Sigma Planning Corp Lowers Position in Tractor Supply Company $TSCO

Sigma Planning Corp reduced its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 14.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,493 shares of the specialty retailer’s stock after selling 1,470 shares during the period. Sigma Planning Corp’s holdings in Tractor Supply were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. GW&K Investment Management LLC raised its stake in shares of Tractor Supply by 89.3% during the 1st 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 in the last quarter. Opal Wealth Advisors LLC acquired a new position in Tractor Supply during the second quarter worth $35,000. Financial Gravity Asset Management Inc. purchased a new position in Tractor Supply in the first quarter worth $39,000. Zions Bancorporation National Association UT acquired a new stake in Tractor Supply in the first quarter valued at $41,000. Finally, Whittier Trust Co. lifted its holdings in Tractor Supply by 79.8% in the second quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 399 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TSCO. Citigroup upped their price target on shares of Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Wolfe Research assumed coverage on shares of Tractor Supply in a report on Thursday, September 18th. They issued an “outperform” rating and a $70.00 target price for the company. Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 price target on shares of Tractor Supply in a research report on Thursday, October 23rd. Wall Street Zen upgraded Tractor Supply from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Tractor Supply in a report on Friday, July 25th. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.95.

Tractor Supply Stock Up 2.2%

TSCO stock opened at $54.27 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14. The company’s 50 day simple moving average is $56.69 and its 200-day simple moving average is $55.38. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The firm has a market capitalization of $28.76 billion, a PE ratio of 26.09, a P/E/G ratio of 2.93 and a beta of 0.70.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $3.72 billion for 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%.Tractor Supply’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Equities analysts expect 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 will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.7%. Tractor Supply’s dividend payout ratio (DPR) is presently 44.23%.

About Tractor Supply

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.