Kovitz Investment Group Partners LLC Lowers Stock Position in Tractor Supply Company $TSCO

Key Points

• Kovitz Investment Group Partners LLC has reduced its stake in Tractor Supply Company by 89.0%, selling 161,380 shares and retaining only 19,946 shares worth approximately $1,099,000.
• Several institutional investors, including Price T Rowe Associates and Select Equity Group, significantly increased their holdings in Tractor Supply during the fourth quarter, with Price T Rowe Associates boosting its stake by 287.6%.
• Tractor Supply reported earnings of $0.81 EPS for the last quarter, exceeding analysts' expectations, along with a quarterly revenue of $4.44 billion, marking a 4.5% year-over-year increase.

Kovitz Investment Group Partners LLC trimmed its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 89.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,946 shares of the specialty retailer's stock after selling 161,380 shares during the period. Kovitz Investment Group Partners LLC's holdings in Tractor Supply were worth $1,099,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of TSCO. Vanguard Group Inc. grew its stake in shares of Tractor Supply by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer's stock worth $3,671,391,000 after purchasing an additional 2,597,450 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Tractor Supply by 287.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,417,152 shares of the specialty retailer's stock worth $552,735,000 after buying an additional 7,729,628 shares in the last quarter. Select Equity Group L.P. grew its position in Tractor Supply by 405.6% during the fourth quarter. Select Equity Group L.P. now owns 7,669,224 shares of the specialty retailer's stock valued at $406,929,000 after buying an additional 6,152,333 shares during the period. Northern Trust Corp increased its holdings in Tractor Supply by 503.4% in the fourth quarter. Northern Trust Corp now owns 6,025,677 shares of the specialty retailer's stock valued at $319,722,000 after buying an additional 5,026,980 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Tractor Supply by 476.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,910,178 shares of the specialty retailer's stock worth $260,534,000 after acquiring an additional 4,058,875 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Colin Yankee sold 6,680 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $58.40, for a total value of $390,112.00. Following the completion of the sale, the executive vice president owned 40,142 shares of the company's stock, 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 document filed with the SEC, which can be accessed through this link. Also, EVP Jonathan S. Estep sold 56,630 shares of Tractor Supply stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $53.00, for a total transaction of $3,001,390.00. Following the transaction, the executive vice president directly owned 74,605 shares in the company, valued at $3,954,065. This trade represents a 43.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,680 shares of company stock worth $12,071,552. Insiders own 0.65% of the company's stock.

Tractor Supply Price Performance

TSCO traded up $0.61 on Friday, reaching $61.61. 3,230,182 shares of the company's stock were exchanged, compared to its average volume of 4,697,547. The stock has a market cap of $32.65 billion, a PE ratio of 30.23, a P/E/G ratio of 3.13 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The stock's fifty day moving average price is $57.03 and its 200-day moving average price is $54.01.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. The business had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.93 EPS. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. Sell-side analysts expect 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. Shareholders of record on Monday, August 25th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.5%. Tractor Supply's dividend payout ratio (DPR) is 45.10%.

Analyst Upgrades and Downgrades

TSCO has been the topic of a number of analyst reports. Truist Financial raised their target price on Tractor Supply from $60.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Robert W. Baird raised their price objective on Tractor Supply from $56.00 to $61.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Bank of America raised Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 target price for the company in a research note on Thursday, July 24th. Guggenheim cut their price target on shares of Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Raymond James Financial restated an "outperform" rating and set a $65.00 price objective (up from $57.00) on shares of Tractor Supply in a research report on Friday, July 25th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.