Prospera Financial Services Inc Cuts Stock Position in Tractor Supply Company $TSCO

Prospera Financial Services Inc lessened its holdings in Tractor Supply Company (NASDAQ:TSCO) by 13.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,345 shares of the specialty retailer’s stock after selling 5,599 shares during the quarter. Prospera Financial Services Inc’s holdings in Tractor Supply were worth $1,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Summit Wealth & Retirement Planning Inc. bought a new position in Tractor Supply during the second quarter valued at about $332,000. Eukles Asset Management boosted its stake in Tractor Supply by 1.8% in the second quarter. Eukles Asset Management now owns 16,537 shares of the specialty retailer’s stock valued at $873,000 after acquiring an additional 289 shares during the last quarter. Soltis Investment Advisors LLC boosted its stake in Tractor Supply by 22.4% in the second quarter. Soltis Investment Advisors LLC now owns 6,624 shares of the specialty retailer’s stock valued at $350,000 after acquiring an additional 1,213 shares during the last quarter. Suncoast Equity Management grew its position in shares of Tractor Supply by 1.9% during the 2nd quarter. Suncoast Equity Management now owns 50,005 shares of the specialty retailer’s stock valued at $2,639,000 after acquiring an additional 940 shares during the period. Finally, SouthState Corp increased its stake in shares of Tractor Supply by 6.2% during the 2nd quarter. SouthState Corp now owns 36,407 shares of the specialty retailer’s stock worth $1,921,000 after purchasing an additional 2,119 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Stock Up 0.9%

Shares of NASDAQ TSCO opened at $55.94 on Wednesday. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. The company has a market cap of $29.56 billion, a P/E ratio of 26.89, a P/E/G ratio of 2.99 and a beta of 0.70. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99. The business has a 50-day simple moving average of $56.45 and a two-hundred day simple moving average of $55.50.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly 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. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Research analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, November 24th. Tractor Supply’s payout ratio is presently 44.23%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Robert W. Baird upped their price objective on Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. UBS Group boosted their target price on Tractor Supply from $54.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Wells Fargo & Company reiterated an “overweight” rating and set a $65.00 price target on shares of Tractor Supply in a research note on Thursday, October 23rd. The Goldman Sachs Group restated a “buy” rating on shares of Tractor Supply in a research note on Friday, July 25th. Finally, Loop Capital upped their price objective 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. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.95.

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.