Alecta Tjanstepension Omsesidigt Reduces 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 stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 8.0% in the 2nd quarter, according to its most recent disclosure with the SEC. 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.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GW&K Investment Management LLC raised its stake in shares of Tractor Supply by 89.3% during 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 in the last quarter. Pacific Center for Financial Services raised its stake in Tractor Supply by 400.0% in the fourth quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock worth $29,000 after buying an additional 440 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new position in Tractor Supply in the first quarter worth approximately $39,000. Zions Bancorporation National Association UT bought a new position in Tractor Supply in the first quarter worth approximately $41,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in Tractor Supply in the first quarter worth approximately $41,000. Institutional investors own 98.72% of the company's stock.

Analysts Set New Price Targets

TSCO has been the subject of a number of recent research reports. Telsey Advisory Group set a $70.00 price objective on shares of Tractor Supply in a research note on Friday, July 25th. Piper Sandler boosted their price objective on shares of Tractor Supply from $66.00 to $67.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Robert W. Baird boosted their price objective on shares of Tractor Supply from $56.00 to $61.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Evercore ISI boosted their price objective on shares of Tractor Supply from $60.00 to $65.00 and gave the stock an "in-line" rating in a research note on Friday, July 25th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Tractor Supply in a research note on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $62.19.

Tractor Supply Stock Down 0.4%

NASDAQ TSCO traded down $0.21 on Friday, hitting $59.66. The stock had a trading volume of 6,769,867 shares, compared to its average volume of 4,013,089. The business's fifty day moving average price is $59.64 and its 200 day moving average price is $54.67. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99. The stock has a market cap of $31.62 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 3.08 and a beta of 0.76.

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

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were issued 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 dividend yield of 1.5%. Tractor Supply's payout ratio is 45.10%.

Insider Activity

In other news, EVP Jonathan S. Estep sold 35,825 shares of the business'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 directly owned 74,605 shares of the company's stock, valued at $4,177,880. The trade was a 32.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kurt D. Barton sold 90,000 shares of the business's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $63.96, for a total transaction of $5,756,400.00. Following the sale, the chief financial officer directly owned 47,715 shares in the company, valued at $3,051,851.40. This trade represents a 65.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 204,680 shares of company stock valued at $12,071,552. 0.65% of the stock is owned by corporate insiders.

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.