Simplicity Wealth LLC Has $2.22 Million Holdings in Tractor Supply Company $TSCO

Key Points

• Simplicity Wealth LLC increased its holdings in Tractor Supply Company by 109.8% in the second quarter, now owning 42,008 shares valued at $2.22 million.
• Multiple analysts have raised their price targets for Tractor Supply, with Bank of America upgrading their rating to "buy" and setting a target price of $70.00.
• Insider transactions revealed significant stock sales, with CFO Kurt D. Barton selling 90,000 shares valued at approximately $5.76 million, indicating a 65.35% decrease in his ownership.

Simplicity Wealth LLC increased its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 109.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,008 shares of the specialty retailer's stock after purchasing an additional 21,981 shares during the quarter. Simplicity Wealth LLC's holdings in Tractor Supply were worth $2,217,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC increased its position in shares of Tractor Supply by 89.3% in the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 226 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in Tractor Supply in the second quarter valued at approximately $35,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Tractor Supply during the 1st quarter worth approximately $39,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Tractor Supply during the 1st quarter worth approximately $41,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Tractor Supply during the 1st quarter worth approximately $41,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TSCO has been the topic of a number of recent analyst reports. Bank of America upgraded shares of Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 target price on the stock in a report on Thursday, July 24th. DA Davidson boosted their price objective on shares of Tractor Supply from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Loop Capital raised their target price on shares of Tractor Supply from $48.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, July 25th. Weiss Ratings reissued a "buy (b)" rating on shares of Tractor Supply in a research report on Saturday, September 27th. Finally, Telsey Advisory Group set a $70.00 price objective on Tractor Supply in a research note on Friday, July 25th. Fourteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $62.15.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 90,000 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 $5,756,400.00. Following the sale, the chief financial officer owned 47,715 shares in the company, valued at $3,051,851.40. This trade represents a 65.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Colin Yankee sold 6,680 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $58.40, for a total transaction of $390,112.00. Following the transaction, the executive vice president owned 40,142 shares of the company's stock, valued at $2,344,292.80. This trade represents a 14.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,045 shares of company stock worth $6,719,757 in the last ninety days. Insiders own 0.65% of the company's stock.

Tractor Supply Trading Down 0.7%

TSCO opened at $55.83 on Monday. The stock has a market capitalization of $29.59 billion, a price-to-earnings ratio of 27.39, a P/E/G ratio of 2.86 and a beta of 0.73. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The company has a 50-day simple moving average of $59.45 and a 200 day simple moving average of $54.91.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. The company had revenue of $4.44 billion during 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%. During the same period in the previous year, the company earned $3.93 EPS. The business's revenue for the quarter 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. Analysts predict that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, August 25th. Tractor Supply's payout ratio is currently 45.10%.

About Tractor Supply

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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