Sequoia Financial Advisors LLC Sells 88,637 Shares of Tractor Supply Company $TSCO

Key Points

• Sequoia Financial Advisors reduced its Tractor Supply stake by 59.2% in the second quarter, selling 88,637 shares and retaining 60,981 shares valued at approximately $1.93 million.
• Institutional ownership remains very high at 98.72%, with major investors including BlackRock, California State Teachers Retirement System, Norges Bank and Van ECK Associates making significant purchases.
• Analysts have a consensus “Hold” rating and an average price target of $39.31, while Tractor Supply reported slightly lower-than-expected quarterly earnings and revenue and currently pays a $0.24 quarterly dividend.

Sequoia Financial Advisors LLC lessened its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 59.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,981 shares of the specialty retailer's stock after selling 88,637 shares during the period. Sequoia Financial Advisors LLC's holdings in Tractor Supply were worth $1,928,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Tractor Supply in the 2nd quarter valued at $1,500,967,000. California State Teachers Retirement System raised its stake in Tractor Supply by 2,942.0% during the second quarter. California State Teachers Retirement System now owns 23,260,693 shares of the specialty retailer's stock worth $735,865,000 after buying an additional 22,496,041 shares during the last quarter. Norges Bank acquired a new position in Tractor Supply in the fourth quarter valued at $303,862,000. Van ECK Associates Corp boosted its position in Tractor Supply by 2,983.6% during the second quarter. Van ECK Associates Corp now owns 5,144,955 shares of the specialty retailer's stock valued at $162,632,000 after acquiring an additional 4,978,105 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Tractor Supply in the 2nd quarter worth about $110,137,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tractor Supply

In related news, Director Andre J. Hawaux acquired 3,150 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was purchased at an average cost of $31.83 per share, with a total value of $100,264.50. Following the acquisition, the director owned 3,150 shares of the company's stock, valued at approximately $100,264.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Edna Morris acquired 1,560 shares of the stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $32.44 per share, with a total value of $50,606.40. Following the completion of the purchase, the director owned 279,720 shares of the company's stock, valued at approximately $9,074,116.80. The trade was a 0.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 20,310 shares of company stock valued at $652,411 over the last three months. Corporate insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of recent analyst reports. Morgan Stanley reissued a "negative" rating and issued a $35.00 price objective on shares of Tractor Supply in a research note on Friday, July 24th. Robert W. Baird dropped their price target on Tractor Supply from $50.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, July 20th. TD Cowen restated a "hold" rating on shares of Tractor Supply in a report on Wednesday, July 15th. DA Davidson reduced their price objective on shares of Tractor Supply from $50.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, June 22nd. Finally, Piper Sandler set a $31.00 target price on shares of Tractor Supply and gave the company a "neutral" rating in a research report on Friday, July 24th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $39.31.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $33.83 on Tuesday. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $60.85. The stock's 50 day moving average is $33.08 and its 200-day moving average is $36.42. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $17.74 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 3.56 and a beta of 0.48.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Sell-side analysts forecast that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.96 annualized dividend and a dividend yield of 2.8%. Tractor Supply's payout ratio is presently 50.00%.

Tractor Supply Company Profile

Tractor Supply Company NASDAQ: TSCO is a specialty retailer serving the needs of recreational farmers, ranchers, homeowners, pet owners and other customers who live a rural lifestyle. The company operates Tractor Supply stores across the United States, offering products designed for agriculture, home improvement, outdoor living and animal care.

Its merchandise includes livestock and pet supplies, agricultural and lawn-and-garden equipment, tools, hardware, fencing, workwear, footwear, outdoor power equipment, seasonal goods and home products.

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