Tractor Supply Company $TSCO Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its holdings in Tractor Supply Company (NASDAQ:TSCO) by 13.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,314 shares of the specialty retailer’s stock after buying an additional 20,225 shares during the period. Rockefeller Capital Management L.P.’s holdings in Tractor Supply were worth $8,829,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. GW&K Investment Management LLC lifted its stake in 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 in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Tractor Supply in the second quarter valued at approximately $35,000. Zions Bancorporation National Association UT purchased a new position in Tractor Supply during the first quarter worth approximately $41,000. Whittier Trust Co. boosted its stake in 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 buying an additional 399 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its holdings in Tractor Supply by 89.6% in the 2nd 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. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group lifted their price target on Tractor Supply from $54.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Raymond James Financial reaffirmed an “outperform” rating and set a $65.00 target price (up from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. Citigroup increased their price target on shares of Tractor Supply from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Telsey Advisory Group restated an “outperform” rating and set a $70.00 price target on shares of Tractor Supply in a report on Thursday, October 23rd. Finally, DA Davidson set a $70.00 price target on shares of Tractor Supply in a research report on Friday, October 24th. Fifteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Tractor Supply currently has an average rating of “Moderate Buy” and an average target price of $63.95.

Tractor Supply Price Performance

Tractor Supply stock opened at $52.54 on Thursday. The company’s 50 day simple moving average is $55.82 and its 200-day simple moving average is $55.65. 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 Company has a 1 year low of $46.85 and a 1 year high of $63.99. The company has a market capitalization of $27.76 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 2.76 and a beta of 0.70.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, equities research analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, November 24th. Tractor Supply’s payout ratio is currently 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.