Tractor Supply Company $TSCO Shares Purchased by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in Tractor Supply Company (TSCO) by 41.6%, now holding over 4 million shares, making it the fund's 18th largest investment.
• Insider activity includes CFO Kurt D. Barton selling 90,000 shares for approximately $5.76 million, decreasing his position by 65.35%.
• Tractor Supply recently declared a quarterly dividend of $0.23 per share, with a current dividend yield of 1.5% and a payout ratio of 45.10%.

Jacobs Levy Equity Management Inc. lifted its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 41.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,174,045 shares of the specialty retailer's stock after acquiring an additional 1,226,358 shares during the quarter. Tractor Supply makes up approximately 0.9% of Jacobs Levy Equity Management Inc.'s holdings, making the stock its 18th biggest position. Jacobs Levy Equity Management Inc. owned about 0.79% of Tractor Supply worth $229,990,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. APG Asset Management N.V. raised its holdings in shares of Tractor Supply by 33.3% during the 1st quarter. APG Asset Management N.V. now owns 475,484 shares of the specialty retailer's stock worth $24,254,000 after acquiring an additional 118,884 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Tractor Supply by 19.4% during the first quarter. Ameriprise Financial Inc. now owns 2,064,224 shares of the specialty retailer's stock valued at $113,745,000 after buying an additional 335,563 shares during the period. Bahl & Gaynor Inc. increased its stake in shares of Tractor Supply by 31.0% during the first quarter. Bahl & Gaynor Inc. now owns 177,636 shares of the specialty retailer's stock valued at $9,788,000 after buying an additional 41,989 shares during the period. FORA Capital LLC grew its stake in Tractor Supply by 434.1% in the fourth quarter. FORA Capital LLC now owns 35,526 shares of the specialty retailer's stock valued at $1,885,000 after purchasing an additional 28,875 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in 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. 98.72% of the stock is currently owned by institutional investors.

Insider Activity at Tractor Supply

In other Tractor Supply news, Director Denise L. Jackson sold 1,165 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was 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 $1,820,695.50. This represents a 3.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Noni L. Ellison sold 5,200 shares of the company's 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 owned 28,639 shares in the company, valued at approximately $1,831,750.44. This trade represents a 15.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,680 shares of company stock worth $12,071,552 over the last quarter. 0.65% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TSCO shares. UBS Group lifted their target price on Tractor Supply from $54.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Piper Sandler raised their price target on Tractor Supply from $66.00 to $67.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Wells Fargo & Company raised their price target on Tractor Supply from $63.00 to $65.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Raymond James Financial reissued an "outperform" rating and issued a $65.00 price target (up previously from $57.00) on shares of Tractor Supply in a report on Friday, July 25th. Finally, Truist Financial lifted their target price on Tractor Supply from $60.00 to $66.00 and gave the stock a "buy" rating 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.80.

Tractor Supply Price Performance

Shares of TSCO traded down $0.12 during trading hours on Friday, hitting $60.52. 3,211,804 shares of the stock were exchanged, compared to its average volume of 3,968,003. The stock's 50-day moving average price is $58.87 and its two-hundred day moving average price is $54.38. The company has a market cap of $32.07 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 3.11 and a beta of 0.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28. Tractor Supply Company has a 12-month low of $46.85 and a 12-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 EPS for the quarter, beating the consensus estimate 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 prior year, the company posted $3.93 EPS. The company'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. Research analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

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

Tractor Supply Company 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.