Tractor Supply Company $TSCO Shares Purchased by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its ownership of Tractor Supply Company by 3.2%, acquiring an additional 70,623 shares, bringing its total to 2,265,441 shares valued at approximately $124.8 million.
• Tractor Supply Company reported earnings of $0.81 per share for the latest quarter, exceeding analyst expectations, with a revenue of $4.44 billion, marking a year-over-year increase of 4.5%.
• The company recently declared a quarterly dividend of $0.23 per share, translating to an annual yield of 1.5%, with a payout ratio of 45.10%.

Goldman Sachs Group Inc. lifted its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,265,441 shares of the specialty retailer's stock after purchasing an additional 70,623 shares during the quarter. Goldman Sachs Group Inc. owned about 0.43% of Tractor Supply worth $124,826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. APG Asset Management N.V. increased its holdings in shares of Tractor Supply by 33.3% in the first quarter. APG Asset Management N.V. now owns 475,484 shares of the specialty retailer's stock valued at $24,254,000 after purchasing an additional 118,884 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Tractor Supply by 19.4% in the first quarter. Ameriprise Financial Inc. now owns 2,064,224 shares of the specialty retailer's stock valued at $113,745,000 after purchasing an additional 335,563 shares during the last quarter. Bahl & Gaynor Inc. increased its holdings in shares of Tractor Supply by 31.0% in the first quarter. Bahl & Gaynor Inc. now owns 177,636 shares of the specialty retailer's stock valued at $9,788,000 after purchasing an additional 41,989 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Tractor Supply by 7.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 70,944 shares of the specialty retailer's stock valued at $3,911,000 after purchasing an additional 5,184 shares during the last quarter. Finally, Sowell Financial Services LLC increased its stake in Tractor Supply by 49.3% during the first quarter. Sowell Financial Services LLC now owns 20,029 shares of the specialty retailer's stock worth $1,104,000 after acquiring an additional 6,612 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 90,000 shares of Tractor Supply stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $63.96, for a total transaction of $5,756,400.00. Following the completion of the sale, the chief financial officer directly owned 47,715 shares of the company's stock, valued at $3,051,851.40. The trade was a 65.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Noni L. Ellison sold 5,200 shares of Tractor Supply stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $332,592.00. Following the sale, the senior vice president directly owned 28,639 shares of the company's stock, valued at $1,831,750.44. This trade represents a 15.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 204,680 shares of company stock worth $12,071,552 over the last three months. Company insiders own 0.65% of the company's stock.

Tractor Supply Stock Up 1.0%

TSCO traded up $0.59 on Friday, hitting $60.61. 4,395,306 shares of the company were exchanged, compared to its average volume of 3,834,423. The company has a market cap of $32.12 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 3.08 and a beta of 0.76. The company has a current ratio of 1.28, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $59.40 and a two-hundred day moving average price of $54.51. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.Tractor Supply's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.93 EPS. 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 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, August 25th. Tractor Supply's payout ratio is 45.10%.

Analysts Set New Price Targets

Several research firms have issued reports on TSCO. Truist Financial raised their target price on Tractor Supply from $60.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their target price on Tractor Supply from $56.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Evercore ISI raised their target price on Tractor Supply from $60.00 to $65.00 and gave the stock an "in-line" rating in a research note on Friday, July 25th. Piper Sandler raised their target price on Tractor Supply from $66.00 to $67.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Tractor Supply in a research note on Friday, July 25th. Thirteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $61.80.

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.