Venturi Wealth Management LLC Sells 5,719 Shares of Tractor Supply Company $TSCO

Key Points

• Venturi Wealth Management LLC decreased its stake in Tractor Supply Company by 15.9% in Q2, selling 5,719 shares, leaving it with a total of 30,173 shares valued at $1,592,000.
• Multiple analysts have recently raised their price targets for Tractor Supply, with Wells Fargo, Raymond James, and Truist setting new targets between $65.00 and $70.00.
• The company reported a net margin of 7.18% and a quarterly revenue of $4.44 billion, which was above analyst estimates, while also announcing a quarterly dividend of $0.23 per share.

Venturi Wealth Management LLC decreased its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 15.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,173 shares of the specialty retailer's stock after selling 5,719 shares during the period. Venturi Wealth Management LLC's holdings in Tractor Supply were worth $1,592,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TSCO. Wellington Management Group LLP boosted its position in shares of Tractor Supply by 16.0% during the first quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer's stock valued at $1,521,023,000 after buying an additional 3,815,520 shares during the period. Vanguard Group Inc. raised its stake in shares of Tractor Supply by 4.1% during the first quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer's stock valued at $3,671,391,000 after acquiring an additional 2,597,450 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Tractor Supply by 10.8% during the first quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer's stock valued at $1,359,036,000 after acquiring an additional 2,408,373 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Tractor Supply by 14.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer's stock valued at $657,214,000 after acquiring an additional 1,510,489 shares in the last quarter. Finally, Select Equity Group L.P. raised its stake in shares of Tractor Supply by 16.8% during the first quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer's stock valued at $493,696,000 after acquiring an additional 1,290,771 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TSCO. Wells Fargo & Company lifted their price target on shares of Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Raymond James Financial reaffirmed an "outperform" rating and set a $65.00 price target (up previously from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. UBS Group lifted their price target 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. Truist Financial lifted their price target on shares of Tractor Supply from $60.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Wolfe Research began coverage on shares of Tractor Supply in a research note on Thursday, September 18th. They issued an "outperform" rating and a $70.00 price objective for the company. Fourteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Tractor Supply presently has an average rating of "Moderate Buy" and an average target price of $61.90.

Tractor Supply Price Performance

NASDAQ TSCO opened at $53.92 on Thursday. The firm has a market capitalization of $28.57 billion, a P/E ratio of 26.46, a P/E/G ratio of 2.75 and a beta of 0.73. 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 12-month low of $46.85 and a 12-month high of $63.99. The firm's fifty day simple moving average is $59.20 and its two-hundred day simple moving average is $54.91.

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

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.7%. Tractor Supply's payout ratio is 45.10%.

Insider Activity at Tractor Supply

In other news, EVP Colin Yankee sold 6,680 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $58.40, for a total transaction of $390,112.00. Following the sale, the executive vice president directly owned 40,142 shares of the company's stock, valued at $2,344,292.80. The trade was a 14.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kurt D. Barton sold 90,000 shares of the company's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $63.96, for a total transaction of $5,756,400.00. Following the completion of the sale, the chief financial officer directly 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 sold 103,045 shares of company stock valued at $6,547,257 over the last three months. 0.65% of the stock is owned by corporate insiders.

Tractor Supply 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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