Tractor Supply Company $TSCO Shares Bought by Creekmur Asset Management LLC

Creekmur Asset Management LLC grew its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 25.6% in the second quarter, Holdings Channel.com reports. The fund owned 5,139 shares of the specialty retailer’s stock after buying an additional 1,049 shares during the quarter. Creekmur Asset Management LLC’s holdings in Tractor Supply were worth $271,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Tractor Supply by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock valued at $3,671,391,000 after acquiring an additional 2,597,450 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Tractor Supply by 16.0% during the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock valued at $1,521,023,000 after acquiring an additional 3,815,520 shares during the last quarter. Alliancebernstein L.P. raised its stake in Tractor Supply by 10.8% during the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock valued at $1,359,036,000 after purchasing an additional 2,408,373 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Tractor Supply by 14.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer’s stock valued at $657,214,000 after purchasing an additional 1,510,489 shares during the period. Finally, Select Equity Group L.P. raised its stake in Tractor Supply by 16.8% during the 1st quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer’s stock valued at $493,696,000 after purchasing an additional 1,290,771 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Trading Down 0.0%

NASDAQ TSCO opened at $54.11 on Friday. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $28.68 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 2.92 and a beta of 0.73. The firm’s fifty day simple moving average is $57.56 and its 200-day simple moving average is $55.23.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the business posted $0.45 earnings per share. Tractor Supply’s revenue for the quarter 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. As a group, sell-side analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, August 25th. Tractor Supply’s dividend payout ratio is presently 44.23%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Bank of America raised shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Thursday, July 24th. Citigroup boosted their target price 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. Evercore ISI cut their target price on shares of Tractor Supply from $65.00 to $60.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 7th. Wall Street Zen raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Tractor Supply in a research note on Friday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.68.

Tractor Supply 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.