KLP Kapitalforvaltning AS Grows Stock Holdings in Tractor Supply Company $TSCO

Key Points

• KLP Kapitalforvaltning AS increased its holdings in Tractor Supply Company by 6.2% to a total of 191,555 shares worth approximately $10.1 million as of the latest SEC filing.
• Multiple hedge funds, including GW&K Investment Management, have significantly increased their stakes in Tractor Supply, highlighting a trend of growing institutional investment, with about 98.72% of the stock owned by such investors.
• Tractor Supply reported $0.81 EPS for the quarter, exceeding analyst expectations, along with revenues of $4.44 billion, marking a 4.5% year-over-year growth.

KLP Kapitalforvaltning AS raised its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 6.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 191,555 shares of the specialty retailer's stock after buying an additional 11,100 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Tractor Supply were worth $10,108,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSCO. GW&K Investment Management LLC raised its position in shares of Tractor Supply by 89.3% in the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 226 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Tractor Supply in the 2nd quarter valued at approximately $35,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Tractor Supply in the 1st quarter valued at approximately $39,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Tractor Supply in the 1st quarter valued at approximately $41,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Tractor Supply in the 1st quarter valued at approximately $41,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tractor Supply

In other Tractor Supply news, SVP Noni L. Ellison sold 5,200 shares of the firm's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $332,592.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Denise L. Jackson sold 1,165 shares of Tractor Supply stock in a transaction 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 transaction, the director owned 31,123 shares in the company, valued at approximately $1,820,695.50. This represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,045 shares of company stock worth $6,547,257. Company insiders own 0.65% of the company's stock.

Tractor Supply Price Performance

Tractor Supply stock opened at $54.22 on Friday. The company's fifty day moving average price is $59.15 and its 200 day moving average price is $54.91. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The stock has a market capitalization of $28.73 billion, a P/E ratio of 26.60, a P/E/G ratio of 2.76 and a beta of 0.73. 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 (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The firm had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.40 billion. During the same quarter last year, the company earned $3.93 EPS. The firm's revenue for the quarter 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. As a group, equities research analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders 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 dividend on an annualized basis and a yield of 1.7%. Tractor Supply's dividend payout ratio (DPR) is presently 45.10%.

Analyst Ratings Changes

TSCO has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Tractor Supply in a research report on Friday, July 25th. Telsey Advisory Group set a $70.00 price target on shares of Tractor Supply in a research report on Friday, July 25th. Bank of America raised shares of Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 price target for the company in a research report on Thursday, July 24th. Wall Street Zen raised shares of Tractor Supply from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Robert W. Baird raised their price objective on shares of Tractor Supply from $56.00 to $61.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Fifteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $62.45.

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.

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