally, Assetmark Inc. increased its stake in Tractor Supply by 21.2% during the 1st quarter. Assetmark Inc. now owns 1,331 shares of the specialty retailer's stock worth $73,000 after buying an additional 233 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Stock Performance

Shares of TSCO traded down $0.13 during midday trading on Tuesday, reaching $61.63. 1,748,984 shares of the stock were exchanged, compared to its average volume of 5,477,126. The company has a market cap of $32.66 billion, a P/E ratio of 30.25, a PEG ratio of 3.17 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. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The stock's 50 day simple moving average is $58.21 and its 200 day simple moving average is $54.29.

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 analysts' consensus estimates 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 analyst estimates of $4.40 billion. During the same quarter in the previous year, the company posted $3.93 EPS. Tractor Supply's quarterly revenue 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. On average, sell-side analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, August 25th will be paid 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 payout ratio is currently 45.10%.

Analyst Ratings Changes

TSCO has been the topic of a number of research reports. Loop Capital increased their target price on shares of Tractor Supply from $48.00 to $60.00 and gave the stock a "hold" rating in a report on Friday, July 25th. Truist Financial increased their price objective on Tractor Supply from $60.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Wells Fargo & Company boosted their price target on Tractor Supply from $63.00 to $65.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped their price target on Tractor Supply from $56.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Raymond James Financial reissued an "outperform" rating and issued a $65.00 target price (up from $57.00) on shares of Tractor Supply in a 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $61.80.

Insider Buying and Selling

In other news, EVP Jonathan S. Estep sold 56,630 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $53.00, for a total transaction of $3,001,390.00. Following the completion of the sale, the executive vice president owned 74,605 shares of the company's stock, valued at approximately $3,954,065. This represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Colin Yankee sold 6,680 shares of the firm's 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 sale, the executive vice president directly 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 sold 204,680 shares of company stock valued at $12,071,552 in the last three months. Insiders own 0.65% of the company's stock.

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.