Midwest Trust Co Takes $601,000 Position in Tractor Supply Company $TSCO

Midwest Trust Co acquired a new position in shares of Tractor Supply Company (NASDAQ:TSCO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,385 shares of the specialty retailer’s stock, valued at approximately $601,000.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TSCO. Wells Fargo & Company reissued an “overweight” rating and issued a $65.00 price target on shares of Tractor Supply in a research report on Thursday, October 23rd. Robert W. Baird raised their price target on Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. DA Davidson set a $70.00 price objective on Tractor Supply in a research note on Friday, October 24th. Bank of America upgraded shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Thursday, July 24th. Finally, Piper Sandler lifted their target price on shares of Tractor Supply from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $63.95.

Tractor Supply Price Performance

TSCO stock opened at $55.94 on Wednesday. The firm has a 50 day moving average of $56.45 and a 200-day moving average of $55.50. The company has a market cap of $29.56 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 2.99 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. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99.

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%.Tractor Supply’s quarterly revenue was up 7.2% compared to the same quarter last year. 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, equities analysts expect that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.6%. Tractor Supply’s payout ratio is 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.