Cullen Investment Group LTD. Invests $352,000 in Tractor Supply Company $TSCO

Cullen Investment Group LTD. acquired a new position in Tractor Supply Company (NASDAQ:TSCO) in the second quarter, HoldingsChannel reports. The firm acquired 6,675 shares of the specialty retailer’s stock, valued at approximately $352,000.

A number of other hedge funds have also recently made changes to their positions in TSCO. Select Equity Group L.P. lifted its holdings in shares of Tractor Supply by 405.6% in the 4th quarter. Select Equity Group L.P. now owns 7,669,224 shares of the specialty retailer’s stock worth $406,929,000 after acquiring an additional 6,152,333 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Tractor Supply by 476.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,910,178 shares of the specialty retailer’s stock worth $260,534,000 after acquiring an additional 4,058,875 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Tractor Supply by 16.0% in the 1st 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. lifted its holdings in shares of Tractor Supply by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock worth $3,671,391,000 after acquiring an additional 2,597,450 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Tractor Supply by 10.8% in the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock worth $1,359,036,000 after acquiring an additional 2,408,373 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insider Transactions at Tractor Supply

In other news, SVP Noni L. Ellison sold 5,200 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $63.96, for a total value of $332,592.00. Following the sale, the senior vice president directly owned 28,639 shares of the company’s stock, valued at $1,831,750.44. This represents a 15.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kurt D. Barton sold 90,000 shares of the stock in a transaction dated 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 directly owned 47,715 shares in the company, valued at $3,051,851.40. This trade represents 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 worth $12,071,552. 0.65% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TSCO. DA Davidson boosted their price objective on shares of Tractor Supply from $65.00 to $70.00 and gave the stock a “buy” rating 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 price target for the company in a report on Thursday, July 24th. 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 report on Friday, July 25th. UBS Group upped their price target on shares of Tractor Supply from $54.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Finally, Piper Sandler upped their price target on shares of Tractor Supply from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Thirteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.80.

Tractor Supply Stock Up 1.0%

Shares of NASDAQ TSCO opened at $60.61 on Friday. 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 has a market capitalization of $32.12 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 3.08 and a beta of 0.76. The firm has a fifty day simple moving average of $59.40 and a two-hundred day simple moving average of $54.51.

Tractor Supply (NASDAQ:TSCO) last released its earnings results 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 the consensus estimate of $4.40 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.93 EPS. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. Equities 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. Stockholders of record on Monday, August 25th were given a $0.23 dividend. 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 1.5%. Tractor Supply’s dividend payout ratio is currently 45.10%.

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.