Sunpointe LLC Invests $303,000 in Tractor Supply Company $TSCO

Key Points

• Sunpointe LLC has acquired a new stake in Tractor Supply Company, investing approximately $303,000 for 5,737 shares in the second quarter.
• Tractor Supply's quarterly earnings surpassed expectations with an EPS of $0.81, and revenue reached $4.44 billion, up 4.5% year-over-year.
• The company announced a $0.23 quarterly dividend, resulting in an annualized yield of 1.6% and a payout ratio of 45.10%.

Sunpointe LLC bought a new stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,737 shares of the specialty retailer's stock, valued at approximately $303,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Hancock Whitney Corp raised its holdings in Tractor Supply by 2.0% in the 1st quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer's stock valued at $543,000 after acquiring an additional 194 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Tractor Supply by 0.3% in the first 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 last quarter. Wedmont Private Capital lifted its position in Tractor Supply by 2.5% during the first quarter. Wedmont Private Capital now owns 8,714 shares of the specialty retailer's stock worth $450,000 after buying an additional 212 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in Tractor Supply by 30.1% during the first quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer's stock worth $51,000 after buying an additional 213 shares in the last quarter. Finally, Independent Wealth Network Inc. grew its holdings in Tractor Supply by 5.2% in the 1st quarter. Independent Wealth Network Inc. now owns 4,335 shares of the specialty retailer's stock valued at $239,000 after buying an additional 215 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Tractor Supply Stock Up 0.2%

TSCO opened at $59.10 on Thursday. 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 cap of $31.32 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 3.03 and a beta of 0.76. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99. The business's fifty day moving average is $59.54 and its two-hundred day moving average is $54.60.

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 the consensus estimate of $0.80 by $0.01. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The business's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.93 EPS. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. Analysts anticipate 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. 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 payout ratio is currently 45.10%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Tractor Supply from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Raymond James Financial reiterated an "outperform" rating and issued a $65.00 price objective (up previously from $57.00) on shares of Tractor Supply in a report on Friday, July 25th. JPMorgan Chase & Co. raised their target price on Tractor Supply from $56.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Evercore ISI boosted their price target on shares of Tractor Supply from $60.00 to $65.00 and gave the stock an "in-line" rating in a research note on Friday, July 25th. Finally, Loop Capital increased their price target on shares of Tractor Supply from $48.00 to $60.00 and gave the stock a "hold" rating in a research report on Friday, July 25th. Thirteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $61.80.

Insider Transactions at Tractor Supply

In related news, CFO Kurt D. Barton sold 90,000 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total transaction of $5,756,400.00. Following the sale, the chief financial officer owned 47,715 shares of the company's stock, valued at $3,051,851.40. This trade represents a 65.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Colin Yankee sold 6,680 shares of the business's stock in a transaction dated 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 directly owned 40,142 shares of the company's stock, 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 have sold 204,680 shares of company stock worth $12,071,552 in the last quarter. Insiders own 0.65% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.