PAX Financial Group LLC Sells 1,074 Shares of Tractor Supply Company $TSCO

PAX Financial Group LLC trimmed its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 8.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,725 shares of the specialty retailer’s stock after selling 1,074 shares during the quarter. PAX Financial Group LLC’s holdings in Tractor Supply were worth $619,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in Tractor Supply by 16.0% during the first quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock valued at $1,521,023,000 after purchasing an additional 3,815,520 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Tractor Supply by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock worth $3,671,391,000 after buying an additional 2,597,450 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Tractor Supply by 10.8% during the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock worth $1,359,036,000 after acquiring an additional 2,408,373 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Tractor Supply by 14.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer’s stock valued at $657,214,000 after acquiring an additional 1,510,489 shares during the last quarter. Finally, Select Equity Group L.P. grew its holdings in Tractor Supply by 16.8% in the first quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer’s stock worth $493,696,000 after purchasing an additional 1,290,771 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $55.42 on Monday. The firm’s fifty day moving average is $56.18 and its two-hundred day moving average is $55.63. The firm has a market cap of $29.28 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 2.99 and a beta of 0.71. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results 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 for the quarter, compared to the consensus estimate 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 was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Research analysts expect that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be issued 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 yield of 1.7%. Tractor Supply’s dividend payout ratio is 44.23%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Bank of America upgraded Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Thursday, July 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of Tractor Supply in a research note on Friday, July 25th. Loop Capital raised their price target on shares of Tractor Supply from $48.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, July 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Tractor Supply in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their target price on Tractor Supply from $56.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Fifteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Tractor Supply has a consensus rating of “Moderate Buy” and a consensus price target of $63.95.

Tractor Supply 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.