Sequoia Financial Advisors LLC Raises Position in Tractor Supply Company $TSCO

Sequoia Financial Advisors LLC increased its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 10.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,428 shares of the specialty retailer's stock after purchasing an additional 12,195 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Tractor Supply were worth $6,566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Montrusco Bolton Investments Inc. purchased a new position in Tractor Supply in the 2nd quarter worth $49,131,000. Hazlett Burt & Watson Inc. raised its position in Tractor Supply by 89.6% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the specialty retailer's stock worth $49,000 after purchasing an additional 450 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Tractor Supply by 56.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 111,118 shares of the specialty retailer's stock valued at $6,009,000 after acquiring an additional 40,174 shares during the period. SPC Financial Inc. increased its position in shares of Tractor Supply by 3.3% in the second quarter. SPC Financial Inc. now owns 32,796 shares of the specialty retailer's stock valued at $1,731,000 after acquiring an additional 1,048 shares during the period. Finally, OFI Invest Asset Management increased its position in shares of Tractor Supply by 39.7% in the second quarter. OFI Invest Asset Management now owns 1,872 shares of the specialty retailer's stock valued at $99,000 after acquiring an additional 532 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $54.91 on Tuesday. The company has a 50 day simple moving average of $58.99 and a two-hundred day simple moving average of $54.94. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two 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 company has a market capitalization of $29.10 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 2.78 and a beta of 0.73.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $3.93 earnings per share. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. Analysts expect that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were given a dividend of $0.23 per share. The ex-dividend date was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. Tractor Supply's dividend payout ratio is 45.10%.

Insider Activity at Tractor Supply

In related news, SVP Noni L. Ellison sold 5,200 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $63.96, for a total transaction of $332,592.00. Following the transaction, the senior vice president owned 28,639 shares in the company, valued at $1,831,750.44. This represents a 15.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Denise L. Jackson sold 1,165 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $58.50, for a total transaction of $68,152.50. Following the transaction, the director owned 31,123 shares in the company, valued at approximately $1,820,695.50. This trade represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,045 shares of company stock worth $6,547,257 in the last three months. 0.65% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TSCO shares. Telsey Advisory Group set a $70.00 price objective on shares of Tractor Supply in a research report on Friday, July 25th. Raymond James Financial restated an "outperform" rating and issued a $65.00 price objective (up previously from $57.00) on shares of Tractor Supply in a research report on Friday, July 25th. Wells Fargo & Company boosted their price objective on shares of Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Citigroup upgraded shares of Tractor Supply from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $60.00 to $62.00 in a research report on Thursday. Finally, Evercore ISI decreased their price objective on shares of Tractor Supply from $65.00 to $60.00 and set an "in-line" rating on the stock in a research report on Tuesday, October 7th. Fifteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $62.45.

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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