USS Investment Management Ltd Has $3.66 Million Holdings in Tractor Supply Company $TSCO

Key Points

• USS Investment Management Ltd has reduced its stake in Tractor Supply Company by 27%, holding 66,405 shares valued at approximately $3.66 million after selling 24,500 shares.
• Several institutional investors have significantly increased their positions in TSCO, with Select Equity Group raising holdings by 405.6% and UBS AM increasing by 476.8% in the fourth quarter.
• Tractor Supply recently reported a quarterly earnings surprise, with a net earnings of $0.81 per share, exceeding expectations, and announced a quarterly dividend of $0.23 per share.

USS Investment Management Ltd lowered its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 27.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,405 shares of the specialty retailer's stock after selling 24,500 shares during the quarter. USS Investment Management Ltd's holdings in Tractor Supply were worth $3,658,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Hancock Whitney Corp increased its position in shares of Tractor Supply by 2.0% in the first quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer's stock valued at $543,000 after acquiring an additional 194 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its position in Tractor Supply by 0.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 66,483 shares of the specialty retailer's stock worth $3,663,000 after buying an additional 208 shares during the last quarter. Wedmont Private Capital increased its position in Tractor Supply by 2.5% during the first quarter. Wedmont Private Capital now owns 8,714 shares of the specialty retailer's stock worth $450,000 after buying an additional 212 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in Tractor Supply by 30.1% during the first quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer's stock worth $51,000 after buying an additional 213 shares during the last quarter. Finally, Independent Wealth Network Inc. increased its position in Tractor Supply by 5.2% during the first quarter. Independent Wealth Network Inc. now owns 4,335 shares of the specialty retailer's stock worth $239,000 after buying an additional 215 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Bank of America raised Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 price target on the stock in a research report on Thursday, July 24th. Wells Fargo & Company upped their target price on Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Piper Sandler upped their target price on Tractor Supply from $66.00 to $67.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. boosted their price target on Tractor Supply from $56.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Finally, UBS Group boosted their price target on Tractor Supply from $54.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Thirteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.80.

Tractor Supply Price Performance

NASDAQ TSCO traded up $0.59 on Friday, hitting $60.61. 4,395,306 shares of the company's stock were exchanged, compared to its average volume of 5,433,124. The stock has a 50-day moving average of $59.28 and a 200-day moving average of $54.49. The company has a current ratio of 1.28, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99. The stock has a market cap of $32.12 billion, a price-to-earnings ratio of 29.74, a P/E/G ratio of 3.00 and a beta of 0.76.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The firm had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.40 billion. During the same period in the prior year, the company earned $3.93 earnings per share. The company's quarterly revenue was up 4.5% on a year-over-year basis. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. Analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were paid a dividend of $0.23 per share. The ex-dividend date was Monday, August 25th. This represents a $0.92 annualized dividend and a yield of 1.5%. Tractor Supply's dividend payout ratio is presently 45.10%.

Insider Activity

In other Tractor Supply news, SVP Noni L. Ellison sold 5,200 shares of the company'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 completion of the sale, the senior vice president directly owned 28,639 shares in the company, valued at $1,831,750.44. This represents a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurt D. Barton sold 90,000 shares of the company'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 of the company's stock, valued at $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. Over the last ninety days, insiders sold 204,680 shares of company stock valued at $12,071,552. Corporate insiders own 0.65% of the company's stock.

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.