Provident Trust Co. Cuts Stock Position in Tractor Supply Company $TSCO

Key Points

• Provident Trust trimmed its stake in Tractor Supply (NASDAQ:TSCO) by 6.7% in Q4 to 3,125,948 shares—about 2.6% of Provident's portfolio and roughly $156.3M (Provident owns ~0.59% of TSCO); overall institutional ownership is ~98.72%.
• Analysts have been lowering price targets and tweaking ratings recently (e.g., Goldman Sachs, Argus, Evercore), yet the consensus remains a "Moderate Buy" with an average target of $47.96 (15 Buys, 13 Holds).
• Tractor Supply missed Q results (EPS $0.31 vs. $0.35 estimate; revenue slightly below expectations), set FY2026 EPS guidance of 2.130–2.230, raised its quarterly dividend to $0.24 (annual $0.96, yield 2.8%), and insiders have sold roughly 222,348 shares (~$11.96M) in the past 90 days.

Provident Trust Co. cut its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,125,948 shares of the specialty retailer's stock after selling 225,566 shares during the period. Tractor Supply accounts for about 2.6% of Provident Trust Co.'s portfolio, making the stock its 13th largest position. Provident Trust Co. owned about 0.59% of Tractor Supply worth $156,329,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new stake in Tractor Supply in the 3rd quarter worth approximately $28,000. Aventura Private Wealth LLC acquired a new stake in Tractor Supply in the 4th quarter worth approximately $27,000. Flagship Harbor Advisors LLC acquired a new stake in Tractor Supply in the 4th quarter worth approximately $35,000. First Horizon Corp acquired a new stake in Tractor Supply in the 3rd quarter worth approximately $44,000. Finally, Stance Capital LLC acquired a new stake in Tractor Supply in the 3rd quarter worth approximately $45,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on TSCO. Wall Street Zen upgraded shares of Tractor Supply from a "sell" rating to a "hold" rating in a research note on Saturday, April 25th. The Goldman Sachs Group lowered their target price on shares of Tractor Supply from $59.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, April 22nd. Argus lowered their target price on shares of Tractor Supply from $64.00 to $50.00 and set a "buy" rating for the company in a research note on Monday, April 27th. Evercore decreased their price objective on shares of Tractor Supply from $55.00 to $50.00 and set an "outperform" rating for the company in a research note on Thursday, April 23rd. Finally, Bank of America began coverage on shares of Tractor Supply in a research note on Tuesday, April 7th. They set a "neutral" rating and a $47.00 price objective for the company. Fifteen analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Tractor Supply currently has an average rating of "Moderate Buy" and a consensus target price of $47.96.

Tractor Supply Stock Performance

TSCO opened at $33.83 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16. The firm has a fifty day moving average price of $45.80 and a 200 day moving average price of $50.67. Tractor Supply Company has a 1 year low of $33.65 and a 1 year high of $63.99. The stock has a market cap of $17.79 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.94 and a beta of 0.51.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted 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 net margin of 6.91% and a return on equity of 42.58%. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The business's revenue for the quarter 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 research analysts anticipate that Tractor Supply Company will post 2.15 earnings per share for the current year.

Tractor Supply Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were paid a $0.24 dividend. The ex-dividend date was Tuesday, February 24th. This represents a $0.96 annualized dividend and a dividend yield of 2.8%. This is an increase from Tractor Supply's previous quarterly dividend of $0.23. Tractor Supply's dividend payout ratio (DPR) is presently 47.06%.

Insider Transactions at Tractor Supply

In related news, EVP Robert D. Mills sold 62,950 shares of the business's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $54.12, for a total value of $3,406,854.00. Following the completion of the transaction, the executive vice president directly owned 122,834 shares in the company, valued at $6,647,776.08. The trade was a 33.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Colin Yankee sold 11,170 shares of the business's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $55.35, for a total transaction of $618,259.50. Following the completion of the transaction, the executive vice president owned 45,515 shares of the company's stock, valued at approximately $2,519,255.25. This represents a 19.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 222,348 shares of company stock worth $11,959,621. Insiders own 0.64% of the company's stock.

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.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.