Riverbridge Partners LLC Purchases New Shares in Tractor Supply Company $TSCO

Key Points

• Riverbridge Partners LLC has acquired a new stake in Tractor Supply Company, purchasing 36,376 shares valued at approximately $1,920,000.
• Tractor Supply recently reported earnings of $0.81 per share for the quarter, surpassing analysts' expectations, with revenue also exceeding projections at $4.44 billion.
• The company declared a quarterly dividend of $0.23 per share, resulting in an annualized yield of 1.6%, with the payout ratio currently at 45.10%.

Riverbridge Partners LLC purchased a new stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 36,376 shares of the specialty retailer's stock, valued at approximately $1,920,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSCO. Bison Wealth LLC increased its holdings in Tractor Supply by 356.1% during the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer's stock valued at $341,000 after purchasing an additional 5,017 shares in the last quarter. GTS Securities LLC boosted its position in Tractor Supply by 1,950.2% in the 4th quarter. GTS Securities LLC now owns 4,237 shares of the specialty retailer's stock valued at $225,000 after buying an additional 4,466 shares during the last quarter. Toronto Dominion Bank boosted its position in Tractor Supply by 371.9% in the 4th quarter. Toronto Dominion Bank now owns 191,480 shares of the specialty retailer's stock valued at $10,160,000 after buying an additional 150,905 shares during the last quarter. Forum Financial Management LP boosted its position in Tractor Supply by 415.4% in the 4th quarter. Forum Financial Management LP now owns 3,860 shares of the specialty retailer's stock valued at $205,000 after buying an additional 3,111 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in Tractor Supply by 522.4% in the 4th quarter. Mackenzie Financial Corp now owns 122,765 shares of the specialty retailer's stock valued at $6,514,000 after buying an additional 103,041 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Stock Down 2.1%

NASDAQ:TSCO opened at $57.35 on Thursday. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $30.39 billion, a P/E ratio of 28.14, a P/E/G ratio of 3.01 and a beta of 0.76. The stock's fifty day simple moving average is $59.72 and its 200-day simple moving average is $54.72.

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

Tractor Supply Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Bank of America upgraded Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 price objective on the stock in a research report on Thursday, July 24th. DA Davidson increased their price objective on Tractor Supply from $65.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Truist Financial increased their price objective on Tractor Supply from $60.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Robert W. Baird increased their price objective on Tractor Supply from $56.00 to $61.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, 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 report on Friday, July 25th. Thirteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $62.15.

Insider Transactions at Tractor Supply

In other Tractor Supply news, EVP Jonathan S. Estep sold 35,825 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $56.00, for a total value of $2,006,200.00. Following the completion of the transaction, the executive vice president directly owned 74,605 shares of the company's stock, valued at approximately $4,177,880. The trade was a 32.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kurt D. Barton sold 90,000 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $5,756,400.00. Following the transaction, the chief financial officer directly owned 47,715 shares of the company's stock, valued at $3,051,851.40. This represents a 65.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,050 shares of company stock valued at $9,070,162. Insiders own 0.65% of the company's stock.

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.