Select Equity Group L.P. Grows Stock Position in Tractor Supply Company $TSCO

Key Points

• Select Equity Group L.P. increased its stake in Tractor Supply Company by 16.8%, now owning approximately 8.96 million shares, making it the firm's 19th largest holding.
• Tractor Supply reported Q2 earnings of $0.81 per share, exceeding expectations, with a 4.5% year-over-year revenue increase to $4.44 billion.
• The company announced a quarterly dividend of $0.23 per share, with a dividend yield of 1.5%, while insiders have sold over $12 million in shares recently.

Select Equity Group L.P. raised its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 16.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,959,995 shares of the specialty retailer's stock after purchasing an additional 1,290,771 shares during the period. Tractor Supply accounts for approximately 2.1% of Select Equity Group L.P.'s investment portfolio, making the stock its 19th biggest holding. Select Equity Group L.P. owned about 1.69% of Tractor Supply worth $493,696,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TSCO. Plancorp LLC acquired a new stake in shares of Tractor Supply in the first quarter worth $285,000. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Tractor Supply by 0.3% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 66,483 shares of the specialty retailer's stock valued at $3,663,000 after purchasing an additional 208 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Tractor Supply by 2.4% in the 1st quarter. NewEdge Advisors LLC now owns 827,694 shares of the specialty retailer's stock valued at $45,606,000 after purchasing an additional 19,763 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Tractor Supply by 5.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,942 shares of the specialty retailer's stock valued at $3,357,000 after purchasing an additional 3,377 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in Tractor Supply by 41.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 4,174,045 shares of the specialty retailer's stock valued at $229,990,000 after acquiring an additional 1,226,358 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tractor Supply

In related news, SVP Noni L. Ellison sold 5,200 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $63.96, for a total value of $332,592.00. Following the transaction, the senior vice president owned 28,639 shares in the company, valued at approximately $1,831,750.44. This trade represents a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 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 in the company, valued at $2,344,292.80. The trade was a 14.27% decrease in their position. 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 quarter. Insiders own 0.65% of the company's stock.

Tractor Supply Price Performance

NASDAQ:TSCO traded up $0.31 during trading hours on Friday, hitting $60.33. The company's stock had a trading volume of 1,612,197 shares, compared to its average volume of 5,416,214. The business's 50-day moving average is $59.28 and its two-hundred day moving average is $54.49. The company has a market capitalization of $31.97 billion, a PE ratio of 29.59, a PEG ratio of 3.00 and a beta of 0.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.80 by $0.01. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the previous year, the company earned $3.93 EPS. The company's quarterly 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. As a group, research analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 annualized dividend and a dividend yield of 1.5%. Tractor Supply's dividend payout ratio is presently 45.10%.

Analyst Ratings Changes

TSCO has been the topic of a number of research analyst reports. The Goldman Sachs Group reissued a "buy" rating on shares of Tractor Supply in a research note 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 note on Friday, July 25th. Wells Fargo & Company increased their price objective on Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Piper Sandler increased their price objective on Tractor Supply from $66.00 to $67.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. increased their price objective on 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 given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $61.80.

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.