XTX Topco Ltd Raises Position in Tractor Supply Company $TSCO

XTX Topco Ltd lifted its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 760.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,295 shares of the specialty retailer’s stock after acquiring an additional 57,704 shares during the quarter. XTX Topco Ltd’s holdings in Tractor Supply were worth $3,446,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in Tractor Supply by 16.0% during the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock worth $1,521,023,000 after purchasing an additional 3,815,520 shares during the period. Vanguard Group Inc. boosted its stake in shares of Tractor Supply by 4.1% in the first quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock valued at $3,671,391,000 after buying an additional 2,597,450 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Tractor Supply by 10.8% during the first 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 during the period. Soundwatch Capital LLC purchased a new position in Tractor Supply in the second quarter worth $81,025,000. Finally, Price T Rowe Associates Inc. MD raised its position in Tractor Supply by 14.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer’s stock worth $657,214,000 after acquiring an additional 1,510,489 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on TSCO shares. Wells Fargo & Company restated an “overweight” rating and set a $65.00 target price on shares of Tractor Supply in a research report on Thursday, October 23rd. DA Davidson set a $70.00 price objective on shares of Tractor Supply in a report on Friday, October 24th. Robert W. Baird upped their target price on shares of Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Tractor Supply in a research report on Monday. Finally, Citigroup boosted their price target on Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.95.

Tractor Supply Trading Up 2.6%

Shares of Tractor Supply stock opened at $54.42 on Wednesday. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. 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 business has a 50 day moving average price of $55.30 and a 200 day moving average price of $55.74. The company has a market capitalization of $28.76 billion, a P/E ratio of 26.16, a P/E/G ratio of 2.73 and a beta of 0.70.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. Tractor Supply’s quarterly revenue was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Sell-side analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

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. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, November 24th. Tractor Supply’s dividend payout ratio (DPR) 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.