Tractor Supply Company $TSCO Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Tractor Supply Company by 21.4%, owning 314,999 shares worth approximately $17.36 million after the sale.
• Several hedge funds have increased their positions in Tractor Supply, with AQR Capital Management's holdings growing by 421.0% in the fourth quarter, showcasing strong institutional interest in the company.
• Tractor Supply's latest earnings report indicated a 4.5% year-over-year revenue increase and it set guidance for Q3 2025 at $2.000-2.180 EPS, demonstrating positive financial health.

The Manufacturers Life Insurance Company trimmed its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 21.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 314,999 shares of the specialty retailer's stock after selling 85,963 shares during the period. The Manufacturers Life Insurance Company owned 0.06% of Tractor Supply worth $17,356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of TSCO. AQR Capital Management LLC grew its holdings in shares of Tractor Supply by 421.0% in the fourth quarter. AQR Capital Management LLC now owns 140,974 shares of the specialty retailer's stock valued at $7,480,000 after purchasing an additional 113,914 shares during the period. Schonfeld Strategic Advisors LLC grew its holdings in shares of Tractor Supply by 40.3% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 10,810 shares of the specialty retailer's stock valued at $574,000 after purchasing an additional 3,106 shares during the period. Bison Wealth LLC grew its holdings in shares of Tractor Supply by 356.1% in the fourth 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 period. Mercer Global Advisors Inc. ADV grew its holdings in shares of Tractor Supply by 420.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 78,539 shares of the specialty retailer's stock valued at $4,167,000 after purchasing an additional 63,460 shares during the period. Finally, Ancora Advisors LLC grew its holdings in shares of Tractor Supply by 556.1% in the fourth quarter. Ancora Advisors LLC now owns 1,345 shares of the specialty retailer's stock valued at $71,000 after purchasing an additional 1,140 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TSCO shares. Telsey Advisory Group set a $70.00 price objective on shares of Tractor Supply in a report on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of Tractor Supply from $56.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Wells Fargo & Company upped their price objective on shares of Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Evercore ISI increased their target price on shares of Tractor Supply from $60.00 to $65.00 and gave the stock an "in-line" rating in a research note on Friday, July 25th. Finally, UBS Group increased their target price on shares of Tractor Supply from $54.00 to $61.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Thirteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $61.80.

Insiders Place Their Bets

In other news, EVP Colin Yankee sold 6,680 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $58.40, for a total value of $390,112.00. Following the completion of the transaction, the executive vice president owned 40,142 shares of the company's stock, valued at approximately $2,344,292.80. This trade represents a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan S. Estep sold 56,630 shares of the firm's stock in a transaction that occurred on 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 transaction, the executive vice president directly 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. In the last quarter, insiders have sold 204,680 shares of company stock valued at $12,071,552. 0.65% of the stock is owned by company insiders.

Tractor Supply Trading Down 0.4%

NASDAQ TSCO opened at $61.52 on Wednesday. The firm has a 50 day simple moving average of $58.37 and a 200-day simple moving average of $54.34. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99. The firm has a market cap of $32.60 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 3.17 and a beta of 0.76.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter last year, the firm posted $3.93 earnings per share. The business's revenue for the quarter 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. Equities research analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, August 25th. This represents a $0.92 annualized dividend and a dividend yield of 1.5%. Tractor Supply's dividend payout ratio (DPR) is presently 45.10%.

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.

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