Massachusetts Financial Services Co. MA Raises Stock Holdings in Tractor Supply Company $TSCO

Key Points

• Massachusetts Financial Services boosted its stake in Tractor Supply by 166.1%, buying an additional 1,388,762 shares to hold 2,224,774 shares (about 0.42% of the company) worth roughly $111.26 million at quarter-end.
• Tractor Supply missed Q4 estimates, reporting EPS of $0.43 versus $0.46 expected and revenue of $3.90 billion versus $4.03 billion, though revenue still rose 3.3% year‑over‑year.
• Analysts maintain a consensus Moderate Buy with an average target price of $58.52, and the company recently raised its quarterly dividend to $0.24 (annualized $0.96, ~2.1% yield).

Massachusetts Financial Services Co. MA raised its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 166.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,224,774 shares of the specialty retailer's stock after buying an additional 1,388,762 shares during the period. Massachusetts Financial Services Co. MA owned about 0.42% of Tractor Supply worth $111,261,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Aventura Private Wealth LLC purchased a new position in shares of Tractor Supply during the 4th quarter valued at about $27,000. JPL Wealth Management LLC purchased a new position in shares of Tractor Supply during the 3rd quarter valued at about $28,000. Flagship Harbor Advisors LLC purchased a new position in shares of Tractor Supply during the 4th quarter valued at about $35,000. Clayton Financial Group LLC purchased a new position in shares of Tractor Supply during the 3rd quarter valued at about $44,000. Finally, First Horizon Corp purchased a new position in shares of Tractor Supply during the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Analyst Ratings Changes

TSCO has been the subject of a number of recent research reports. Bank of America initiated coverage on Tractor Supply in a research note on Tuesday, April 7th. They set a "neutral" rating and a $47.00 price objective for the company. TD Cowen reduced their price objective on Tractor Supply from $55.00 to $53.00 and set a "hold" rating for the company in a research note on Friday, January 30th. UBS Group set a $55.00 target price on Tractor Supply in a research report on Friday, January 30th. Telsey Advisory Group dropped their target price on Tractor Supply from $70.00 to $63.00 and set an "outperform" rating on the stock in a research report on Thursday, January 29th. Finally, Guggenheim restated a "buy" rating and set a $65.00 target price on shares of Tractor Supply in a research report on Thursday, January 22nd. Fourteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Tractor Supply currently has a consensus rating of "Moderate Buy" and an average target price of $58.52.

Tractor Supply Trading Up 0.9%

TSCO stock opened at $45.44 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 0.16 and a debt-to-equity ratio of 0.70. Tractor Supply Company has a 12-month low of $43.23 and a 12-month high of $63.99. The stock has a market cap of $23.90 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 2.40 and a beta of 0.75. The business's 50-day moving average is $49.48 and its 200 day moving average is $52.05.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.03). Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company's quarterly revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were paid a $0.24 dividend. This is a positive change from Tractor Supply's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a yield of 2.1%. Tractor Supply's dividend payout ratio is 46.38%.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 1,929 shares of the firm's stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $53.94, for a total value of $104,050.26. Following the transaction, the chief financial officer directly owned 44,736 shares of the company's stock, valued at $2,413,059.84. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robert D. Mills sold 62,950 shares of the firm's stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the completion of the transaction, the executive vice president directly owned 122,834 shares in the company, valued at $6,647,776.08. This trade represents a 33.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 222,348 shares of company stock worth $11,959,621. 0.64% of the stock is currently owned by insiders.

About Tractor Supply

Tractor Supply Company NASDAQ: TSCO is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.

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