Southern Capital Advisors LLC Raises Position in Tractor Supply Company $TSCO

Key Points

• Southern Capital Advisors LLC significantly increased its stake in Tractor Supply Company by 375.6%, acquiring a total of 52,434 shares valued at approximately $2.77 million.
• Analysts have raised their target prices for Tractor Supply, with recommendations ranging from $65.00 to $70.00, indicating a strong market sentiment towards the stock.
• Tractor Supply's recent earnings report exceeded expectations, with $0.81 EPS against the forecast of $0.80, reflecting a 4.5% year-over-year revenue increase.

Southern Capital Advisors LLC raised its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 375.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,434 shares of the specialty retailer's stock after acquiring an additional 41,410 shares during the quarter. Tractor Supply makes up about 1.4% of Southern Capital Advisors LLC's holdings, making the stock its 18th largest holding. Southern Capital Advisors LLC's holdings in Tractor Supply were worth $2,767,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TSCO. GW&K Investment Management LLC lifted its holdings in Tractor Supply by 89.3% in the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 226 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Tractor Supply in the second quarter worth about $35,000. Financial Gravity Asset Management Inc. acquired a new position in Tractor Supply during the first quarter worth about $39,000. Smallwood Wealth Investment Management LLC acquired a new position in Tractor Supply during the first quarter worth about $41,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Tractor Supply during the 1st quarter valued at about $41,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Raymond James Financial restated an "outperform" rating and set a $65.00 target price (up from $57.00) on shares of Tractor Supply in a report on Friday, July 25th. Telsey Advisory Group set a $70.00 price target on Tractor Supply in a research report on Friday, July 25th. JPMorgan Chase & Co. increased their target price on Tractor Supply from $56.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Tractor Supply in a research report on Friday, July 25th. Finally, UBS Group lifted their price objective on shares of Tractor Supply from $54.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Thirteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $62.15.

Insider Activity at Tractor Supply

In other news, EVP Jonathan S. Estep sold 35,825 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $56.00, for a total value of $2,006,200.00. Following the completion of the sale, the executive vice president directly owned 74,605 shares of the company's stock, valued at $4,177,880. This trade represents a 32.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Colin Yankee sold 6,680 shares of Tractor Supply stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $58.40, for a total value of $390,112.00. Following the completion of the sale, the executive vice president owned 40,142 shares in the company, valued at approximately $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 have sold a total of 148,050 shares of company stock worth $9,070,162 in the last three months. 0.65% of the stock is currently owned by corporate insiders.

Tractor Supply Stock Down 1.6%

TSCO stock opened at $56.42 on Friday. The company's 50 day moving average is $59.71 and its two-hundred day moving average is $54.72. Tractor Supply Company has a twelve month low of $46.85 and a twelve month 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. The stock has a market cap of $29.90 billion, a P/E ratio of 27.68, a PEG ratio of 2.95 and a beta of 0.76.

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

Tractor Supply Announces Dividend

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

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.

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