Royal Bank of Canada Grows Stake in Tractor Supply Company $TSCO

Key Points

• Royal Bank of Canada increased its stake in Tractor Supply Company by 2.9%, now owning approximately 1.86 million shares valued at over $102 million.
• Tractor Supply recently reported a quarterly earnings per share of $0.81, surpassing analyst expectations, with revenues up 4.5% year-over-year at $4.44 billion.
• The company announced a quarterly dividend of $0.23 per share, resulting in a 1.5% yield, payable on September 9th to investors of record on August 25th.

Royal Bank of Canada increased its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,855,836 shares of the specialty retailer's stock after purchasing an additional 53,035 shares during the quarter. Royal Bank of Canada owned approximately 0.35% of Tractor Supply worth $102,256,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. GW&K Investment Management LLC boosted its stake in Tractor Supply by 89.3% during the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock valued at $26,000 after buying an additional 226 shares during the last quarter. Dunhill Financial LLC grew its holdings in Tractor Supply by 325.8% during the 4th quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock valued at $27,000 after buying an additional 391 shares in the last quarter. Pacific Center for Financial Services grew its holdings in Tractor Supply by 400.0% during the 4th quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock valued at $29,000 after buying an additional 440 shares in the last quarter. LRI Investments LLC grew its holdings in Tractor Supply by 400.0% during the 4th quarter. LRI Investments LLC now owns 615 shares of the specialty retailer's stock valued at $33,000 after buying an additional 492 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. purchased a new position in Tractor Supply during the 1st quarter valued at approximately $39,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Price Performance

Shares of TSCO stock opened at $60.14 on Thursday. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28. The firm has a market capitalization of $31.87 billion, a P/E ratio of 29.51, a P/E/G ratio of 3.17 and a beta of 0.76. The stock has a 50 day moving average price of $58.51 and a 200 day moving average price of $54.38.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $4.40 billion. During the same period last year, the company earned $3.93 EPS. Tractor Supply's quarterly revenue was up 4.5% compared to the same quarter last year. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. As a group, sell-side analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on TSCO shares. DA Davidson raised their price target on Tractor Supply from $65.00 to $70.00 and gave the company a "buy" rating in a report on Friday, July 25th. Robert W. Baird raised their price target on Tractor Supply from $56.00 to $61.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Raymond James Financial restated an "outperform" rating and set a $65.00 price target (up previously from $57.00) on shares of Tractor Supply in a report on Friday, July 25th. JPMorgan Chase & Co. raised their price target on Tractor Supply from $56.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Finally, Loop Capital raised their price objective on Tractor Supply from $48.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, July 25th. Thirteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.80.

Insider Activity

In related news, CFO Kurt D. Barton sold 90,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total transaction of $5,756,400.00. Following the completion of the sale, the chief financial officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Colin Yankee sold 6,680 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $58.40, for a total value of $390,112.00. Following the sale, the executive vice president directly owned 40,142 shares of the company's stock, valued at $2,344,292.80. This represents a 14.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 204,680 shares of company stock worth $12,071,552 in the last three months. Corporate insiders own 0.65% of the company's stock.

Tractor Supply Company 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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