CVA Family Office LLC Decreases Stock Holdings in Tractor Supply Company $TSCO

CVA Family Office LLC lowered its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 30.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 596 shares of the specialty retailer’s stock after selling 263 shares during the period. CVA Family Office LLC’s holdings in Tractor Supply were worth $31,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bison Wealth LLC increased its holdings in shares of Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after acquiring an additional 5,017 shares during the last quarter. GAMMA Investing LLC increased its stake in Tractor Supply by 11.0% in the first quarter. GAMMA Investing LLC now owns 15,205 shares of the specialty retailer’s stock valued at $838,000 after purchasing an additional 1,503 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Tractor Supply by 13.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 19,907 shares of the specialty retailer’s stock worth $1,097,000 after purchasing an additional 2,361 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Tractor Supply by 502.7% during the 1st quarter. Golden State Wealth Management LLC now owns 904 shares of the specialty retailer’s stock worth $50,000 after buying an additional 754 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Tractor Supply by 30.1% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer’s stock worth $51,000 after buying an additional 213 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Stock Down 0.1%

Tractor Supply stock opened at $56.28 on Monday. The stock has a 50 day moving average of $58.21 and a two-hundred day moving average of $55.14. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The stock has a market capitalization of $29.83 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 2.89 and a beta of 0.73. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69.

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 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 business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. The company’s quarterly 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. As a group, research analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, August 25th. Tractor Supply’s payout ratio is 44.23%.

Wall Street Analyst Weigh In

TSCO has been the topic of several research analyst reports. Truist Financial lifted their price target on shares of Tractor Supply from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Raymond James Financial reiterated an “outperform” rating and set a $65.00 target price (up previously from $57.00) 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 target price on shares of Tractor Supply in a research report on Thursday. Citigroup lifted their price target on Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Tractor Supply in a report on Friday, July 25th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average price target of $63.60.

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.