Parsons Capital Management Inc. RI Sells 674 Shares of Tractor Supply Company $TSCO

Parsons Capital Management Inc. RI reduced its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 2.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 27,040 shares of the specialty retailer’s stock after selling 674 shares during the period. Parsons Capital Management Inc. RI’s holdings in Tractor Supply were worth $1,427,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bennett Selby Investments LP lifted its holdings in Tractor Supply by 1.3% during the 2nd quarter. Bennett Selby Investments LP now owns 14,932 shares of the specialty retailer’s stock valued at $788,000 after purchasing an additional 191 shares during the last quarter. Hancock Whitney Corp lifted its holdings in Tractor Supply by 2.0% during the 1st quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer’s stock valued at $543,000 after purchasing an additional 194 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in Tractor Supply by 0.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 66,483 shares of the specialty retailer’s stock valued at $3,663,000 after purchasing an additional 208 shares during the last quarter. Wedmont Private Capital lifted its holdings in Tractor Supply by 2.5% during the 1st quarter. Wedmont Private Capital now owns 8,714 shares of the specialty retailer’s stock valued at $450,000 after purchasing an additional 212 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in Tractor Supply by 30.1% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 213 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Evercore ISI raised their price objective on shares of Tractor Supply from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. raised their price objective on shares of Tractor Supply from $56.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. UBS Group raised their price objective on shares of Tractor Supply from $54.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Telsey Advisory Group set a $70.00 price objective on shares of Tractor Supply in a research report on Friday, July 25th. Finally, Robert W. Baird raised their price objective on shares of Tractor Supply from $56.00 to $61.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Thirteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.15.

Tractor Supply Stock Up 0.6%

Shares of NASDAQ:TSCO opened at $56.23 on Friday. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99. The company has a 50 day moving average of $59.52 and a 200-day moving average of $54.85. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16. The stock has a market cap of $29.80 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 2.87 and a beta of 0.73.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.80 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter in the previous year, the company earned $3.93 EPS. Tractor Supply’s revenue was up 4.5% on a year-over-year basis. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. On average, sell-side analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were issued a dividend of $0.23 per share. The ex-dividend date was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%. Tractor Supply’s payout ratio is currently 45.10%.

Insider Activity

In related news, EVP Colin Yankee sold 6,680 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 40,142 shares in the company, valued at approximately $2,344,292.80. The trade was a 14.27% 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, EVP Jonathan S. Estep sold 35,825 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 74,605 shares of the company’s stock, valued at approximately $4,177,880. This represents a 32.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,500 shares of company stock valued at $8,984,912. 0.65% of the stock is currently owned by company 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.