Graham Capital Management L.P. Makes New Investment in Tractor Supply Company $TSCO

Key Points

• Graham Capital Management has made a new investment of approximately $2.95 million in Tractor Supply Company, acquiring 53,483 shares in the first quarter.
• Several institutional investors are increasing their stakes in Tractor Supply, with notable increases from GW&K Investment Management (+89.3%) and Dunhill Financial (+325.8%).
• The company recently reported a quarterly earnings per share (EPS) of $0.81, exceeding analyst expectations, and announced a dividend of $0.23 per share with a yield of 1.5%.

Graham Capital Management L.P. bought a new position in Tractor Supply Company (NASDAQ:TSCO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 53,483 shares of the specialty retailer's stock, valued at approximately $2,947,000.

Other large investors have also added to or reduced their stakes in the company. GW&K Investment Management LLC boosted its stake in Tractor Supply by 89.3% in 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. Dunhill Financial LLC raised its holdings in shares of Tractor Supply by 325.8% during the 4th quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock valued at $27,000 after buying an additional 391 shares in the last quarter. Pacific Center for Financial Services increased its stake in Tractor Supply by 400.0% in the 4th quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 440 shares during the period. LRI Investments LLC increased its stake in Tractor Supply by 400.0% in the 4th quarter. LRI Investments LLC now owns 615 shares of the specialty retailer's stock worth $33,000 after purchasing an additional 492 shares during the period. Finally, Financial Gravity Asset Management Inc. purchased a new position in Tractor Supply in the 1st quarter worth approximately $39,000. Institutional investors own 98.72% of the company's stock.

Tractor Supply Price Performance

Tractor Supply stock traded down $1.38 during midday trading on Wednesday, reaching $60.14. 6,107,588 shares of the stock traded hands, compared to its average volume of 3,778,038. The stock's fifty day moving average is $58.51 and its 200-day moving average is $54.38. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The stock has a market cap of $31.87 billion, a P/E ratio of 29.51, 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 (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, beating 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 company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same period in the prior year, the company earned $3.93 earnings per share. The firm's 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. As a group, equities research analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 25th. Tractor Supply's dividend payout ratio (DPR) is presently 45.10%.

Insiders Place Their Bets

In other news, EVP Colin Yankee sold 6,680 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Denise L. Jackson sold 1,165 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 31,123 shares in the company, valued at approximately $1,820,695.50. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 204,680 shares of company stock worth $12,071,552. 0.65% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TSCO shares. Loop Capital boosted their target price on Tractor Supply from $48.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on Tractor Supply from $56.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. 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. DA Davidson boosted their price target on Tractor Supply from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Robert W. Baird upped their price objective on Tractor Supply from $56.00 to $61.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Thirteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $61.80.

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.