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

Midwest Trust Co acquired a new stake in Tractor Supply Company (NASDAQ:TSCO) in the 2nd quarter, according to its most recent 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.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSCO. APG Asset Management N.V. raised its position in shares of Tractor Supply by 33.3% in the 1st quarter. APG Asset Management N.V. now owns 475,484 shares of the specialty retailer’s stock worth $24,254,000 after acquiring an additional 118,884 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Tractor Supply by 19.4% in the first quarter. Ameriprise Financial Inc. now owns 2,064,224 shares of the specialty retailer’s stock valued at $113,745,000 after purchasing an additional 335,563 shares during the last quarter. Bahl & Gaynor Inc. raised its holdings in Tractor Supply by 31.0% in the first quarter. Bahl & Gaynor Inc. now owns 177,636 shares of the specialty retailer’s stock worth $9,788,000 after purchasing an additional 41,989 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Tractor Supply by 2.9% during the first quarter. Royal Bank of Canada now owns 1,855,836 shares of the specialty retailer’s stock valued at $102,256,000 after buying an additional 53,035 shares during the last quarter. Finally, Groupe la Francaise boosted its holdings in shares of Tractor Supply by 20.1% in the 1st quarter. Groupe la Francaise now owns 88,405 shares of the specialty retailer’s stock valued at $4,788,000 after buying an additional 14,810 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TSCO has been the topic of several analyst reports. Wall Street Zen raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Tractor Supply in a research note on Wednesday, October 8th. The Goldman Sachs Group restated a “buy” rating on shares of Tractor Supply in a research note on Friday, July 25th. Wells Fargo & Company reiterated an “overweight” rating and set a $65.00 price objective on shares of Tractor Supply in a research note on Thursday, October 23rd. Finally, Citigroup boosted their price objective on shares of Tractor Supply from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, October 24th. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.95.

Tractor Supply Stock Up 0.9%

Tractor Supply stock opened at $55.94 on Wednesday. The business’s 50-day moving average price is $56.45 and its 200 day moving average price is $55.50. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. The firm has a market cap of $29.56 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 2.99 and a beta of 0.70. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The business 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%.The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, sell-side analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be given 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 yield of 1.6%. Tractor Supply’s dividend payout ratio is currently 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.