Ashton Thomas Private Wealth LLC Sells 5,013 Shares of Tractor Supply Company $TSCO

Ashton Thomas Private Wealth LLC lowered its position in Tractor Supply Company (NASDAQ:TSCO) by 8.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 51,532 shares of the specialty retailer’s stock after selling 5,013 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Tractor Supply were worth $2,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TSCO. Bison Wealth LLC grew its holdings in Tractor Supply by 356.1% during 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 during the period. GAMMA Investing LLC grew its holdings in Tractor Supply by 11.0% during 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 during the period. Golden State Wealth Management LLC grew its holdings in Tractor Supply by 502.7% during 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 during the period. Creative Financial Designs Inc. ADV grew its holdings in Tractor Supply by 30.1% during the first 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 period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Tractor Supply by 10.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,530 shares of the specialty retailer’s stock valued at $3,557,000 after purchasing an additional 6,132 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $56.37 on Tuesday. The stock’s 50-day simple moving average is $58.11 and its 200-day simple moving average is $55.18. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99. The company has a market capitalization of $29.87 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.89 and a beta of 0.73. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

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

Analyst Ratings Changes

Several analysts have issued reports on TSCO shares. JPMorgan Chase & Co. boosted their price target on Tractor Supply from $56.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Tractor Supply in a report on Wednesday, October 8th. UBS Group boosted their price target on Tractor Supply from $54.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Morgan Stanley upgraded Tractor Supply from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $50.00 to $60.00 in a research report on Friday. Finally, Loop Capital boosted their price objective on Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $63.68.

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.