Argent Capital Management LLC Sells 142,271 Shares of Tractor Supply Company $TSCO

Argent Capital Management LLC trimmed its position in Tractor Supply Company (NASDAQ:TSCO) by 31.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 306,352 shares of the specialty retailer’s stock after selling 142,271 shares during the period. Argent Capital Management LLC’s holdings in Tractor Supply were worth $17,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management boosted its position in shares of Tractor Supply by 166.6% in the third quarter. OFI Invest Asset Management now owns 4,990 shares of the specialty retailer’s stock valued at $284,000 after acquiring an additional 3,118 shares during the period. Jamison Private Wealth Management Inc. raised its stake in Tractor Supply by 10.3% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 32,122 shares of the specialty retailer’s stock worth $1,827,000 after purchasing an additional 2,998 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Tractor Supply by 81.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,102 shares of the specialty retailer’s stock worth $290,000 after purchasing an additional 2,285 shares in the last quarter. Capital Insight Partners LLC boosted its holdings in Tractor Supply by 1.7% in the 3rd quarter. Capital Insight Partners LLC now owns 32,870 shares of the specialty retailer’s stock valued at $1,869,000 after purchasing an additional 554 shares during the period. Finally, Hixon Zuercher LLC grew its position in shares of Tractor Supply by 1.4% during the 3rd quarter. Hixon Zuercher LLC now owns 28,395 shares of the specialty retailer’s stock worth $1,615,000 after purchasing an additional 382 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TSCO shares. Morgan Stanley upgraded shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $50.00 to $60.00 in a research report on Friday, October 24th. Citigroup raised their price objective on Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $65.00 price objective on shares of Tractor Supply in a report on Thursday, October 23rd. Telsey Advisory Group reissued an “outperform” rating and set a $70.00 target price on shares of Tractor Supply in a report on Thursday, October 23rd. Finally, DA Davidson set a $70.00 price target on Tractor Supply in a research report on Friday, October 24th. Fifteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.95.

Tractor Supply Stock Up 0.6%

NASDAQ TSCO opened at $51.72 on Tuesday. The business has a fifty day moving average price of $54.05 and a two-hundred day moving average price of $56.10. The stock has a market capitalization of $27.33 billion, a PE ratio of 24.87, a PEG ratio of 2.65 and a beta of 0.72. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results 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. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the company posted $0.45 EPS. The company’s revenue for the quarter 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. Equities analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders 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 yield of 1.8%. Tractor Supply’s payout ratio is presently 44.23%.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.