Teza Capital Management LLC Invests $578,000 in Tractor Supply Company $TSCO

Key Points

• Teza Capital Management LLC has acquired 10,483 shares of Tractor Supply Company, valued at approximately $578,000, during the first quarter of 2023.
• Several other institutional investors have also increased their holdings, with GW&K Investment Management LLC boosting its position by 89.3% in the same period.
• Analysts have raised their target prices for Tractor Supply, with Loop Capital increasing its target from $48.00 to $60.00, reflecting positive sentiment surrounding the company's growth potential.

Teza Capital Management LLC bought a new position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 10,483 shares of the specialty retailer's stock, valued at approximately $578,000.

Several other institutional investors also recently made changes to their positions in the stock. Hancock Whitney Corp boosted its position in shares of Tractor Supply by 2.0% during the 1st quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer's stock worth $543,000 after purchasing an additional 194 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in shares of Tractor Supply by 0.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 66,483 shares of the specialty retailer's stock worth $3,663,000 after purchasing an additional 208 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Tractor Supply by 2.5% during the 1st quarter. Wedmont Private Capital now owns 8,714 shares of the specialty retailer's stock worth $450,000 after purchasing an additional 212 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Tractor Supply by 30.1% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer's stock worth $51,000 after purchasing an additional 213 shares in the last quarter. Finally, Independent Wealth Network Inc. boosted its position in shares of Tractor Supply by 5.2% during the 1st quarter. Independent Wealth Network Inc. now owns 4,335 shares of the specialty retailer's stock worth $239,000 after purchasing an additional 215 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Trading Up 0.6%

TSCO traded up $0.37 during midday trading on Friday, hitting $60.39. The company's stock had a trading volume of 2,894,084 shares, compared to its average volume of 5,423,464. 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 firm has a market cap of $32.00 billion, a P/E ratio of 29.62, a PEG ratio of 3.00 and a beta of 0.76. The firm has a 50-day moving average price of $59.28 and a two-hundred day moving average price of $54.49. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly 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 return on equity of 46.83% and a net margin of 7.18%.The firm's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.93 EPS. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. On average, research analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were issued a $0.23 dividend. The ex-dividend date was Monday, August 25th. This represents a $0.92 annualized dividend and a yield of 1.5%. Tractor Supply's payout ratio is 45.10%.

Insider Buying and Selling

In other news, EVP Jonathan S. Estep sold 35,825 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $56.00, for a total transaction of $2,006,200.00. Following the completion of the sale, the executive vice president owned 74,605 shares in the company, valued at approximately $4,177,880. The trade was a 32.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kurt D. Barton sold 90,000 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was 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 of the company's stock, valued at $3,051,851.40. The trade was a 65.35% 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 over the last ninety days. Insiders own 0.65% of the company's stock.

Analyst Upgrades and Downgrades

TSCO has been the topic of several research analyst reports. UBS Group boosted their target price on shares of Tractor Supply from $54.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Tractor Supply in a research note on Friday, July 25th. Raymond James Financial reaffirmed an "outperform" rating and set a $65.00 price target (up previously from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. Bank of America raised shares of Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 target price for the company in a research note on Thursday, July 24th. Finally, DA Davidson boosted their target price on shares of Tractor Supply from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.80.

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.