MetLife Investment Management LLC Cuts Stake in Tractor Supply Company $TSCO

Key Points

• MetLife Investment Management LLC reduced its stake in Tractor Supply Company by 2.9%, holding 161,974 shares valued at approximately $8.93 million as of the latest SEC filing.
• Analysts have set varying price targets for Tractor Supply, with Telsey Advisory Group setting a target of $70.00, while JPMorgan Chase increased their target to $65.00, indicating a generally positive outlook.
• Tractor Supply recently announced a quarterly dividend of $0.23 per share, representing a yield of 1.5%, which will be paid on September 9th, further solidifying its commitment to returning value to shareholders.

MetLife Investment Management LLC reduced its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,974 shares of the specialty retailer's stock after selling 4,829 shares during the period. MetLife Investment Management LLC's holdings in Tractor Supply were worth $8,925,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. FORA Capital LLC grew its stake in shares of Tractor Supply by 434.1% in the fourth quarter. FORA Capital LLC now owns 35,526 shares of the specialty retailer's stock worth $1,885,000 after acquiring an additional 28,875 shares during the last quarter. Allspring Global Investments Holdings LLC lifted 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 valued at $3,911,000 after purchasing an additional 5,184 shares in the last quarter. Sowell Financial Services LLC lifted 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 valued at $1,104,000 after purchasing an additional 6,612 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of 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 purchasing an additional 9,483 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of 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 purchasing an additional 68,487 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TSCO shares. Telsey Advisory Group set a $70.00 price target on Tractor Supply in a report on Friday, July 25th. Loop Capital upped their price target on Tractor Supply from $48.00 to $60.00 and gave the company a "hold" rating in a report on Friday, July 25th. JPMorgan Chase & Co. upped their price target on Tractor Supply from $56.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Raymond James Financial reaffirmed an "outperform" rating and set a $65.00 price target (up from $57.00) on shares of Tractor Supply in a report on Friday, July 25th. Finally, Truist Financial upped their price target on Tractor Supply from $60.00 to $66.00 and gave the company a "buy" rating in a report on Friday, July 25th. Thirteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $61.80.

Tractor Supply Stock Up 0.3%

NASDAQ TSCO opened at $61.69 on Wednesday. The stock's 50-day moving average price is $57.44 and its 200-day moving average price is $54.13. The company has a market capitalization of $32.69 billion, a P/E ratio of 30.27, a price-to-earnings-growth ratio of 3.16 and a beta of 0.75. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68.

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 (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.01. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $3.93 EPS. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. On average, equities research analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

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

Insider Activity at Tractor Supply

In related news, SVP Noni L. Ellison sold 5,200 shares of Tractor Supply stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total transaction of $332,592.00. Following the sale, the senior vice president owned 28,639 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan S. Estep sold 35,825 shares of Tractor Supply stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $56.00, for a total value of $2,006,200.00. Following the sale, the executive vice president directly owned 74,605 shares in the company, valued at $4,177,880. This trade represents a 32.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,680 shares of company stock worth $12,071,552 in the last three months. Corporate insiders own 0.65% of the company's stock.

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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