Korea Investment CORP Has $6.29 Million Position in Tractor Supply Company $TSCO

Key Points

• Korea Investment CORP increased its stake in Tractor Supply Company by 30.3%, owning 114,100 shares worth approximately $6.29 million as of the 1st quarter of 2023.
• Insider trading activity shows significant sales, with CFO Kurt D. Barton selling 90,000 shares and EVP Colin Yankee selling 6,680 shares, leading to notable decreases in their ownership percentages.
• Wall Street analysts have raised price targets for Tractor Supply, with estimates ranging from $60.00 to $70.00, reflecting a generally positive outlook for the company's stock.

Korea Investment CORP increased its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 30.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,100 shares of the specialty retailer's stock after purchasing an additional 26,500 shares during the quarter. Korea Investment CORP's holdings in Tractor Supply were worth $6,287,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. FORA Capital LLC boosted its holdings in shares of Tractor Supply by 434.1% during the fourth quarter. FORA Capital LLC now owns 35,526 shares of the specialty retailer's stock worth $1,885,000 after purchasing an additional 28,875 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Tractor Supply by 7.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 70,944 shares of the specialty retailer's stock worth $3,911,000 after purchasing an additional 5,184 shares during the period. Sowell Financial Services LLC boosted its holdings in shares of 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 purchasing an additional 6,612 shares during the period. Sequoia Financial Advisors LLC raised its position in Tractor Supply by 9.2% during the first quarter. Sequoia Financial Advisors LLC now owns 112,233 shares of the specialty retailer's stock valued at $6,184,000 after acquiring an additional 9,483 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Tractor Supply by 27.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 319,132 shares of the specialty retailer's stock valued at $17,584,000 after acquiring an additional 68,487 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tractor Supply

In related news, CFO Kurt D. Barton sold 90,000 shares of the business's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $63.96, for a total transaction of $5,756,400.00. Following the transaction, the chief financial officer owned 47,715 shares of the company's stock, valued at approximately $3,051,851.40. The trade was a 65.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Colin Yankee sold 6,680 shares of the business'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 transaction, the executive vice president directly owned 40,142 shares in the company, valued at $2,344,292.80. This trade represents a 14.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 204,680 shares of company stock valued at $12,071,552 in the last three months. 0.65% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TSCO shares. Piper Sandler raised their price objective on shares of Tractor Supply from $66.00 to $67.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Telsey Advisory Group set a $70.00 price objective on shares of Tractor Supply in a research report on Friday, July 25th. Wells Fargo & Company raised their price objective on shares of Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Loop Capital raised their price objective on shares of Tractor Supply from $48.00 to $60.00 and gave the company a "hold" rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Tractor Supply in a research report on Friday, July 25th. Thirteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.80.

Tractor Supply Trading Up 1.0%

NASDAQ:TSCO opened at $61.61 on Friday. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The firm has a market cap of $32.65 billion, a price-to-earnings ratio of 30.23, a P/E/G ratio of 3.13 and a beta of 0.75. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. The company's 50 day moving average is $57.03 and its 200-day moving average is $54.01.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released 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 net margin of 7.18% and a return on equity of 46.83%. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same quarter last year, the firm posted $3.93 earnings per share. The company'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. Equities analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Dividend Announcement

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

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.

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