Tractor Supply Company $TSCO Shares Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors reduced its Tractor Supply stake by 37.2% in the second quarter, selling 39,645 shares and retaining 66,837 shares worth approximately $2.1 million. Institutional investors and hedge funds collectively own 98.72% of the company.
• Analyst sentiment is mixed, with 13 Buy, 12 Hold, and 3 Sell ratings. The stock has an average rating of “Hold” and an average price target of $39.31.
• Tractor Supply slightly missed quarterly expectations, reporting $0.81 in earnings per share and $4.54 billion in revenue, while revenue increased 2.3% year over year. The company also maintains a quarterly dividend of $0.24 per share, representing a 2.9% yield.

HighTower Advisors LLC cut its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 37.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,837 shares of the specialty retailer's stock after selling 39,645 shares during the quarter. HighTower Advisors LLC's holdings in Tractor Supply were worth $2,113,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Bison Wealth LLC raised its position in shares of Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer's stock valued at $341,000 after purchasing an additional 5,017 shares during the last quarter. Woodline Partners LP increased its stake in Tractor Supply by 40.7% during the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer's stock valued at $2,487,000 after purchasing an additional 13,051 shares in the last quarter. Intech Investment Management LLC increased its stake in Tractor Supply by 26.9% during the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer's stock valued at $1,442,000 after purchasing an additional 5,542 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Tractor Supply by 1.2% in the second quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer's stock worth $16,676,000 after buying an additional 3,631 shares during the last quarter. Finally, Glenview Trust co raised its holdings in shares of Tractor Supply by 36.0% in the second quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer's stock worth $1,036,000 after buying an additional 5,194 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TSCO shares. Argus set a $41.00 price objective on shares of Tractor Supply in a research note on Tuesday, July 28th. UBS Group set a $33.00 target price on Tractor Supply and gave the company a "neutral" rating in a research report on Tuesday, July 14th. Mizuho set a $28.00 price target on Tractor Supply and gave the stock a "neutral" rating in a research report on Friday, July 24th. Citigroup reiterated a "buy" rating on shares of Tractor Supply in a research note on Thursday, July 16th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $38.00 price objective (down from $43.00) on shares of Tractor Supply in a report on Friday, July 24th. Thirteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $39.31.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $33.01 on Friday. Tractor Supply Company has a one year low of $28.36 and a one year high of $60.85. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 3.56 and a beta of 0.48. The firm's fifty day moving average is $33.00 and its two-hundred day moving average is $36.67.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share 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 company had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.58 billion. During the same quarter in the previous year, the business posted $0.81 EPS. The business's quarterly revenue was up 2.3% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Research analysts expect that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, August 24th. Tractor Supply's dividend payout ratio (DPR) is currently 50.00%.

Insider Buying and Selling at Tractor Supply

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

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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