Tractor Supply Company $TSCO Stock Position Increased by Davis R M Inc.

Davis R M Inc. boosted its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 833,179 shares of the specialty retailer’s stock after buying an additional 35,832 shares during the quarter. Davis R M Inc.’s holdings in Tractor Supply were worth $43,967,000 at the end of the most recent quarter.

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

Tractor Supply Stock Up 2.2%

Shares of Tractor Supply stock opened at $54.27 on Monday. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The company has a market cap of $28.76 billion, a P/E ratio of 26.09, a P/E/G ratio of 2.93 and a beta of 0.70. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average price of $56.69 and a 200 day moving average price of $55.41.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The company 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 firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, analysts expect that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be given a $0.23 dividend. 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 is presently 44.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TSCO shares. Wolfe Research started coverage on Tractor Supply in a research note on Thursday, September 18th. They set an “outperform” rating and a $70.00 price objective for the company. Evercore ISI raised Tractor Supply from a “hold” rating to an “outperform” rating and upped their target price for the company from $60.00 to $65.00 in a report on Wednesday, November 5th. Wall Street Zen raised Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $65.00 price objective on shares of Tractor Supply in a research note on Thursday, October 23rd. Finally, Mizuho raised their target price on shares of Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Fifteen equities research 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, the stock currently has a consensus rating of “Moderate Buy” and an average 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.