Public Employees Retirement System of Ohio Cuts Stock Position in Tractor Supply Company $TSCO

Key Points

• The Public Employees Retirement System of Ohio decreased its stake in Tractor Supply Company by 7.1%, now owning approximately 272,459 shares valued at $14.38 million after selling 20,745 shares.
• Insider trading activity included CFO Kurt D. Barton selling 90,000 shares at an average price of $63.96, a 65.35% reduction in his position, while EVP Colin Yankee sold 6,680 shares for $58.40 each.
• Tractor Supply's recent quarterly earnings showed a 4.5% revenue growth year-over-year, with earnings per share reported at $0.81, exceeding consensus estimates.

Public Employees Retirement System of Ohio lessened its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 7.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 272,459 shares of the specialty retailer's stock after selling 20,745 shares during the period. Public Employees Retirement System of Ohio owned about 0.05% of Tractor Supply worth $14,378,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Tractor Supply by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer's stock valued at $3,671,391,000 after acquiring an additional 2,597,450 shares during the period. Wellington Management Group LLP grew its holdings in Tractor Supply by 16.0% during the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer's stock valued at $1,521,023,000 after purchasing an additional 3,815,520 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Tractor Supply by 10.8% during the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer's stock valued at $1,359,036,000 after purchasing an additional 2,408,373 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Tractor Supply by 14.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer's stock valued at $657,214,000 after purchasing an additional 1,510,489 shares in the last quarter. Finally, Select Equity Group L.P. grew its holdings in Tractor Supply by 16.8% during the 1st quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer's stock valued at $493,696,000 after purchasing an additional 1,290,771 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 90,000 shares of Tractor Supply 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 completion of the transaction, the chief financial officer directly owned 47,715 shares of the company's stock, valued at approximately $3,051,851.40. The trade was a 65.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Colin Yankee sold 6,680 shares of Tractor Supply stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $58.40, for a total transaction of $390,112.00. Following the completion of the transaction, the executive vice president directly owned 40,142 shares of the company's stock, valued at $2,344,292.80. This trade represents a 14.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 148,050 shares of company stock worth $9,070,162. Corporate insiders own 0.65% of the company's stock.

Tractor Supply Price Performance

Shares of TSCO stock opened at $56.52 on Friday. The firm has a market cap of $29.95 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.90 and a beta of 0.76. 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 Company has a 1-year low of $46.85 and a 1-year high of $63.99. The firm has a fifty day moving average of $59.71 and a two-hundred day moving average of $54.73.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, topping the consensus estimate 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 net margin of 7.18% and a return on equity of 46.83%. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $3.93 EPS. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. As a group, research analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 annualized dividend and a dividend yield of 1.6%. Tractor Supply's payout ratio is 45.10%.

Analysts Set New Price Targets

A number of research firms recently weighed in on TSCO. Raymond James Financial reaffirmed an "outperform" rating and set a $65.00 price target (up from $57.00) on shares of Tractor Supply in a report on Friday, July 25th. UBS Group raised their price target on shares of Tractor Supply from $54.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Telsey Advisory Group set a $70.00 price target on shares of Tractor Supply in a report on Friday, July 25th. Robert W. Baird raised their price target on shares of Tractor Supply from $56.00 to $61.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, Wall Street Zen raised shares of Tractor Supply from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $62.15.

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.

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