Simon Quick Advisors LLC Has $1.21 Million Stock Holdings in Tractor Supply Company $TSCO

Simon Quick Advisors LLC increased its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 17.5% during the second quarter, HoldingsChannel reports. The fund owned 22,900 shares of the specialty retailer’s stock after buying an additional 3,412 shares during the period. Simon Quick Advisors LLC’s holdings in Tractor Supply were worth $1,208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GW&K Investment Management LLC raised its holdings in shares of Tractor Supply by 89.3% during the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 226 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Tractor Supply during the second quarter worth $35,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Tractor Supply during the first quarter worth $39,000. Zions Bancorporation National Association UT acquired a new stake in shares of Tractor Supply during the first quarter worth $41,000. Finally, Whittier Trust Co. raised its holdings in shares of Tractor Supply by 79.8% during the second quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 399 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TSCO shares. Citigroup raised their price objective on shares of Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Bank of America upgraded shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Thursday, July 24th. Loop Capital raised their target price on shares of Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, July 25th. Mizuho raised their target price on shares of Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Finally, DA Davidson set a $70.00 target price on shares of Tractor Supply in a research report on Friday, October 24th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.68.

Tractor Supply Stock Performance

Shares of TSCO opened at $54.12 on Friday. The firm has a 50-day moving average of $57.71 and a 200-day moving average of $55.22. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99. The company has a market cap of $28.68 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 2.93 and a beta of 0.73. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data 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 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 the consensus estimate of $3.72 billion. During the same quarter last year, the firm posted $0.45 EPS. The company’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. As a group, equities analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, August 25th. Tractor Supply’s dividend payout ratio (DPR) is 44.23%.

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.