Free Trial

Tractor Supply Company (NASDAQ:TSCO) Shares Sold by Natixis Advisors LLC

Tractor Supply logo with Retail/Wholesale background

Key Points

  • Natixis Advisors LLC reduced its stake in Tractor Supply Company (TSCO) by 0.9%, selling 4,566 shares and maintaining ownership of 522,705 shares valued at $28.8 million.
  • Several hedge funds, including Coppell Advisory Solutions LLC and GW&K Investment Management LLC, significantly increased their positions in Tractor Supply, indicating investor confidence in the specialty retailer.
  • Tractor Supply reported a quarterly earnings per share (EPS) of $0.81, surpassing expectations, and has a current average price target of $61.80 according to market analysts.
  • Five stocks to consider instead of Tractor Supply.

Natixis Advisors LLC lowered its position in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 0.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 522,705 shares of the specialty retailer's stock after selling 4,566 shares during the period. Natixis Advisors LLC owned 0.10% of Tractor Supply worth $28,801,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TSCO. SlateStone Wealth LLC purchased a new stake in Tractor Supply during the 1st quarter valued at about $217,000. Arkadios Wealth Advisors increased its holdings in shares of Tractor Supply by 79.3% in the 1st quarter. Arkadios Wealth Advisors now owns 9,830 shares of the specialty retailer's stock worth $542,000 after purchasing an additional 4,348 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Tractor Supply in the 1st quarter worth $418,000. Banque Cantonale Vaudoise bought a new stake in shares of Tractor Supply in the 1st quarter worth $1,806,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Tractor Supply in the 1st quarter worth $54,000. Institutional investors own 98.72% of the company's stock.

Insider Activity at Tractor Supply

In other Tractor Supply news, SVP Noni L. Ellison sold 5,200 shares of the stock in a transaction dated 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 directly 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 is accessible through this link. Also, CFO Kurt D. Barton sold 90,000 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $63.96, for a total value of $5,756,400.00. Following the sale, the chief financial officer owned 47,715 shares in the company, valued at $3,051,851.40. This trade represents a 65.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 207,490 shares of company stock worth $12,216,998 in the last three months. Company insiders own 0.65% of the company's stock.

Tractor Supply Stock Up 3.2%

Shares of TSCO traded up $1.87 during midday trading on Monday, hitting $59.50. 5,391,315 shares of the company's stock traded hands, compared to its average volume of 6,372,725. The stock has a market capitalization of $31.55 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 2.96 and a beta of 0.75. The company has a current ratio of 1.28, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68. The firm's fifty day moving average is $53.97 and its 200-day moving average is $53.52. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99.

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, topping analysts' consensus estimates of $0.80 by $0.01. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates 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 business posted $3.93 EPS. As a group, sell-side analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given 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 was Wednesday, May 28th. Tractor Supply's dividend payout ratio (DPR) is currently 45.10%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Piper Sandler raised their price target on Tractor Supply from $66.00 to $67.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Raymond James Financial restated an "outperform" rating and issued a $65.00 price target (up from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. Wells Fargo & Company raised their price target on Tractor Supply from $63.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Mizuho dropped their price target on Tractor Supply from $62.00 to $58.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Tractor Supply in a research report on Friday, July 25th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Tractor Supply has a consensus rating of "Moderate Buy" and a consensus price target of $61.80.

Read Our Latest Research Report on TSCO

Tractor Supply Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

Should You Invest $1,000 in Tractor Supply Right Now?

Before you consider Tractor Supply, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tractor Supply wasn't on the list.

While Tractor Supply currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Palantir & AMD Earnings: Massive Options Setups Ahead
3 Value Plays Set to Explode
5 Stocks to BUY NOW in August 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines