Assenagon Asset Management S.A. Buys 400,706 Shares of Tractor Supply Company $TSCO

Assenagon Asset Management S.A. lifted its stake in Tractor Supply Company (NASDAQ:TSCO) by 1,303.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 431,438 shares of the specialty retailer’s stock after purchasing an additional 400,706 shares during the period. Assenagon Asset Management S.A.’s holdings in Tractor Supply were worth $24,536,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Delos Wealth Advisors LLC purchased a new stake in Tractor Supply in the second quarter worth about $26,000. Opal Wealth Advisors LLC bought a new position in shares of Tractor Supply in the 2nd quarter worth approximately $35,000. Financial Gravity Companies Inc. purchased a new position in shares of Tractor Supply in the 2nd quarter valued at approximately $38,000. Evelyn Partners Asset Management Ltd bought a new stake in shares of Tractor Supply during the second quarter valued at approximately $46,000. Finally, Whittier Trust Co. grew its stake in Tractor Supply by 79.8% in the second quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 399 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Down 2.2%

Shares of Tractor Supply stock opened at $52.33 on Friday. The company has a 50-day simple moving average of $54.17 and a two-hundred day simple moving average of $55.97. The stock has a market capitalization of $27.65 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 2.76 and a beta of 0.72. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.92 annualized dividend and a dividend yield of 1.8%. Tractor Supply’s dividend payout ratio (DPR) is 44.23%.

Analysts Set New Price Targets

Several brokerages have commented on TSCO. Robert W. Baird raised their price objective on Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to an “outperform” rating and increased their price target for the stock from $60.00 to $65.00 in a research note on Wednesday, November 5th. Wells Fargo & Company reissued an “overweight” rating and set a $65.00 price objective on shares of Tractor Supply in a research note on Thursday, October 23rd. DA Davidson set a $70.00 target price on shares of Tractor Supply in a research note on Friday, October 24th. Finally, Wolfe Research assumed coverage on shares of Tractor Supply in a report on Thursday, September 18th. They set an “outperform” rating and a $70.00 target price for the company. Fifteen 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, Tractor Supply has a consensus 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.