Pensionfund Sabic Trims Stock Position in Tractor Supply Company $TSCO

Key Points

• Pensionfund Sabic reduced its stake in Tractor Supply Company by 15.8%, selling 4,500 shares during the first quarter, leaving it with 24,000 shares valued at approximately $1.32 million.
• Insiders at Tractor Supply made significant sales, with Director Denise L. Jackson selling 1,165 shares and CFO Kurt D. Barton offloading 90,000 shares, indicating a potential shift in confidence among company executives.
• Analysts have raised their target prices for Tractor Supply, with estimates now ranging up to $70.00, showing optimism for the company's performance despite recent insider sell-offs.

Pensionfund Sabic cut its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 15.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,000 shares of the specialty retailer's stock after selling 4,500 shares during the quarter. Pensionfund Sabic's holdings in Tractor Supply were worth $1,322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. AG2R LA Mondiale Gestion D Actifs purchased a new position in Tractor Supply during the first quarter worth about $1,370,000. Voya Investment Management LLC lifted its position in Tractor Supply by 6.5% during the first quarter. Voya Investment Management LLC now owns 1,042,725 shares of the specialty retailer's stock worth $57,454,000 after buying an additional 63,983 shares during the period. First Hawaiian Bank lifted its position in Tractor Supply by 13.3% during the first quarter. First Hawaiian Bank now owns 7,194 shares of the specialty retailer's stock worth $396,000 after buying an additional 844 shares during the period. Hodges Capital Management Inc. lifted its position in Tractor Supply by 9.8% during the first quarter. Hodges Capital Management Inc. now owns 5,595 shares of the specialty retailer's stock worth $308,000 after buying an additional 500 shares during the period. Finally, Anderson Financial Strategies LLC purchased a new position in Tractor Supply during the first quarter worth about $98,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tractor Supply

In related news, Director Denise L. Jackson sold 1,165 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $58.50, for a total transaction of $68,152.50. Following the sale, the director directly owned 31,123 shares in the company, valued at approximately $1,820,695.50. This trade represents a 3.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kurt D. Barton sold 90,000 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $3,051,851.40. This trade represents a 65.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 204,680 shares of company stock worth $12,071,552. Insiders own 0.65% of the company's stock.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $60.61 on Friday. The company has a market cap of $32.12 billion, a P/E ratio of 29.74, a PEG ratio of 3.08 and a beta of 0.76. 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 business's 50-day simple moving average is $59.40 and its 200 day simple moving average is $54.52.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. The business 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 company's revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted $3.93 EPS. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. On average, sell-side analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TSCO shares. Robert W. Baird increased their target price on Tractor Supply from $56.00 to $61.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on Tractor Supply from $56.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Truist Financial raised their price objective on Tractor Supply from $60.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Telsey Advisory Group set a $70.00 price objective on Tractor Supply in a report on Friday, July 25th. Finally, Wall Street Zen upgraded Tractor Supply from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Thirteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.80.

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.

Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply Company (NASDAQ:TSCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.