Tractor Supply Company $TSCO Shares Sold by CAP Partners LLC

CAP Partners LLC cut its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 10.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,186 shares of the specialty retailer’s stock after selling 487 shares during the quarter. CAP Partners LLC’s holdings in Tractor Supply were worth $221,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of TSCO. GW&K Investment Management LLC increased its position in shares of 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 purchasing an additional 226 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Tractor Supply in the 2nd quarter worth $35,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Tractor Supply in the 1st quarter worth $39,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Tractor Supply in the 1st quarter worth $41,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Tractor Supply in the 1st quarter worth $41,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, EVP Colin Yankee sold 6,680 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $58.40, for a total value of $390,112.00. Following the completion of the sale, the executive vice president owned 40,142 shares of the company’s stock, valued at $2,344,292.80. The trade was a 14.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.65% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TSCO shares. Loop Capital lifted their target price on Tractor Supply from $48.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, July 25th. Bank of America upgraded Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on Tractor Supply from $56.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Piper Sandler lifted their price target on Tractor Supply from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Finally, DA Davidson lifted their price target on Tractor Supply from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 25th. Fifteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $62.45.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO opened at $56.35 on Friday. The business’s 50-day moving average price is $58.29 and its two-hundred day moving average price is $55.01. 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 Company has a one year low of $46.85 and a one year high of $63.99. The company has a market capitalization of $29.86 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 2.81 and a beta of 0.73.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently declared 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 of this dividend was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.6%. Tractor Supply’s payout ratio is currently 45.10%.

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.