Tractor Supply Company $TSCO Shares Purchased by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its holdings in Tractor Supply Company by 10.8%, acquiring an additional 2,408,373 shares, bringing its total ownership to approximately $1.36 billion.
• The company recently reported earnings of $0.81 EPS for the quarter, exceeding the consensus estimate of $0.80, along with a revenue of $4.44 billion.
• Tractor Supply has announced a quarterly dividend of $0.23 per share, reflecting an annualized dividend yield of 1.5%, set to be paid on September 9th.

Alliancebernstein L.P. boosted its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 10.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,664,907 shares of the specialty retailer's stock after acquiring an additional 2,408,373 shares during the period. Alliancebernstein L.P. owned 4.65% of Tractor Supply worth $1,359,036,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TSCO. Wedmont Private Capital lifted its stake 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 purchasing an additional 212 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Tractor Supply by 30.1% during the first quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer's stock worth $51,000 after purchasing an additional 213 shares in the last quarter. Independent Wealth Network Inc. lifted its stake in Tractor Supply by 5.2% during the first quarter. Independent Wealth Network Inc. now owns 4,335 shares of the specialty retailer's stock worth $239,000 after purchasing an additional 215 shares in the last quarter. GW&K Investment Management LLC lifted its stake in Tractor Supply by 89.3% during the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 226 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Tractor Supply by 21.2% during the first quarter. Assetmark Inc. now owns 1,331 shares of the specialty retailer's stock worth $73,000 after purchasing an additional 233 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Noni L. Ellison sold 5,200 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $63.96, for a total transaction of $332,592.00. Following the transaction, the senior vice president owned 28,639 shares of the company's stock, valued at $1,831,750.44. This trade represents a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jonathan S. Estep sold 56,630 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $53.00, for a total transaction of $3,001,390.00. Following the completion of the sale, the executive vice president owned 74,605 shares of the company's stock, valued at approximately $3,954,065. The trade was a 43.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 204,680 shares of company stock valued at $12,071,552. Insiders own 0.65% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on TSCO. Bank of America upgraded 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. Piper Sandler increased their price objective on Tractor Supply from $66.00 to $67.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. increased their price objective on Tractor Supply from $56.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Wall Street Zen upgraded Tractor Supply from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Evercore ISI increased their price objective on Tractor Supply from $60.00 to $65.00 and gave the company an "in-line" rating in a research note on Friday, July 25th. Thirteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Tractor Supply presently has an average rating of "Moderate Buy" and a consensus target price of $61.80.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $61.52 on Wednesday. The firm has a market capitalization of $32.60 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 3.17 and a beta of 0.76. The business's fifty day moving average price is $58.37 and its 200 day moving average price is $54.34. 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 12 month low of $46.85 and a 12 month high of $63.99.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, beating the consensus estimate 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 for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.93 earnings per share. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. On average, sell-side analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

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

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.

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