Thrivent Financial for Lutherans Raises Stake in Tractor Supply Company $TSCO

Thrivent Financial for Lutherans raised its position in Tractor Supply Company (NASDAQ:TSCO) by 45.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,323 shares of the specialty retailer’s stock after purchasing an additional 46,471 shares during the period. Thrivent Financial for Lutherans’ holdings in Tractor Supply were worth $7,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. GPS Wealth Strategies Group LLC increased its holdings in Tractor Supply by 1.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 17,908 shares of the specialty retailer’s stock valued at $945,000 after buying an additional 175 shares during the last quarter. Bennett Selby Investments LP lifted its holdings in Tractor Supply by 1.3% during the 2nd quarter. Bennett Selby Investments LP now owns 14,932 shares of the specialty retailer’s stock worth $788,000 after buying an additional 191 shares during the last quarter. Hancock Whitney Corp boosted its position in shares of Tractor Supply by 2.0% during the 1st quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer’s stock worth $543,000 after acquiring an additional 194 shares in the last quarter. Mount Vernon Associates Inc. MD increased its holdings in shares of Tractor Supply by 0.3% in the 2nd quarter. Mount Vernon Associates Inc. MD now owns 67,570 shares of the specialty retailer’s stock valued at $3,566,000 after acquiring an additional 200 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its holdings in shares of Tractor Supply by 0.3% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 66,483 shares of the specialty retailer’s stock valued at $3,663,000 after acquiring an additional 208 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $52.33 on Friday. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99. The business has a fifty day moving average of $54.17 and a 200-day moving average of $55.97. The stock has a market cap of $27.65 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 2.76 and a beta of 0.72.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $3.72 billion during 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were paid 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 is presently 44.23%.

Analyst Ratings Changes

Several research firms recently weighed in on TSCO. Mizuho boosted their target price on Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. DA Davidson set a $70.00 price objective on shares of Tractor Supply in a research report on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Tractor Supply in a research report on Monday. 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. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $65.00 target price on shares of Tractor Supply in a research note on Thursday, October 23rd. Fifteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply has a consensus rating of “Moderate Buy” and a consensus price target 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.