SCS Capital Management LLC Buys New Position in Tractor Supply Company $TSCO

Key Points

• SCS Capital Management LLC invested approximately $368,000 in Tractor Supply Company, acquiring 6,678 shares of the stock in the first quarter.
• Several institutional investors significantly increased their positions in Tractor Supply during the fourth quarter, with Bison Wealth LLC growing its position by 356.1% and Focus Partners Wealth by 631.3%.
• Tractor Supply reported earnings of $0.81 per share, exceeding expectations, with a revenue of $4.44 billion for the quarter, reflecting a 4.5% increase year-over-year.

SCS Capital Management LLC acquired a new position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,678 shares of the specialty retailer's stock, valued at approximately $368,000.

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

Insider Buying and Selling

In related news, EVP Colin Yankee sold 6,680 shares of the business's stock in a transaction that occurred on 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 owned 40,142 shares of the company's stock, valued at approximately $2,344,292.80. The trade was a 14.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan S. Estep sold 56,630 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $53.00, for a total transaction of $3,001,390.00. Following the completion of the sale, the executive vice president owned 74,605 shares in the company, valued at $3,954,065. This represents a 43.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 204,680 shares of company stock valued at $12,071,552 in the last three months. Insiders own 0.65% of the company's stock.

Tractor Supply Stock Performance

Shares of TSCO stock traded up $0.59 during trading on Friday, reaching $60.61. 4,395,306 shares of the company's stock traded hands, compared to its average volume of 3,859,107. The firm's 50-day moving average is $59.40 and its 200 day moving average is $54.51. The company has a market capitalization of $32.12 billion, a P/E ratio of 29.74, a PEG ratio of 3.11 and a beta of 0.76. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The company has a current ratio of 1.28, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued 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. The business had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.40 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.93 EPS. 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 EPS for the current year.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, August 25th. Tractor Supply's dividend payout ratio (DPR) is 45.10%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TSCO shares. Robert W. Baird lifted their price target on Tractor Supply from $56.00 to $61.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. The Goldman Sachs Group reiterated a "buy" rating on shares of Tractor Supply in a research note on Friday, July 25th. Wall Street Zen upgraded shares of Tractor Supply from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Loop Capital lifted their price objective on shares of Tractor Supply from $48.00 to $60.00 and gave the stock a "hold" rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Tractor Supply from $56.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Thirteen analysts have rated the stock with a Buy rating and eight 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 an average target price of $61.80.

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.