National Pension Service Sells 834,064 Shares of Tractor Supply Company $TSCO

Key Points

• National Pension Service reduced its Tractor Supply stake by 91.6% in the second quarter, selling 834,064 shares and retaining 76,022 shares valued at approximately $2.4 million. Institutional investors collectively own 98.72% of the company.
• Tractor Supply shares opened at $33.01, near their 52-week low, after the company narrowly missed quarterly earnings and revenue expectations. Analysts’ average price target is $39.31, although the consensus rating remains “Hold.”
• Company directors and other insiders purchased 20,310 shares worth roughly $652,000 over the past 90 days, while Tractor Supply maintains a quarterly dividend of $0.24 per share, or a 2.9% annualized yield.

National Pension Service cut its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 91.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 76,022 shares of the specialty retailer's stock after selling 834,064 shares during the quarter. National Pension Service's holdings in Tractor Supply were worth $2,403,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in TSCO. Elevation Wealth Partners LLC increased its position in Tractor Supply by 1,253.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 727 shares in the last quarter. Reflection Asset Management bought a new position in shares of Tractor Supply in the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Tractor Supply during the second quarter worth approximately $26,000. Core Wealth Advisors LLC acquired a new position in shares of Tractor Supply during the fourth quarter worth approximately $27,000. Finally, Community Financial Services Group LLC grew its stake in shares of Tractor Supply by 3,240.0% during the second quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 810 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Insider Activity at Tractor Supply

In other news, Director Andre J. Hawaux purchased 3,150 shares of Tractor Supply stock in a transaction dated Monday, August 3rd. The shares were bought at an average cost of $31.83 per share, with a total value of $100,264.50. Following the completion of the transaction, the director directly owned 3,150 shares in the company, valued at $100,264.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edna Morris purchased 1,560 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $32.44 per share, with a total value of $50,606.40. Following the acquisition, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 20,310 shares of company stock worth $652,411. 0.64% of the stock is currently owned by company insiders.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $33.01 on Monday. Tractor Supply Company has a 1-year low of $28.36 and a 1-year high of $60.85. The business's 50-day moving average price is $33.00 and its two-hundred day moving average price is $36.55. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $17.31 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 3.56 and a beta of 0.48.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.Tractor Supply's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, equities analysts expect that Tractor Supply Company will post 1.93 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were issued a dividend of $0.24 per share. The ex-dividend date was Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a yield of 2.9%. Tractor Supply's payout ratio is currently 50.00%.

Analysts Set New Price Targets

A number of analysts recently weighed in on TSCO shares. Argus set a $41.00 price target on shares of Tractor Supply in a report on Tuesday, July 28th. Raymond James Financial decreased their price objective on Tractor Supply from $48.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, July 17th. Evercore reissued an "outperform" rating and issued a $40.00 target price on shares of Tractor Supply in a research note on Tuesday, July 7th. Wall Street Zen downgraded Tractor Supply from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. Finally, Truist Financial set a $32.00 price target on Tractor Supply and gave the company a "hold" rating in a research note on Tuesday, June 16th. Thirteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Tractor Supply has an average rating of "Hold" and an average target price of $39.31.

Tractor Supply Company Profile

Tractor Supply Company NASDAQ: TSCO is a specialty retailer serving the needs of recreational farmers, ranchers, homeowners, pet owners and other customers who live a rural lifestyle. The company operates Tractor Supply stores across the United States, offering products designed for agriculture, home improvement, outdoor living and animal care.

Its merchandise includes livestock and pet supplies, agricultural and lawn-and-garden equipment, tools, hardware, fencing, workwear, footwear, outdoor power equipment, seasonal goods and home products.

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