Merit Financial Group LLC Raises Stock Holdings in Tractor Supply Company $TSCO

Key Points

• Merit Financial Group LLC increased its stake in Tractor Supply Company by 247.2% during the second quarter, owning 103,082 shares valued at approximately $5.44 million.
• Insider sales included notable transactions by EVP Colin Yankee and CFO Kurt D. Barton, who each sold substantial shares, decreasing their positions by 14.27% and 65.35% respectively.
• Tractor Supply Company has received various buy ratings from analysts, with a consensus target price of $62.15 and a recent earnings report indicating a year-over-year revenue increase of 4.5%.

Merit Financial Group LLC boosted its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 247.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,082 shares of the specialty retailer's stock after purchasing an additional 73,393 shares during the quarter. Merit Financial Group LLC's holdings in Tractor Supply were worth $5,440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Tractor Supply by 4.1% in the first quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer's stock worth $3,671,391,000 after buying an additional 2,597,450 shares during the last quarter. Wellington Management Group LLP grew its holdings in Tractor Supply by 16.0% during the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer's stock worth $1,521,023,000 after acquiring an additional 3,815,520 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Tractor Supply by 10.8% during the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer's stock worth $1,359,036,000 after acquiring an additional 2,408,373 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Tractor Supply by 14.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer's stock worth $657,214,000 after purchasing an additional 1,510,489 shares during the last quarter. Finally, Select Equity Group L.P. raised its stake in shares of Tractor Supply by 16.8% in the 1st quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer's stock valued at $493,696,000 after purchasing an additional 1,290,771 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tractor Supply news, EVP Colin Yankee sold 6,680 shares of Tractor Supply 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 sale, the executive vice president owned 40,142 shares of the company's stock, valued at $2,344,292.80. The trade was a 14.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kurt D. Barton sold 90,000 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $5,756,400.00. Following the completion of the transaction, the chief financial officer directly 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 position. The disclosure for this sale can be found here. Insiders have sold 106,045 shares of company stock valued at $6,719,757 in the last quarter. 0.65% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TSCO has been the subject of a number of research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Tractor Supply in a research note on Saturday, September 27th. Wolfe Research began coverage on Tractor Supply in a report on Thursday, September 18th. They issued an "outperform" rating and a $70.00 price target for the company. Robert W. Baird upped their price target on Tractor Supply from $56.00 to $61.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Bank of America raised shares of Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 price objective for the company in a report on Thursday, July 24th. Finally, Truist Financial boosted their target price on shares of Tractor Supply from $60.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Tractor Supply has a consensus rating of "Moderate Buy" and an average target price of $62.15.

Tractor Supply Stock Down 2.0%

Tractor Supply stock opened at $54.69 on Tuesday. 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 one year low of $46.85 and a one year high of $63.99. The company has a 50-day simple moving average of $59.38 and a 200-day simple moving average of $54.92. The firm has a market capitalization of $28.98 billion, a P/E ratio of 26.84, a P/E/G ratio of 2.86 and a beta of 0.73.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates of $4.40 billion. During the same period in the previous year, the business posted $3.93 EPS. Tractor Supply's 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. As a group, equities analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, August 25th. Tractor Supply's dividend 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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