Tractor Supply Company $TSCO Shares Sold by Trust Investment Advisors

Trust Investment Advisors lowered its position in Tractor Supply Company (NASDAQ:TSCO) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,137 shares of the specialty retailer’s stock after selling 2,168 shares during the quarter. Trust Investment Advisors’ holdings in Tractor Supply were worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GW&K Investment Management LLC grew its holdings in Tractor Supply by 89.3% in the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock worth $26,000 after buying an additional 226 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Tractor Supply during the 2nd quarter worth $35,000. Financial Gravity Asset Management Inc. bought a new position in shares of Tractor Supply in the first quarter worth $39,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Tractor Supply during the first quarter valued at $41,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Tractor Supply during the first quarter valued at $41,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $56.37 on Tuesday. The company has a market capitalization of $29.87 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.89 and a beta of 0.73. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30. The stock has a fifty day moving average of $58.11 and a 200-day moving average of $55.18. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.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 previous year, the firm earned $0.45 earnings per share. Tractor Supply’s revenue for the quarter 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. As a group, equities analysts anticipate that Tractor Supply Company will post 2.17 EPS 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 given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, August 25th. Tractor Supply’s dividend payout ratio (DPR) is 44.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $65.00 target price on shares of Tractor Supply in a research report on Thursday. Morgan Stanley upgraded shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $50.00 to $60.00 in a report on Friday. Mizuho boosted their target price on Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup upped their target price on Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Truist Financial lifted their price target on Tractor Supply from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.68.

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.