Tractor Supply Company $TSCO Stock Holdings Lessened by Riverstone Advisors LLC

Riverstone Advisors LLC lowered its stake in Tractor Supply Company (NASDAQ:TSCO) by 2.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 179,049 shares of the specialty retailer’s stock after selling 4,162 shares during the quarter. Tractor Supply accounts for about 5.1% of Riverstone Advisors LLC’s portfolio, making the stock its 6th biggest holding. Riverstone Advisors LLC’s holdings in Tractor Supply were worth $9,448,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in TSCO. GW&K Investment Management LLC lifted its holdings in Tractor Supply by 89.3% during the first 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. Opal Wealth Advisors LLC acquired a new position in shares of Tractor Supply during the 2nd quarter worth about $35,000. Financial Gravity Companies Inc. acquired a new position in shares of Tractor Supply during the 2nd quarter worth about $38,000. Zions Bancorporation National Association UT purchased a new position in Tractor Supply in the 1st quarter valued at about $41,000. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in Tractor Supply in the 2nd quarter worth about $46,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $52.92 on Friday. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99. The stock has a market cap of $27.96 billion, a PE ratio of 25.44, a P/E/G ratio of 2.71 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30. The stock has a 50 day moving average price of $55.52 and a 200 day moving average price of $55.64.

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, 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 company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the business earned $0.45 EPS. The firm’s quarterly 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. Equities research analysts expect that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently disclosed 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 1.7%. The ex-dividend date is Monday, November 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 44.23%.

Wall Street Analysts Forecast Growth

TSCO has been the subject of a number of research analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Tractor Supply in a report on Friday, July 25th. UBS Group boosted their price target on Tractor Supply from $54.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Raymond James Financial reissued an “outperform” rating and issued a $65.00 price objective (up from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. DA Davidson set a $70.00 price objective on Tractor Supply in a report on Friday, October 24th. Finally, Citigroup lifted their target price on shares of Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.95.

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.