King Luther Capital Management Corp Has $123.53 Million Stock Holdings in Tractor Supply Company $TSCO

King Luther Capital Management Corp lifted its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,340,817 shares of the specialty retailer’s stock after purchasing an additional 49,228 shares during the quarter. King Luther Capital Management Corp owned approximately 0.44% of Tractor Supply worth $123,525,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GPS Wealth Strategies Group LLC increased its position in Tractor Supply by 1.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 17,908 shares of the specialty retailer’s stock worth $945,000 after buying an additional 175 shares during the last quarter. Bennett Selby Investments LP boosted its stake in shares of 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 increased its holdings in shares of Tractor Supply by 2.0% during the 1st quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer’s stock valued at $543,000 after acquiring an additional 194 shares during the last quarter. Mount Vernon Associates Inc. MD raised its stake in shares of Tractor Supply by 0.3% in the 2nd quarter. Mount Vernon Associates Inc. MD now owns 67,570 shares of the specialty retailer’s stock valued at $3,566,000 after acquiring an additional 200 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its position in Tractor Supply by 0.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 66,483 shares of the specialty retailer’s stock worth $3,663,000 after purchasing an additional 208 shares during the period. Institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $65.00 price target (up from $57.00) on shares of Tractor Supply in a research report on Friday, July 25th. Piper Sandler boosted their target price on shares of Tractor Supply from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. DA Davidson set a $70.00 price target on shares of Tractor Supply in a report on Friday, October 24th. Morgan Stanley upgraded shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $50.00 to $60.00 in a research report on Friday, October 24th. Finally, Robert W. Baird upped their price objective on shares of Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Fifteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.95.

Tractor Supply Price Performance

Shares of TSCO stock opened at $54.27 on Friday. The stock’s fifty day simple moving average is $56.69 and its 200 day simple moving average is $55.38. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99. The firm has a market cap of $28.76 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 2.93 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the business posted $0.45 earnings per share. The company’s 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. On average, analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, November 24th. Tractor Supply’s payout ratio is currently 44.23%.

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.