Cetera Investment Advisers Sells 20,459 Shares of Tractor Supply Company $TSCO

Cetera Investment Advisers lessened its position in Tractor Supply Company (NASDAQ:TSCO) by 12.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 149,761 shares of the specialty retailer’s stock after selling 20,459 shares during the period. Cetera Investment Advisers’ holdings in Tractor Supply were worth $7,903,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bison Wealth LLC increased its position in Tractor Supply by 356.1% during the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after purchasing an additional 5,017 shares during the period. Avantax Advisory Services Inc. grew its holdings in Tractor Supply by 9.4% in the first quarter. Avantax Advisory Services Inc. now owns 43,951 shares of the specialty retailer’s stock worth $2,422,000 after purchasing an additional 3,791 shares during the period. Assetmark Inc. increased its stake in shares of Tractor Supply by 21.2% during the first quarter. Assetmark Inc. now owns 1,331 shares of the specialty retailer’s stock valued at $73,000 after purchasing an additional 233 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of Tractor Supply by 92.2% during the first quarter. HB Wealth Management LLC now owns 22,936 shares of the specialty retailer’s stock valued at $1,264,000 after purchasing an additional 11,000 shares during the last quarter. Finally, FourThought Financial Partners LLC boosted its position in shares of Tractor Supply by 4.8% in the 1st quarter. FourThought Financial Partners LLC now owns 66,190 shares of the specialty retailer’s stock worth $3,647,000 after purchasing an additional 3,044 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on TSCO. Wells Fargo & Company reaffirmed an “overweight” rating and set a $65.00 price objective on shares of Tractor Supply in a research report on Thursday, October 23rd. Wolfe Research started coverage on Tractor Supply in a report on Thursday, September 18th. They set an “outperform” rating and a $70.00 price target for the company. Mizuho upped their price target on shares of Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. DA Davidson set a $70.00 price objective on shares of Tractor Supply in a research note on Friday, October 24th. Finally, Evercore ISI raised shares of Tractor Supply from a “hold” rating to an “outperform” rating and lifted their target price for the stock from $60.00 to $65.00 in a report on Wednesday, November 5th. Fifteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Tractor Supply has an average rating of “Moderate Buy” and an average price target of $63.95.

Tractor Supply Stock Up 0.5%

TSCO opened at $52.92 on Friday. The stock has a market capitalization of $27.96 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 2.73 and a beta of 0.70. The firm has a 50 day moving average price of $55.52 and a 200-day moving average price of $55.67. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Equities research 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 announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be issued a $0.23 dividend. The ex-dividend date of this dividend 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 currently 44.23%.

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.