Motco Grows Stock Position in Tractor Supply Company $TSCO

Motco lifted its stake in Tractor Supply Company (NASDAQ:TSCO) by 33.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,000 shares of the specialty retailer’s stock after buying an additional 500 shares during the period. Motco’s holdings in Tractor Supply were worth $114,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TSCO. Wellington Management Group LLP increased its holdings in shares of Tractor Supply by 16.0% in the first quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock worth $1,521,023,000 after buying an additional 3,815,520 shares during the period. Vanguard Group Inc. increased its holdings in shares of Tractor Supply by 4.1% in the first quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock worth $3,671,391,000 after buying an additional 2,597,450 shares during the period. Alliancebernstein L.P. increased its holdings 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 increased its holdings 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. increased its holdings 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. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSCO. Wells Fargo & Company restated an “overweight” rating and set a $65.00 price target on shares of Tractor Supply in a report on Thursday, October 23rd. Mizuho boosted their price target on Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. The Goldman Sachs Group reissued a “buy” rating on shares of Tractor Supply in a research report on Friday, July 25th. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 price target on shares of Tractor Supply in a research report on Thursday, October 23rd. Finally, Piper Sandler boosted their price target on Tractor Supply from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average price target of $63.68.

Tractor Supply Stock Performance

Shares of TSCO opened at $54.24 on Thursday. The stock has a market cap of $28.74 billion, a P/E ratio of 26.08, a P/E/G ratio of 3.00 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 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average price is $57.84 and its 200-day moving average price is $55.23.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data 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. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Equities research 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 disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were given a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 annualized dividend and a yield of 1.7%. Tractor Supply’s dividend payout ratio is 44.23%.

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.