Tractor Supply Company $TSCO Position Boosted by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its holdings in Tractor Supply Company by 20.9% during the second quarter, bringing its total to 36,081 shares valued at approximately $1.9 million.
• Tractor Supply reported a 4.5% increase in year-over-year revenue for the recent quarter, with earnings per share of $0.81, beating analyst estimates.
• The company declared a quarterly dividend of $0.23 per share, resulting in an annualized yield of 1.5%, with a payout ratio of 45.10%.

Thurston Springer Miller Herd & Titak Inc. increased its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 20.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,081 shares of the specialty retailer's stock after buying an additional 6,232 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Tractor Supply were worth $1,904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. APG Asset Management N.V. boosted its stake in Tractor Supply by 33.3% during the 1st quarter. APG Asset Management N.V. now owns 475,484 shares of the specialty retailer's stock valued at $24,254,000 after purchasing an additional 118,884 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Tractor Supply by 19.4% during the 1st quarter. Ameriprise Financial Inc. now owns 2,064,224 shares of the specialty retailer's stock valued at $113,745,000 after purchasing an additional 335,563 shares in the last quarter. Bahl & Gaynor Inc. boosted its stake in Tractor Supply by 31.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 177,636 shares of the specialty retailer's stock valued at $9,788,000 after purchasing an additional 41,989 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Tractor Supply by 7.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 70,944 shares of the specialty retailer's stock valued at $3,911,000 after purchasing an additional 5,184 shares in the last quarter. Finally, Sowell Financial Services LLC boosted its stake in Tractor Supply by 49.3% during the 1st quarter. Sowell Financial Services LLC now owns 20,029 shares of the specialty retailer's stock valued at $1,104,000 after purchasing an additional 6,612 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Colin Yankee sold 6,680 shares of Tractor Supply stock in a transaction on Monday, July 28th. The stock was 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 owned 40,142 shares of the company's stock, valued at approximately $2,344,292.80. This trade represents a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kurt D. Barton sold 90,000 shares of Tractor Supply stock in a transaction on 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 sale, the chief financial officer directly owned 47,715 shares of the company's stock, valued at approximately $3,051,851.40. The trade was a 65.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 204,680 shares of company stock valued at $12,071,552. 0.65% of the stock is currently owned by company insiders.

Tractor Supply Price Performance

TSCO opened at $60.61 on Friday. The stock has a market cap of $32.12 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 3.08 and a beta of 0.76. Tractor Supply Company has a 1 year low of $46.85 and a 1 year 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 fifty day moving average price of $59.40 and a 200 day moving average price of $54.51.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. The firm 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 business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.93 earnings per share. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. Analysts forecast that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company 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. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a yield of 1.5%. Tractor Supply's dividend payout ratio (DPR) is presently 45.10%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TSCO. Robert W. Baird increased their price target on Tractor Supply from $56.00 to $61.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Bank of America raised Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 price objective for the company in a research note on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on Tractor Supply from $56.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Raymond James Financial reissued an "outperform" rating and set a $65.00 price objective (up from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. Finally, Wells Fargo & Company raised their price objective on Tractor Supply from $63.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Thirteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $61.80.

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.

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