Baird Financial Group Inc. Sells 52,003 Shares of Tractor Supply Company $TSCO

Key Points

• Baird Financial Group Inc. reduced its stake in Tractor Supply Company by 4.6%, now holding approximately 1,076,516 shares valued at $59.3 million.
• Tractor Supply recently reported earnings of $0.81 per share, exceeding estimates, with a revenue of $4.44 billion, a 4.5% increase year-over-year.
• The company declared a quarterly dividend of $0.23 per share, with an upcoming payment date of September 9th, reflecting a 1.5% annual yield.

Baird Financial Group Inc. cut its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,076,516 shares of the specialty retailer's stock after selling 52,003 shares during the quarter. Baird Financial Group Inc. owned about 0.20% of Tractor Supply worth $59,316,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GW&K Investment Management LLC boosted its stake in 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. Dunhill Financial LLC boosted its position in shares of Tractor Supply by 325.8% during the fourth quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 391 shares in the last quarter. Pacific Center for Financial Services boosted its position in shares of Tractor Supply by 400.0% during the fourth quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 440 shares in the last quarter. LRI Investments LLC boosted its position in shares of Tractor Supply by 400.0% during the fourth quarter. LRI Investments LLC now owns 615 shares of the specialty retailer's stock worth $33,000 after purchasing an additional 492 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of Tractor Supply during the first quarter worth $39,000. 98.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on TSCO. Evercore ISI raised their price objective on shares of Tractor Supply from $60.00 to $65.00 and gave the stock an "in-line" rating in a report on Friday, July 25th. Telsey Advisory Group set a $70.00 target price on shares of Tractor Supply in a report on Friday, July 25th. Wells Fargo & Company lifted their price objective on shares of Tractor Supply from $63.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Bank of America upgraded Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 price target for the company in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Tractor Supply in a research report on Friday, July 25th. Thirteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $61.80.

Tractor Supply Stock Performance

TSCO stock traded down $1.38 during midday trading on Wednesday, hitting $60.14. The company's stock had a trading volume of 6,107,588 shares, compared to its average volume of 5,490,886. The stock has a market cap of $31.87 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 3.17 and a beta of 0.76. 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 1 year low of $46.85 and a 1 year high of $63.99. The stock's 50-day moving average price is $58.37 and its 200 day moving average price is $54.34.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.40 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The company's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $3.93 earnings per share. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. On average, equities analysts forecast that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, August 25th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $0.92 annualized dividend and a yield of 1.5%. Tractor Supply's payout ratio is currently 45.10%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, 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 transaction of $390,112.00. Following the completion of the sale, the executive vice president directly owned 40,142 shares in the company, valued at $2,344,292.80. The trade was a 14.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Denise L. Jackson sold 1,165 shares of Tractor Supply stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $58.50, for a total transaction of $68,152.50. Following the sale, the director owned 31,123 shares of the company's stock, valued at approximately $1,820,695.50. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 204,680 shares of company stock valued at $12,071,552 over the last quarter. Company 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.