Tractor Supply Company $TSCO Shares Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. has increased its stake in Tractor Supply Company by 7.5% in the second quarter, totaling 71,553 shares worth approximately $3.78 million.
• Insider selling has occurred with CFO Kurt D. Barton divesting 90,000 shares valued at over $5.75 million, indicating a 65.35% decrease in his ownership.
• Tractor Supply Company reported earnings of $0.81 per share for the quarter, exceeding estimates by $0.01, amid a year-over-year revenue increase of 4.5%.

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 7.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,553 shares of the specialty retailer's stock after buying an additional 5,023 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Tractor Supply were worth $3,776,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Bison Wealth LLC increased its position in Tractor Supply by 356.1% during the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer's stock worth $341,000 after purchasing an additional 5,017 shares during the period. NBC Securities Inc. boosted its stake in shares of Tractor Supply by 180,400.0% in the first quarter. NBC Securities Inc. now owns 1,805 shares of the specialty retailer's stock valued at $99,000 after buying an additional 1,804 shares in the last quarter. Wedmont Private Capital grew its holdings in Tractor Supply by 2.5% during the first quarter. Wedmont Private Capital now owns 8,714 shares of the specialty retailer's stock worth $450,000 after acquiring an additional 212 shares during the period. Revolve Wealth Partners LLC acquired a new position in Tractor Supply during the first quarter worth $204,000. Finally, Park Avenue Securities LLC raised its position in Tractor Supply by 13.7% in the first quarter. Park Avenue Securities LLC now owns 8,690 shares of the specialty retailer's stock worth $479,000 after acquiring an additional 1,047 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Kurt D. Barton sold 90,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Noni L. Ellison sold 5,200 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total transaction of $332,592.00. Following the sale, the senior vice president owned 28,639 shares in the company, valued at approximately $1,831,750.44. This trade represents a 15.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,045 shares of company stock worth $6,719,757. Company insiders own 0.65% of the company's stock.

Tractor Supply Stock Down 2.0%

TSCO stock opened at $54.69 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16. The company's 50 day simple moving average is $59.38 and its 200-day simple moving average is $54.92. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The firm has a market capitalization of $28.98 billion, a PE ratio of 26.84, a P/E/G ratio of 2.86 and a beta of 0.73.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.Tractor Supply's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.93 EPS. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. Equities analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The business 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. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, August 25th. Tractor Supply's dividend payout ratio (DPR) is currently 45.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company boosted their target price on shares of Tractor Supply from $63.00 to $65.00 and gave the stock an "overweight" rating in a research report 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 report on Monday, July 21st. Raymond James Financial restated an "outperform" rating and set a $65.00 target price (up from $57.00) on shares of Tractor Supply in a research report on Friday, July 25th. Loop Capital lifted their price target on shares of Tractor Supply from $48.00 to $60.00 and gave the company a "hold" rating in a research report on Friday, July 25th. Finally, Bank of America raised Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 price target on the stock in a research note on Thursday, July 24th. Fourteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $62.15.

Tractor Supply 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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