Tractor Supply Company $TSCO Shares Sold by Amundi

Amundi cut its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 38.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,754,724 shares of the specialty retailer's stock after selling 1,694,511 shares during the period. Amundi owned approximately 0.53% of Tractor Supply worth $87,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Elevation Wealth Partners LLC grew its holdings in Tractor Supply by 1,253.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer's stock valued at $25,000 after buying an additional 727 shares in the last quarter. Reflection Asset Management acquired a new stake in shares of Tractor Supply in the 4th quarter worth $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Tractor Supply during the 2nd quarter worth $26,000. Core Wealth Advisors LLC purchased a new position in shares of Tractor Supply during the 4th quarter worth $27,000. Finally, Community Financial Services Group LLC boosted its position in shares of Tractor Supply by 3,240.0% during the 2nd quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 810 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Tractor Supply Stock Down 3.7%

Shares of NASDAQ TSCO opened at $34.00 on Thursday. The company has a market capitalization of $17.83 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 3.81 and a beta of 0.48. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23. The business has a 50-day moving average of $32.94 and a two-hundred day moving average of $36.84. Tractor Supply Company has a 1 year low of $28.36 and a 1 year high of $60.85.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The business had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same quarter in the previous year, the company posted $0.81 EPS. The company's revenue was up 2.3% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, analysts forecast that Tractor Supply Company will post 1.93 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 8th. Shareholders of record on Monday, August 24th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a yield of 2.8%. Tractor Supply's dividend payout ratio (DPR) is presently 50.00%.

Insiders Place Their Bets

In related news, CEO Harry A. Lawton III bought 15,600 shares of the stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the acquisition, the chief executive officer owned 15,600 shares in the company, valued at approximately $501,540. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edna Morris bought 1,560 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the transaction, the director directly owned 279,720 shares in the company, valued at approximately $9,074,116.80. The trade was a 0.56% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 20,310 shares of company stock valued at $652,411. 0.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSCO. Robert W. Baird dropped their price objective on shares of Tractor Supply from $50.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Raymond James Financial decreased their target price on shares of Tractor Supply from $48.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, July 17th. The Goldman Sachs Group restated a "buy" rating and set a $38.00 price target (down from $43.00) on shares of Tractor Supply in a report on Friday, July 24th. DA Davidson decreased their price objective on Tractor Supply from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, June 22nd. Finally, Piper Sandler set a $31.00 price objective on Tractor Supply and gave the company a "neutral" rating in a report on Friday, July 24th. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $39.31.

About Tractor Supply

Tractor Supply Company NASDAQ: TSCO is a specialty retailer serving the needs of recreational farmers, ranchers, homeowners, pet owners and other customers who live a rural lifestyle. The company operates Tractor Supply stores across the United States, offering products designed for agriculture, home improvement, outdoor living and animal care.

Its merchandise includes livestock and pet supplies, agricultural and lawn-and-garden equipment, tools, hardware, fencing, workwear, footwear, outdoor power equipment, seasonal goods and home products.

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