Wealthfront Advisers LLC Decreases Position in Tractor Supply Company $TSCO

Key Points

• Wealthfront Advisers LLC cut its holding in Tractor Supply by 35.7% in Q4, selling 37,080 shares and finishing the quarter with 66,857 shares worth $3.344 million.
• Several large institutions — including Victory Capital, Select Equity, APG and Holocene — massively boosted positions (some up 500–770%), leaving institutional investors with 98.72% ownership of the stock.
• Tractor Supply recently missed quarterly EPS and revenue, analysts have trimmed price targets (consensus "Moderate Buy" with a $47.96 target), the dividend was raised to $0.24 quarterly, and insiders sold roughly 222,348 shares (~$12M) in the last quarter.

Wealthfront Advisers LLC lessened its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 35.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,857 shares of the specialty retailer's stock after selling 37,080 shares during the quarter. Wealthfront Advisers LLC's holdings in Tractor Supply were worth $3,344,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its position in shares of Tractor Supply by 719.1% in the third quarter. Victory Capital Management Inc. now owns 4,508,661 shares of the specialty retailer's stock valued at $256,408,000 after acquiring an additional 3,958,205 shares during the period. Select Equity Group L.P. increased its position in shares of Tractor Supply by 41.9% in the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer's stock valued at $670,887,000 after acquiring an additional 3,753,414 shares during the period. APG Asset Management N.V. increased its position in shares of Tractor Supply by 505.1% in the third quarter. APG Asset Management N.V. now owns 4,329,556 shares of the specialty retailer's stock valued at $246,222,000 after acquiring an additional 3,614,097 shares during the period. Holocene Advisors LP increased its position in shares of Tractor Supply by 771.0% in the third quarter. Holocene Advisors LP now owns 2,421,674 shares of the specialty retailer's stock valued at $137,721,000 after acquiring an additional 2,143,627 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Tractor Supply by 166.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,224,774 shares of the specialty retailer's stock valued at $111,261,000 after acquiring an additional 1,388,762 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TSCO shares. Argus decreased their price objective on shares of Tractor Supply from $64.00 to $50.00 and set a "buy" rating on the stock in a research report on Monday, April 27th. Citigroup decreased their price objective on shares of Tractor Supply from $55.00 to $46.00 and set a "buy" rating on the stock in a research report on Thursday, April 23rd. Piper Sandler decreased their price objective on shares of Tractor Supply from $59.00 to $51.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 22nd. TD Cowen restated a "hold" rating and issued a $38.00 price objective (down from $53.00) on shares of Tractor Supply in a research report on Monday. Finally, Robert W. Baird set a $60.00 price objective on shares of Tractor Supply and gave the company an "outperform" rating in a research report on Friday, April 17th. Fifteen equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $47.96.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $33.83 on Friday. Tractor Supply Company has a 1 year low of $33.65 and a 1 year high of $63.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16. The company's 50-day moving average is $45.80 and its 200 day moving average is $50.70. The stock has a market capitalization of $17.79 billion, a P/E ratio of 16.58, a P/E/G ratio of 2.01 and a beta of 0.51.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The company had revenue of $3.59 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. Tractor Supply's quarterly revenue was up 3.6% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, sell-side analysts expect that Tractor Supply Company will post 2.15 earnings per share for the current year.

Tractor Supply Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.8%. This is a boost from Tractor Supply's previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 24th. Tractor Supply's dividend payout ratio is currently 47.06%.

Insiders Place Their Bets

In other Tractor Supply news, EVP Jonathan S. Estep sold 59,745 shares of the company's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $54.03, for a total value of $3,228,022.35. Following the sale, the executive vice president owned 80,931 shares in the company, valued at approximately $4,372,701.93. This represents a 42.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Harry A. Lawton III sold 84,670 shares of the company's stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $53.16, for a total transaction of $4,501,057.20. Following the completion of the sale, the chief executive officer owned 606,842 shares in the company, valued at approximately $32,259,720.72. This trade represents a 12.24% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 222,348 shares of company stock valued at $11,959,621. Insiders own 0.64% of the company's stock.

Tractor Supply Company Profile

Tractor Supply Company NASDAQ: TSCO is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.

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