Waterfront Wealth Inc. Has $1.15 Million Position in Tractor Supply Company $TSCO

Waterfront Wealth Inc. cut its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 3.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 21,801 shares of the specialty retailer’s stock after selling 729 shares during the quarter. Waterfront Wealth Inc.’s holdings in Tractor Supply were worth $1,150,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Motco lifted its stake in shares of Tractor Supply by 33.3% in the 2nd quarter. Motco now owns 2,000 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 500 shares during the period. New York Life Investment Management LLC lifted its stake in shares of Tractor Supply by 0.5% in the 2nd quarter. New York Life Investment Management LLC now owns 79,697 shares of the specialty retailer’s stock valued at $4,206,000 after purchasing an additional 405 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of Tractor Supply by 1.5% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 55,603 shares of the specialty retailer’s stock valued at $2,934,000 after purchasing an additional 818 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Tractor Supply by 25.5% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 158,745 shares of the specialty retailer’s stock valued at $8,377,000 after purchasing an additional 32,300 shares during the period. Finally, Signature Wealth Management Group lifted its stake in shares of Tractor Supply by 2.6% in the 2nd quarter. Signature Wealth Management Group now owns 38,858 shares of the specialty retailer’s stock valued at $2,051,000 after purchasing an additional 969 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Stock Performance

Shares of TSCO opened at $55.49 on Wednesday. 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 50 day moving average price of $57.98 and a two-hundred day moving average price of $55.21. The firm has a market capitalization of $29.41 billion, a P/E ratio of 26.68, a P/E/G ratio of 3.05 and a beta of 0.73. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data 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 firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Equities analysts forecast that Tractor Supply Company will post 2.17 earnings per share 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 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, August 25th. Tractor Supply’s payout ratio is currently 44.23%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TSCO. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 price objective on shares of Tractor Supply in a research note on Thursday, October 23rd. UBS Group boosted their price objective on Tractor Supply from $54.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on Tractor Supply from $56.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Mizuho boosted their target price on Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Finally, Morgan Stanley raised Tractor Supply from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $50.00 to $60.00 in a research report on Friday, October 24th. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.