Tractor Supply Company $TSCO Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 9.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,396 shares of the specialty retailer’s stock after selling 10,441 shares during the period. Motley Fool Wealth Management LLC’s holdings in Tractor Supply were worth $5,298,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bennett Selby Investments LP grew 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 worth $788,000 after acquiring an additional 191 shares in the last quarter. Hancock Whitney Corp grew 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 worth $543,000 after acquiring an additional 194 shares in the last quarter. Mount Vernon Associates Inc. MD grew its holdings in Tractor Supply by 0.3% during the 2nd quarter. Mount Vernon Associates Inc. MD now owns 67,570 shares of the specialty retailer’s stock worth $3,566,000 after acquiring an additional 200 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Tractor Supply by 0.3% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 66,483 shares of the specialty retailer’s stock worth $3,663,000 after buying an additional 208 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Tractor Supply by 30.1% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer’s stock worth $51,000 after buying an additional 213 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSCO has been the topic of a number of recent research reports. Loop Capital raised their price target on shares of Tractor Supply from $48.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, July 25th. Robert W. Baird raised their price target on shares of Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday. Bank of America upgraded shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Thursday, July 24th. The Goldman Sachs Group restated a “buy” rating on shares of Tractor Supply in a research report on Friday, July 25th. Finally, Mizuho raised their price target on shares of Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Tractor Supply has a consensus rating of “Moderate Buy” and a consensus price target of $63.68.

Tractor Supply Trading Up 0.2%

Shares of NASDAQ:TSCO opened at $56.37 on Tuesday. The company has a market cap of $29.87 billion, a PE ratio of 27.10, a P/E/G ratio of 2.89 and a beta of 0.73. The company’s 50-day moving average price is $58.11 and its 200 day moving average price is $55.18. 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 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 issued its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. Tractor Supply’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Sell-side analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 annualized dividend and a yield of 1.6%. Tractor Supply’s dividend payout ratio (DPR) is presently 44.23%.

About Tractor Supply

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.