Catalyst Capital Advisors LLC Has $96,000 Stake in Tractor Supply Company $TSCO

Catalyst Capital Advisors LLC boosted its holdings in Tractor Supply Company (NASDAQ:TSCO) by 72.2% in the second quarter, Holdings Channel reports. The firm owned 1,813 shares of the specialty retailer’s stock after purchasing an additional 760 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Tractor Supply were worth $96,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TSCO. Bison Wealth LLC grew its position in Tractor Supply by 356.1% in the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after purchasing an additional 5,017 shares in the last quarter. GAMMA Investing LLC grew its position in Tractor Supply by 11.0% in the first quarter. GAMMA Investing LLC now owns 15,205 shares of the specialty retailer’s stock valued at $838,000 after purchasing an additional 1,503 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Tractor Supply by 13.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 19,907 shares of the specialty retailer’s stock valued at $1,097,000 after purchasing an additional 2,361 shares in the last quarter. International Assets Investment Management LLC grew its position in Tractor Supply by 5.5% in the first quarter. International Assets Investment Management LLC now owns 4,678 shares of the specialty retailer’s stock valued at $258,000 after purchasing an additional 242 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its position in Tractor Supply by 502.7% in the first quarter. Golden State Wealth Management LLC now owns 904 shares of the specialty retailer’s stock valued at $50,000 after purchasing an additional 754 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Tractor Supply in a research report on Friday, July 25th. Bank of America raised shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Thursday, July 24th. Robert W. Baird increased their price target on shares of Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup raised their target price on shares of Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Piper Sandler lifted their target price on shares of Tractor Supply from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Fifteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.60.

Tractor Supply Trading Down 0.1%

Shares of Tractor Supply stock opened at $56.28 on Friday. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The company has a current ratio of 1.30, a quick ratio of 0.16 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $29.83 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 2.90 and a beta of 0.73. The firm’s 50 day moving average is $58.21 and its 200 day moving average is $55.12.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data 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 net margin of 7.18% and a return on equity of 46.18%. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the firm posted $0.45 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Equities research analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were issued a $0.23 dividend. The ex-dividend date was Monday, August 25th. This represents a $0.92 annualized dividend and a dividend yield of 1.6%. Tractor Supply’s dividend payout ratio is currently 44.23%.

Insider Activity at Tractor Supply

In other news, EVP Colin Yankee sold 6,680 shares of the stock in a transaction dated Monday, July 28th. The shares were 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 in the company, valued at $2,344,292.80. This represents a 14.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.65% of the stock is currently owned by corporate 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.