Montrusco Bolton Investments Inc. Purchases 285,065 Shares of Tractor Supply Company $TSCO

Key Points

• Montrusco Bolton raised its stake in Tractor Supply by 28.5%, buying 285,065 shares to hold 1,285,595 shares worth about $64.3 million, and overall institutional ownership stands at 98.72% with several other large funds also increasing positions.
• Tractor Supply's Q1 results disappointed—EPS $0.31 vs. $0.35 expected and revenue $3.59B vs. $3.64B—driving the stock to a one‑year low and prompting multiple broker price‑target cuts despite a consensus rating of "Moderate Buy" and a consensus target of $49.08.
• Insiders have sold a total of 222,348 shares (~$11.96M) in the last 90 days while the company raised its quarterly dividend to $0.24 (annualized $0.96, ~2.6% yield).

Montrusco Bolton Investments Inc. raised its position in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 28.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,285,595 shares of the specialty retailer's stock after buying an additional 285,065 shares during the period. Montrusco Bolton Investments Inc. owned about 0.24% of Tractor Supply worth $64,293,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP grew its stake in shares of Tractor Supply by 1.6% during the third quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer's stock worth $1,474,736,000 after purchasing an additional 420,731 shares during the period. Select Equity Group L.P. grew its stake in shares of Tractor Supply by 41.9% during the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer's stock worth $670,887,000 after purchasing an additional 3,753,414 shares during the period. Franklin Resources Inc. grew its stake in shares of Tractor Supply by 3.2% during the third quarter. Franklin Resources Inc. now owns 5,619,107 shares of the specialty retailer's stock worth $319,559,000 after purchasing an additional 174,641 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Tractor Supply by 1.3% during the third quarter. Envestnet Asset Management Inc. now owns 4,629,713 shares of the specialty retailer's stock worth $263,292,000 after purchasing an additional 60,035 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Tractor Supply by 719.1% during the third quarter. Victory Capital Management Inc. now owns 4,508,661 shares of the specialty retailer's stock worth $256,408,000 after purchasing an additional 3,958,205 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tractor Supply

In related news, CFO Kurt D. Barton sold 1,884 shares of the company's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $53.81, for a total transaction of $101,378.04. Following the sale, the chief financial officer owned 52,562 shares in the company, valued at approximately $2,828,361.22. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Colin Yankee sold 11,170 shares of the company's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $55.35, for a total value of $618,259.50. Following the sale, the executive vice president owned 45,515 shares in the company, valued at $2,519,255.25. The trade was a 19.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 222,348 shares of company stock valued at $11,959,621 in the last ninety days. Insiders own 0.64% of the company's stock.

Analyst Ratings Changes

TSCO has been the subject of a number of analyst reports. Wall Street Zen raised Tractor Supply from a "sell" rating to a "hold" rating in a research note on Saturday. JPMorgan Chase & Co. reduced their target price on Tractor Supply from $55.00 to $48.00 and set a "neutral" rating on the stock in a report on Wednesday. BNP Paribas Exane reduced their target price on Tractor Supply from $58.00 to $45.00 and set an "outperform" rating on the stock in a report on Wednesday. The Goldman Sachs Group reduced their target price on Tractor Supply from $59.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Bank of America initiated coverage on Tractor Supply in a report on Tuesday, April 7th. They set a "neutral" rating and a $47.00 target price on the stock. Fifteen analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, Tractor Supply has an average rating of "Moderate Buy" and a consensus price target of $49.08.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $36.73 on Friday. The firm has a market cap of $19.32 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 2.18 and a beta of 0.75. The stock's 50-day moving average is $47.22 and its 200-day moving average is $51.22. Tractor Supply Company has a one year low of $36.60 and a one year high of $63.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the company posted $0.34 EPS. The business's revenue was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Equities analysts predict that Tractor Supply Company will post 2.16 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, February 24th. This is a boost from Tractor Supply's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.6%. Tractor Supply's dividend payout ratio is currently 47.06%.

Trending Headlines about Tractor Supply

Here are the key news stories impacting Tractor Supply this week:

• Positive Sentiment: Management reiterated FY2026 guidance and highlighted continued store expansion (40 new stores) and double‑digit digital sales growth, which investors can view as evidence of underlying sales initiatives and long‑term growth levers. Tractor Supply Co (TSCO) Q1 2026 Earnings Call Highlights: Record Store Openings and Digital ...
• Positive Sentiment: Several firms kept constructive ratings (buy/outperform) even while lowering targets — e.g., Goldman Sachs (buy, PT trimmed to $55) and Raymond James/BNP Paribas maintained upside views — signaling some analysts still see material upside at depressed prices. Goldman Sachs adjusts price target on Tractor Supply to 55 from 59, maintains buy rating
• Neutral Sentiment: Some coverage frames TSCO as a relative value option vs. peers (e.g., Petco/WOOF), which may attract value/dividend investors if the price weakness persists. WOOF vs TSCO: Which Stock Is the Better Value Option?
• Neutral Sentiment: With the share decline, TSCO’s dividend yield has increased, prompting some investors to call it oversold and a potential income/value play — a longer‑horizon catalyst for some buyers. This Dividend Stock Is Getting Crushed. But With Its Dividend Yield Crossing 2.4%, Is It Time to Buy?
• Negative Sentiment: Q1 results disappointed: EPS $0.31 vs. $0.35 expected and revenue $3.59B vs. $3.64B expected; same‑store sales were essentially flat, which directly triggered the selloff. Why Tractor Supply (TSCO) Is Down 12.1% After Q1 Earnings Miss and Flat Same-Store Sales
• Negative Sentiment: Major brokerages moved quickly to cut price targets (many on 4/24) and issued more cautious notes — a coordinated analyst reset that amplifies selling pressure and reduces near‑term conviction. Representative cuts include Barclays, JPMorgan, UBS and others. Barclays adjusts price target on Tractor Supply to 44 from 51, maintains equalweight rating
• Negative Sentiment: The stock hit a new one‑year low and saw elevated trading volume following the miss and analyst reactions — technical weakness that can prolong downward pressure until fresh positive catalysts emerge. Tractor Supply NASDAQ: TSCO Sets New 1-Year Low After Earnings Miss

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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