Tractor Supply Company $TSCO Shares Sold by Equitable Trust Co.

Key Points

• Equitable Trust Co. reduced its holdings in Tractor Supply Company by 17.8% during Q2 2023, owning 23,447 shares valued at approximately $1.24 million after selling 5,063 shares.
• Tractor Supply Company announced a quarterly dividend of $0.23 per share, representing an annual yield of 1.7%, with a payout ratio of 45.10%.
• Several investment firms have recently upgraded their ratings and price targets for Tractor Supply, with an average consensus price target of $62.45 and a majority rating the stock as a "Moderate Buy."

Equitable Trust Co. cut its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 17.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,447 shares of the specialty retailer's stock after selling 5,063 shares during the period. Equitable Trust Co.'s holdings in Tractor Supply were worth $1,237,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TSCO. APG Asset Management N.V. increased its stake in Tractor Supply by 33.3% in the first quarter. APG Asset Management N.V. now owns 475,484 shares of the specialty retailer's stock valued at $24,254,000 after purchasing an additional 118,884 shares during the period. Ameriprise Financial Inc. increased its stake in Tractor Supply by 19.4% in the first quarter. Ameriprise Financial Inc. now owns 2,064,224 shares of the specialty retailer's stock valued at $113,745,000 after purchasing an additional 335,563 shares during the period. Bahl & Gaynor Inc. increased its stake in Tractor Supply by 31.0% in the first quarter. Bahl & Gaynor Inc. now owns 177,636 shares of the specialty retailer's stock valued at $9,788,000 after purchasing an additional 41,989 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Tractor Supply by 7.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 70,944 shares of the specialty retailer's stock valued at $3,911,000 after purchasing an additional 5,184 shares during the period. Finally, Sowell Financial Services LLC increased its stake in Tractor Supply by 49.3% in the first quarter. Sowell Financial Services LLC now owns 20,029 shares of the specialty retailer's stock valued at $1,104,000 after purchasing an additional 6,612 shares during the period. Institutional investors and hedge funds own 98.72% of the company's stock.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $55.48 on Wednesday. The firm has a market capitalization of $29.40 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 2.81 and a beta of 0.73. 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 business's 50 day simple moving average is $58.90 and its 200-day simple moving average is $54.95. 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 issued its quarterly earnings data 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. The firm had revenue of $4.44 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the firm posted $3.93 earnings per share. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. As a group, equities analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders 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 payout ratio is presently 45.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TSCO shares. The Goldman Sachs Group restated a "buy" rating on shares of Tractor Supply in a research note on Friday, July 25th. UBS Group lifted their price objective on shares of Tractor Supply from $54.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Piper Sandler boosted their target price on Tractor Supply from $66.00 to $67.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Evercore ISI cut their target price on Tractor Supply from $65.00 to $60.00 and set an "in-line" rating for the company in a research note on Tuesday, October 7th. Finally, Wall Street Zen upgraded Tractor Supply from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Fifteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $62.45.

Insider Transactions at Tractor Supply

In other Tractor Supply news, SVP Noni L. Ellison sold 5,200 shares of the business's stock in a transaction 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 directly owned 28,639 shares in the company, valued at approximately $1,831,750.44. The trade was a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kurt D. Barton sold 90,000 shares of the business's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $5,756,400.00. Following the sale, the chief financial officer owned 47,715 shares in the company, valued at approximately $3,051,851.40. The trade was a 65.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,045 shares of company stock valued at $6,547,257 in the last three months. 0.65% of the stock is owned by company 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.

Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply Company (NASDAQ:TSCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.