Alecta Tjanstepension Omsesidigt Has $165.28 Million Stock Position in Tractor Supply Company $TSCO

Key Points

• Alecta Tjanstepension Omsesidigt reduced its position in Tractor Supply Company by 8.0%, selling 272,600 shares during the second quarter and maintaining a total of 3,134,400 shares valued at approximately $165.3 million.
• Research firms have recently upgraded their ratings on Tractor Supply, with Bank of America raising its rating to "buy" and setting a price target of $70.00.
• The company reported earnings per share (EPS) of $0.81 for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.23 per share.

Alecta Tjanstepension Omsesidigt lessened its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 8.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,134,400 shares of the specialty retailer's stock after selling 272,600 shares during the period. Alecta Tjanstepension Omsesidigt owned about 0.59% of Tractor Supply worth $165,277,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. 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 acquiring 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 acquiring 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 acquiring 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 acquiring 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 acquiring an additional 215 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Tractor Supply Trading Down 2.5%

Shares of NASDAQ:TSCO traded down $1.52 during mid-day trading on Monday, reaching $58.14. 4,334,704 shares of the company's stock were exchanged, compared to its average volume of 4,190,074. The firm has a market capitalization of $30.81 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.06 and a beta of 0.76. The business's fifty day moving average price is $59.65 and its 200-day moving average price is $54.68. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. The company 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%. Tractor Supply's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.93 earnings per share. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. On average, research analysts predict that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

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 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 1.6%. Tractor Supply's dividend payout ratio is 45.10%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TSCO shares. Robert W. Baird increased their price target on shares of Tractor Supply from $56.00 to $61.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. The Goldman Sachs Group reiterated a "buy" rating on shares of Tractor Supply in a research report on Friday, July 25th. Truist Financial raised their target price on shares of Tractor Supply from $60.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Wells Fargo & Company raised their target price on shares of Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, Telsey Advisory Group set a $70.00 target price on shares of Tractor Supply in a research report on Friday, July 25th. Fourteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Tractor Supply has a consensus rating of "Moderate Buy" and an average target price of $62.19.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, EVP Jonathan S. Estep sold 35,825 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $56.00, for a total transaction of $2,006,200.00. Following the sale, the executive vice president owned 74,605 shares of the company's stock, valued at approximately $4,177,880. This represents a 32.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Denise L. Jackson sold 1,165 shares of the company's stock in a transaction 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 directly owned 31,123 shares in the company, valued at $1,820,695.50. This trade represents a 3.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 148,050 shares of company stock valued at $9,070,162. 0.65% of the stock is owned by corporate insiders.

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.