Precedent Wealth Partners LLC Sells 475 Shares of Tractor Supply Company $TSCO

Precedent Wealth Partners LLC lowered its position in Tractor Supply Company (NASDAQ:TSCO) by 10.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,201 shares of the specialty retailer’s stock after selling 475 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Tractor Supply were worth $222,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. GW&K Investment Management LLC boosted its position in Tractor Supply by 89.3% during the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 226 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Tractor Supply during the 2nd quarter valued at $35,000. Financial Gravity Asset Management Inc. bought a new stake in Tractor Supply during the 1st quarter valued at $39,000. Smallwood Wealth Investment Management LLC bought a new stake in Tractor Supply during the 1st quarter valued at $41,000. Finally, Zions Bancorporation National Association UT bought a new stake in Tractor Supply during the 1st quarter valued at $41,000. Institutional investors own 98.72% of the company’s stock.

Insider Activity

In other news, EVP Colin Yankee sold 6,680 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $58.40, for a total transaction of $390,112.00. Following the sale, the executive vice president directly owned 40,142 shares in the company, valued at $2,344,292.80. This trade represents a 14.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurt D. Barton sold 90,000 shares of the firm’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 $5,756,400.00. Following the sale, the chief financial officer 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 three months, insiders sold 146,500 shares of company stock worth $8,984,912. 0.65% of the stock is currently owned by corporate insiders.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $55.83 on Friday. The stock has a 50-day simple moving average of $59.45 and a two-hundred day simple moving average of $54.89. The firm has a market capitalization of $29.59 billion, a P/E ratio of 27.39, a PEG ratio of 2.86 and a beta of 0.73. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28.

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, beating analysts’ consensus estimates of $0.80 by $0.01. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $3.93 EPS. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. On average, equities analysts forecast 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 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 dividend yield of 1.6%. Tractor Supply’s dividend payout ratio (DPR) is 45.10%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Tractor Supply in a research report on Friday, July 25th. Wolfe Research assumed coverage on Tractor Supply in a research report on Thursday, September 18th. They set an “outperform” rating and a $70.00 target price on the stock. Loop Capital increased their target price on Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, July 25th. Truist Financial increased their price objective on Tractor Supply from $60.00 to $66.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $65.00 price objective (up previously from $57.00) on shares of Tractor Supply in a report on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average target price of $62.15.

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.