BOK Financial Private Wealth Inc. Sells 6,105 Shares of Tractor Supply Company $TSCO

BOK Financial Private Wealth Inc. decreased its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 29.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,857 shares of the specialty retailer’s stock after selling 6,105 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Tractor Supply were worth $784,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TSCO. Vanguard Group Inc. increased its position in Tractor Supply by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock valued at $3,671,391,000 after buying an additional 2,597,450 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Tractor Supply by 16.0% during the first quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock valued at $1,521,023,000 after acquiring an additional 3,815,520 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Tractor Supply by 10.8% in the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock worth $1,359,036,000 after purchasing an additional 2,408,373 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Tractor Supply by 14.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer’s stock worth $657,214,000 after purchasing an additional 1,510,489 shares during the last quarter. Finally, Select Equity Group L.P. boosted its stake in Tractor Supply by 16.8% in the 1st quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer’s stock worth $493,696,000 after purchasing an additional 1,290,771 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Tractor Supply Trading Up 2.2%

NASDAQ:TSCO opened at $54.27 on Monday. The company has a market cap of $28.76 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 2.93 and a beta of 0.70. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69. The company has a 50 day simple moving average of $56.69 and a two-hundred day simple moving average of $55.41. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results 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 analysts’ expectations of $3.72 billion. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.During the same period in the prior year, the firm earned $0.45 EPS. The company’s revenue 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. Research analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Announces Dividend

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

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of analyst reports. Raymond James Financial restated an “outperform” rating and set a $65.00 price objective (up from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. Loop Capital raised their price target on shares of Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, July 25th. Wall Street Zen upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Evercore ISI upgraded Tractor Supply from a “hold” rating to an “outperform” rating and increased their target price for the company from $60.00 to $65.00 in a research note on Wednesday, November 5th. Finally, Truist Financial lifted their target price on Tractor Supply from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Fifteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average price target of $63.95.

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.