Tractor Supply Company $TSCO Holdings Lifted by Hixon Zuercher LLC

Hixon Zuercher LLC grew its holdings in Tractor Supply Company (NASDAQ:TSCO) by 2.4% during the second quarter, Holdings Channel.com reports. The firm owned 28,013 shares of the specialty retailer’s stock after buying an additional 649 shares during the period. Hixon Zuercher LLC’s holdings in Tractor Supply were worth $1,478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TSCO. GW&K Investment Management LLC lifted its holdings in shares of Tractor Supply by 89.3% during the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 226 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Tractor Supply in the second quarter worth $35,000. Financial Gravity Asset Management Inc. bought a new stake in Tractor Supply during the first quarter valued at about $39,000. Smallwood Wealth Investment Management LLC bought a new position in Tractor Supply in the 1st quarter worth approximately $41,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Tractor Supply during the first quarter worth approximately $41,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Colin Yankee sold 6,680 shares of Tractor Supply stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $58.40, for a total value of $390,112.00. Following the sale, the executive vice president owned 40,142 shares of the company’s stock, valued at approximately $2,344,292.80. This trade represents a 14.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Loop Capital increased 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. Bank of America upgraded Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Thursday, July 24th. Wall Street Zen raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. JPMorgan Chase & Co. lifted their price target on Tractor Supply from $56.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Finally, Raymond James Financial restated an “outperform” rating and issued a $65.00 price objective (up previously from $57.00) on shares of Tractor Supply in a research report on Friday, July 25th. Fifteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Tractor Supply currently has an average rating of “Moderate Buy” and an average target price of $63.60.

Tractor Supply Price Performance

Shares of TSCO stock opened at $56.28 on Friday. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The company has a quick ratio of 0.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $29.83 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 2.90 and a beta of 0.73. The firm has a fifty day moving average of $58.21 and a 200-day moving average of $55.12.

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

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, August 25th. Tractor Supply’s dividend payout ratio is 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.