Ameriprise Financial Inc. Acquires 335,563 Shares of Tractor Supply Company $TSCO

Key Points

• Ameriprise Financial Inc. increased its stake in Tractor Supply Company by 19.4%, owning approximately 2,064,224 shares valued at $113.7 million.
• A number of other institutional investors, such as Select Equity Group and Northern Trust Corp, significantly boosted their positions in Tractor Supply during the fourth quarter, reflecting high institutional interest in the stock.
• Tractor Supply recently announced a quarterly dividend of $0.23 per share, yielding 1.5%, with an ex-dividend date set for August 25th.

Ameriprise Financial Inc. boosted its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 19.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,064,224 shares of the specialty retailer's stock after purchasing an additional 335,563 shares during the period. Ameriprise Financial Inc. owned 0.39% of Tractor Supply worth $113,745,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSCO. Select Equity Group L.P. grew its position in Tractor Supply by 405.6% during the 4th quarter. Select Equity Group L.P. now owns 7,669,224 shares of the specialty retailer's stock worth $406,929,000 after purchasing an additional 6,152,333 shares in the last quarter. Northern Trust Corp grew its position in Tractor Supply by 503.4% during the 4th quarter. Northern Trust Corp now owns 6,025,677 shares of the specialty retailer's stock worth $319,722,000 after purchasing an additional 5,026,980 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Tractor Supply by 476.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,910,178 shares of the specialty retailer's stock worth $260,534,000 after purchasing an additional 4,058,875 shares in the last quarter. Wellington Management Group LLP grew its position in Tractor Supply by 16.0% during the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer's stock worth $1,521,023,000 after purchasing an additional 3,815,520 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Tractor Supply during the 4th quarter worth approximately $156,404,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TSCO has been the topic of several research analyst reports. UBS Group lifted their price objective on shares of Tractor Supply from $54.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Bank of America upgraded shares of Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 target price for the company in a research report on Thursday, July 24th. The Goldman Sachs Group reiterated a "buy" rating on shares of Tractor Supply in a research report on Friday, July 25th. JPMorgan Chase & Co. increased their target price on shares of Tractor Supply from $56.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Finally, Truist Financial increased their target price on shares of Tractor Supply from $60.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Thirteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Tractor Supply has a consensus rating of "Moderate Buy" and a consensus price target of $61.80.

Insider Transactions at Tractor Supply

In other Tractor Supply news, Director Denise L. Jackson sold 1,165 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $58.50, for a total value of $68,152.50. Following the completion of the sale, the director directly owned 31,123 shares of the company's stock, valued at $1,820,695.50. This represents a 3.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kurt D. Barton sold 90,000 shares of the 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 completion of the sale, the chief financial officer directly owned 47,715 shares of the company's stock, valued at approximately $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 quarter, insiders sold 204,680 shares of company stock worth $12,071,552. 0.65% of the stock is currently owned by insiders.

Tractor Supply Stock Performance

NASDAQ:TSCO traded up $0.27 during midday trading on Thursday, reaching $62.65. The stock had a trading volume of 3,708,318 shares, compared to its average volume of 5,502,434. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99. The firm's fifty day simple moving average is $57.65 and its 200-day simple moving average is $54.19. 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 stock has a market capitalization of $33.20 billion, a P/E ratio of 30.74, a PEG ratio of 3.17 and a beta of 0.75.

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. 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 last year, the business posted $3.93 EPS. Tractor Supply's revenue was up 4.5% compared to the same quarter last year. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. On average, equities research analysts forecast that Tractor Supply Company will post 2.17 EPS 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. Shareholders of record on Monday, August 25th will be issued a $0.23 dividend. The ex-dividend date of this dividend is 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 is 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.