Tractor Supply Company $TSCO Stock Position Reduced by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs decreased its stake in Tractor Supply Company (NASDAQ:TSCO) by 3.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,039 shares of the specialty retailer’s stock after selling 824 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in Tractor Supply were worth $1,269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Wellington Management Group LLP increased its stake in shares of Tractor Supply by 16.0% in the first quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock worth $1,521,023,000 after acquiring an additional 3,815,520 shares during the last quarter. Vanguard Group Inc. increased its position in Tractor Supply by 4.1% during the first quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock worth $3,671,391,000 after buying an additional 2,597,450 shares during the last quarter. Alliancebernstein L.P. raised its holdings in 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 buying an additional 2,408,373 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Tractor Supply by 14.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer’s stock worth $657,214,000 after buying an additional 1,510,489 shares during the last quarter. Finally, Select Equity Group L.P. boosted its stake in shares of Tractor Supply by 16.8% during the 1st quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer’s stock worth $493,696,000 after acquiring an additional 1,290,771 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Trading Down 0.1%

Shares of Tractor Supply stock opened at $56.28 on Friday. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The stock has a market capitalization of $29.83 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 2.90 and a beta of 0.73. The company has a 50-day simple moving average of $58.21 and a 200 day simple moving average of $55.12. The company has a quick ratio of 0.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.69.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Research analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were given a $0.23 dividend. The ex-dividend date was Monday, August 25th. This represents a $0.92 annualized dividend and a yield of 1.6%. Tractor Supply’s payout ratio is presently 44.23%.

Insider Transactions at Tractor Supply

In other Tractor Supply news, EVP Colin Yankee sold 6,680 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $58.40, for a total value of $390,112.00. Following the transaction, the executive vice president owned 40,142 shares of the company’s stock, valued at approximately $2,344,292.80. The trade was a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TSCO shares. Telsey Advisory Group restated an “outperform” rating and issued a $70.00 target price on shares of Tractor Supply in a report on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Tractor Supply in a report on Friday, July 25th. Bank of America upgraded shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of Tractor Supply from $56.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Finally, DA Davidson set a $70.00 price target on Tractor Supply in a research report on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.60.

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.