Corebridge Financial Inc. Lowers Stock Position in Tractor Supply Company $TSCO

Corebridge Financial Inc. lessened its holdings in Tractor Supply Company (NASDAQ:TSCO) by 3.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 132,679 shares of the specialty retailer’s stock after selling 4,844 shares during the quarter. Corebridge Financial Inc.’s holdings in Tractor Supply were worth $7,311,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TSCO. Integrated Wealth Concepts LLC lifted its position in Tractor Supply by 395.0% during the fourth quarter. Integrated Wealth Concepts LLC now owns 16,256 shares of the specialty retailer’s stock valued at $863,000 after acquiring an additional 12,972 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Tractor Supply by 336.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 400,962 shares of the specialty retailer’s stock valued at $21,275,000 after acquiring an additional 309,109 shares during the last quarter. Northern Trust Corp increased its stake in Tractor Supply by 503.4% during the 4th quarter. Northern Trust Corp now owns 6,025,677 shares of the specialty retailer’s stock valued at $319,722,000 after purchasing an additional 5,026,980 shares in the last quarter. AQR Capital Management LLC increased its stake in Tractor Supply by 421.0% during the 4th 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 in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its stake in Tractor Supply by 40.3% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on TSCO shares. Robert W. Baird upped their price target on shares of Tractor Supply from $56.00 to $61.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Truist Financial upped 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. The Goldman Sachs Group restated a “buy” rating on shares of Tractor Supply in a research note on Friday, July 25th. Wall Street Zen upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Loop Capital upped their price target on shares of Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, July 25th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Tractor Supply currently has an average rating of “Moderate Buy” and a consensus target price of $61.80.

Tractor Supply Stock Up 0.4%

NASDAQ:TSCO opened at $62.65 on Friday. The firm has a market capitalization of $33.20 billion, a P/E ratio of 30.74, a PEG ratio of 3.20 and a beta of 0.75. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99. The company’s fifty day moving average price is $57.86 and its 200-day moving average price is $54.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, topping 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 quarter in the prior year, the business earned $3.93 earnings per share. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. As a group, equities research analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, August 25th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 25th. Tractor Supply’s dividend payout ratio (DPR) is currently 45.10%.

Insider Activity at Tractor Supply

In related news, EVP Jonathan S. Estep sold 35,825 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $56.00, for a total transaction of $2,006,200.00. Following the sale, the executive vice president owned 74,605 shares in the company, valued at approximately $4,177,880. This trade represents a 32.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kurt D. Barton sold 90,000 shares of the firm’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 sale, the chief financial officer owned 47,715 shares in the company, valued at approximately $3,051,851.40. This represents a 65.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,680 shares of company stock valued at $12,071,552 in the last quarter. 0.65% of the stock is currently owned by insiders.

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.