Anderson Financial Strategies LLC bought a new position in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,780 shares of the specialty retailer’s stock, valued at approximately $98,000.
Several other hedge funds have also recently modified their holdings of TSCO. GW&K Investment Management LLC lifted its holdings 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 valued at $26,000 after purchasing an additional 226 shares in the last quarter. Pacific Center for Financial Services lifted its holdings in Tractor Supply by 400.0% in the fourth quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 440 shares during the last quarter. LRI Investments LLC grew its holdings in shares of Tractor Supply by 400.0% during the 4th quarter. LRI Investments LLC now owns 615 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 492 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in shares of Tractor Supply during the first quarter valued at about $39,000. Finally, Smallwood Wealth Investment Management LLC acquired a new position in Tractor Supply during the first quarter worth $41,000. Institutional investors and hedge funds own 98.72% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Truist Financial raised their target price on Tractor Supply from $60.00 to $66.00 and gave the company a “buy” rating in a report on Friday, July 25th. Telsey Advisory Group set a $70.00 price objective on shares of Tractor Supply in a research note on Friday, July 25th. Wall Street Zen raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Raymond James Financial reiterated an “outperform” rating and set a $65.00 target price (up from $57.00) on shares of Tractor Supply in a report on Friday, July 25th. Finally, Piper Sandler boosted their price target on shares of Tractor Supply from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Thirteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.80.
Insiders Place Their Bets
In related news, EVP Colin Yankee sold 6,680 shares of the company’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $58.40, for a total value of $390,112.00. Following the completion of the sale, the executive vice president owned 40,142 shares in the company, valued at $2,344,292.80. This represents a 14.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kurt D. Barton sold 90,000 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total transaction of $5,756,400.00. Following the sale, the chief financial officer owned 47,715 shares of the company’s stock, valued at approximately $3,051,851.40. This represents a 65.35% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 204,680 shares of company stock worth $12,071,552. Corporate insiders own 0.65% of the company’s stock.
Tractor Supply Stock Performance
Shares of TSCO opened at $58.45 on Thursday. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average price of $59.18 and a 200 day moving average price of $54.47. The company has a market capitalization of $30.98 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 3.03 and a beta of 0.76. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.40 billion. During the same period in the previous year, the company earned $3.93 earnings per share. Tractor Supply’s quarterly revenue was up 4.5% compared to the same quarter last year. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. Research analysts predict that Tractor Supply Company will post 2.17 EPS for the current fiscal year.
Tractor Supply Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were given a dividend of $0.23 per share. The ex-dividend date was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.6%. Tractor Supply’s dividend payout ratio (DPR) is 45.10%.
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.
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