Vise Technologies Inc. Makes New Investment in Tractor Supply Company $TSCO

Vise Technologies Inc. bought a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,549 shares of the specialty retailer’s stock, valued at approximately $662,000.

Several other large investors have also recently made changes to their positions in TSCO. GW&K Investment Management LLC increased its holdings in Tractor Supply by 89.3% in the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 226 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Tractor Supply during the 2nd quarter valued at about $35,000. Zions Bancorporation National Association UT purchased a new position in shares of Tractor Supply in the 1st quarter valued at about $41,000. Whittier Trust Co. raised its holdings in Tractor Supply by 79.8% in the 2nd quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 399 shares during the period. Finally, Hazlett Burt & Watson Inc. boosted its position in Tractor Supply by 89.6% during the second quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 450 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $55.42 on Friday. The firm has a 50-day simple moving average of $56.18 and a 200-day simple moving average of $55.56. 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 stock has a market capitalization of $29.28 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 3.03 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 announced its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, beating 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 company 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 company earned $0.45 EPS. 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. On average, equities analysts predict 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 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 1.7%. Tractor Supply’s dividend payout ratio (DPR) is presently 44.23%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TSCO shares. DA Davidson set a $70.00 price objective on Tractor Supply in a research report on Friday, October 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Tractor Supply in a research note on Wednesday, October 8th. Wells Fargo & Company restated an “overweight” rating and set a $65.00 price objective on shares of Tractor Supply in a research report on Thursday, October 23rd. Wall Street Zen raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Bank of America upgraded shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Thursday, July 24th. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.