Moloney Securities Asset Management LLC Purchases 422 Shares of Tractor Supply Company $TSCO

Moloney Securities Asset Management LLC lifted its position in Tractor Supply Company (NASDAQ:TSCO) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,530 shares of the specialty retailer’s stock after acquiring an additional 422 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Tractor Supply were worth $661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC raised its holdings in shares of Tractor Supply by 72.2% in the second quarter. Catalyst Capital Advisors LLC now owns 1,813 shares of the specialty retailer’s stock valued at $96,000 after acquiring an additional 760 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Tractor Supply by 7,630.8% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,005 shares of the specialty retailer’s stock valued at $53,000 after purchasing an additional 992 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in Tractor Supply by 2.1% in the second quarter. Asset Management One Co. Ltd. now owns 225,387 shares of the specialty retailer’s stock valued at $11,894,000 after purchasing an additional 4,683 shares during the last quarter. Tributary Capital Management LLC grew its stake in Tractor Supply by 3.7% in the second quarter. Tributary Capital Management LLC now owns 26,848 shares of the specialty retailer’s stock valued at $1,417,000 after purchasing an additional 967 shares during the last quarter. Finally, Brookstone Capital Management grew its stake in Tractor Supply by 28.1% in the second quarter. Brookstone Capital Management now owns 9,618 shares of the specialty retailer’s stock valued at $508,000 after purchasing an additional 2,109 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insider Transactions at Tractor Supply

In other Tractor Supply news, EVP Colin Yankee sold 6,680 shares of the business’s 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 completion of the transaction, the executive vice president directly owned 40,142 shares of the company’s stock, valued at approximately $2,344,292.80. The trade was a 14.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of research analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $70.00 price target on shares of Tractor Supply in a research note on Thursday. Evercore ISI dropped their price target on 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. 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 note on Thursday, July 24th. Citigroup boosted their price target on Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Tractor Supply in a research note on Friday. Fifteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.60.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $56.28 on Friday. The business’s 50 day moving average price is $58.21 and its 200 day moving average price is $55.07. The firm has a market cap of $29.83 billion, a P/E ratio of 27.06, a P/E/G ratio of 2.90 and a beta of 0.73. Tractor Supply Company has a 52 week low of $46.85 and a 52 week 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.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, beating 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 firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Tractor Supply’s revenue for the quarter was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, sell-side analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%. Tractor Supply’s payout ratio is presently 45.10%.

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.