Soltis Investment Advisors LLC Buys 1,213 Shares of Tractor Supply Company $TSCO

Soltis Investment Advisors LLC lifted its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 22.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,624 shares of the specialty retailer’s stock after purchasing an additional 1,213 shares during the period. Soltis Investment Advisors LLC’s holdings in Tractor Supply were worth $350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GW&K Investment Management LLC increased its holdings in Tractor Supply by 89.3% during the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock worth $26,000 after buying an additional 226 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Tractor Supply during the 2nd quarter worth about $35,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Tractor Supply in the 1st quarter valued at about $39,000. Zions Bancorporation National Association UT acquired a new stake in Tractor Supply in the 1st quarter valued at about $41,000. Finally, Whittier Trust Co. lifted its stake in Tractor Supply by 79.8% in the 2nd quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 399 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Tractor Supply Stock Up 2.2%

Shares of TSCO opened at $54.27 on Friday. The firm’s 50 day moving average is $56.69 and its 200-day moving average is $55.35. Tractor Supply Company has a 12 month low of $46.85 and a 12 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. The stock has a market capitalization of $28.76 billion, a PE ratio of 26.09, a P/E/G ratio of 2.86 and a beta of 0.70.

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 business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. Tractor Supply’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. Equities research analysts forecast that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be paid a $0.23 dividend. The ex-dividend date is Monday, November 24th. This represents a $0.92 annualized dividend and a dividend yield of 1.7%. Tractor Supply’s dividend payout ratio (DPR) is presently 44.23%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Loop Capital boosted their target price on Tractor Supply from $48.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, July 25th. DA Davidson set a $70.00 target price on shares of Tractor Supply in a research note on Friday, October 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of Tractor Supply in a research note on Friday, July 25th. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to an “outperform” rating and raised their price objective for the stock from $60.00 to $65.00 in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped 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. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.95.

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.