TD Asset Management Inc Purchases 6,368 Shares of Tractor Supply Company $TSCO

Key Points

• TD Asset Management Inc has increased its stake in Tractor Supply Company by 2.4% to a total of 273,785 shares, valued at approximately $14.45 million.
• Insider sales have occurred recently, with CFO Kurt D. Barton selling 90,000 shares for about $5.76 million, representing a 65.35% decrease in ownership.
• Wall Street analysts have upgraded their price targets for Tractor Supply, with a consensus rating of "Moderate Buy" and a target price around $62.45.

TD Asset Management Inc increased its position in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 273,785 shares of the specialty retailer's stock after acquiring an additional 6,368 shares during the quarter. TD Asset Management Inc owned about 0.05% of Tractor Supply worth $14,448,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TSCO. GW&K Investment Management LLC raised 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 worth $26,000 after acquiring an additional 226 shares during the period. Opal Wealth Advisors LLC bought a new position in Tractor Supply in the 2nd quarter worth $35,000. Financial Gravity Asset Management Inc. bought a new position in Tractor Supply in the 1st quarter worth $39,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Tractor Supply during the 1st quarter worth about $41,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Tractor Supply during the 1st quarter worth about $41,000. Institutional investors own 98.72% of the company's stock.

Insider Activity

In other Tractor Supply news, CFO Kurt D. Barton sold 90,000 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer directly owned 47,715 shares in the company, valued at $3,051,851.40. The trade was a 65.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Denise L. Jackson sold 1,165 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $58.50, for a total transaction of $68,152.50. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,045 shares of company stock valued at $6,547,257 in the last ninety days. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TSCO shares. Raymond James Financial restated an "outperform" rating and set a $65.00 price objective (up previously from $57.00) on shares of Tractor Supply in a 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 stock an "overweight" rating in a report on Friday, July 25th. Telsey Advisory Group restated an "outperform" rating and set a $70.00 price objective on shares of Tractor Supply in a report on Friday. The Goldman Sachs Group restated a "buy" rating on shares of Tractor Supply in a report on Friday, July 25th. Finally, Loop Capital boosted their price objective on shares of Tractor Supply from $48.00 to $60.00 and gave the stock a "hold" rating in a report on Friday, July 25th. Fifteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.45.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $55.20 on Friday. 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 firm's 50-day simple moving average is $58.63 and its 200-day simple moving average is $54.95. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The firm has a market cap of $29.25 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 2.83 and a beta of 0.73.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates 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 was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.93 EPS. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. As a group, research analysts expect that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were given a $0.23 dividend. 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 payout ratio 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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