Price T Rowe Associates Inc. MD Boosts Position in Tractor Supply Company $TSCO

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Tractor Supply Company by 14.5% during the first quarter, bringing its total ownership to approximately 11.9 million shares valued at $657.2 million.
• Analysts have recently raised their price targets for Tractor Supply, with JPMorgan Chase increasing theirs to $65.00 and DA Davidson to $70.00, reflecting a general consensus of a Moderate Buy rating for the stock.
• The company reported quarterly earnings of $0.81 per share, slightly above analysts' expectations, along with a year-over-year revenue increase of 4.5%, highlighting its strong financial performance.

Price T Rowe Associates Inc. MD raised its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 14.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,927,641 shares of the specialty retailer's stock after buying an additional 1,510,489 shares during the quarter. Price T Rowe Associates Inc. MD owned about 2.24% of Tractor Supply worth $657,214,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Wedmont Private Capital boosted its position in shares of Tractor Supply by 2.5% during the 1st quarter. Wedmont Private Capital now owns 8,714 shares of the specialty retailer's stock valued at $450,000 after acquiring an additional 212 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Tractor Supply by 30.1% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer's stock valued at $51,000 after acquiring an additional 213 shares during the last quarter. Independent Wealth Network Inc. boosted its position in shares of Tractor Supply by 5.2% during the 1st quarter. Independent Wealth Network Inc. now owns 4,335 shares of the specialty retailer's stock valued at $239,000 after acquiring an additional 215 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of Tractor Supply by 89.3% during the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 226 shares during the last quarter. Finally, Assetmark Inc. boosted its position in shares of Tractor Supply by 21.2% during the 1st quarter. Assetmark Inc. now owns 1,331 shares of the specialty retailer's stock valued at $73,000 after acquiring an additional 233 shares during the last quarter. Institutional investors own 98.72% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TSCO shares. Robert W. Baird lifted their price target on Tractor Supply from $56.00 to $61.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. lifted their price target on Tractor Supply from $56.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. DA Davidson lifted their price target on Tractor Supply from $65.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Guggenheim dropped their target price on Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Evercore ISI boosted their target price on Tractor Supply from $60.00 to $65.00 and gave the stock an "in-line" rating in a research 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.80.

Insider Activity

In related news, EVP Jonathan S. Estep sold 56,630 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $53.00, for a total value of $3,001,390.00. Following the sale, the executive vice president directly owned 74,605 shares of the company's stock, valued at $3,954,065. This represents a 43.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Denise L. Jackson sold 4,630 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $55.93, for a total value of $258,955.90. Following the completion of the sale, the director directly owned 35,288 shares in the company, valued at approximately $1,973,657.84. The trade was a 11.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 204,680 shares of company stock valued at $12,071,552. 0.65% of the stock is owned by insiders.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $61.61 on Friday. The business has a 50 day moving average of $57.03 and a 200 day moving average of $54.01. The company has a market capitalization of $32.65 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 3.13 and a beta of 0.75. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. The business had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.93 EPS. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. On average, sell-side analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

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

About Tractor Supply

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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