Motley Fool Wealth Management LLC Cuts Stock Holdings in Tractor Supply Company $TSCO

Motley Fool Wealth Management LLC lowered its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 9.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in 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 purchasing an additional 2,597,450 shares during the period. Wellington Management Group LLP raised its stake 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 period. Alliancebernstein L.P. raised its stake in Tractor Supply by 10.8% during the first 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 period. Price T Rowe Associates Inc. MD raised its stake in Tractor Supply by 14.5% during the first 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. raised its stake in Tractor Supply by 16.8% during 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 purchasing an additional 1,290,771 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TSCO. Morgan Stanley raised shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $50.00 to $60.00 in a research note on Friday. Citigroup increased their price objective on shares of Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird increased their price objective on shares of Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday. Wells Fargo & Company reissued an “overweight” rating and issued a $65.00 price objective on shares of Tractor Supply in a research report on Thursday. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Tractor Supply in a research report on Friday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.68.

Tractor Supply Price Performance

TSCO opened at $56.37 on Tuesday. The company has a fifty day simple moving average of $58.11 and a 200 day simple moving average of $55.18. The firm has a market cap of $29.87 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.89 and a beta of 0.73. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. 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 (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 analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Equities research analysts expect that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

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