Citigroup Inc. Raises Stock Holdings in Tractor Supply Company $TSCO

Citigroup Inc. lifted its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 182.1% in the second quarter, Holdings Channel reports. The institutional investor owned 1,748,158 shares of the specialty retailer’s stock after buying an additional 1,128,388 shares during the quarter. Citigroup Inc.’s holdings in Tractor Supply were worth $92,250,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TSCO. GW&K Investment Management LLC increased its position in shares of Tractor Supply by 89.3% in the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 226 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Tractor Supply during the second quarter worth about $35,000. Financial Gravity Companies Inc. acquired a new position in Tractor Supply in the second quarter worth about $38,000. Zions Bancorporation National Association UT bought a new stake in Tractor Supply in the first quarter valued at about $41,000. Finally, Whittier Trust Co. increased its holdings in Tractor Supply by 79.8% in the second quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 399 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Trading Down 0.3%

Shares of TSCO stock opened at $53.53 on Wednesday. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The firm has a market capitalization of $28.29 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71. The stock has a fifty day moving average of $55.94 and a two-hundred day moving average of $55.67. 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 quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, research analysts expect that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Dividend Announcement

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

Wall Street Analysts Forecast Growth

TSCO has been the subject of a number of research analyst reports. Truist Financial boosted their price target on Tractor Supply from $60.00 to $66.00 and gave the company a “buy” rating in a report on Friday, July 25th. Raymond James Financial reiterated an “outperform” rating and set a $65.00 target price (up previously from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. DA Davidson set a $70.00 price target on shares of Tractor Supply in a research report on Friday, October 24th. Loop Capital lifted their price target on shares of Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a report on Friday, July 25th. Finally, Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to an “outperform” rating and increased their price objective for the stock from $60.00 to $65.00 in a research note on Wednesday, November 5th. Fifteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.95.

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.