Covea Finance Has $10.49 Million Position in Tractor Supply Company $TSCO

Covea Finance raised its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,487 shares of the specialty retailer’s stock after purchasing an additional 10,900 shares during the quarter. Covea Finance’s holdings in Tractor Supply were worth $10,492,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Delos Wealth Advisors LLC acquired a new position in Tractor Supply in the 2nd quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new stake in Tractor Supply during the second quarter worth approximately $35,000. Financial Gravity Companies Inc. bought a new stake in shares of Tractor Supply during the second quarter worth approximately $38,000. Clayton Financial Group LLC acquired a new position in shares of Tractor Supply in the third quarter valued at approximately $44,000. Finally, Evelyn Partners Asset Management Ltd bought a new position in shares of Tractor Supply during the second quarter worth approximately $46,000. 98.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on TSCO shares. Evercore ISI raised Tractor Supply from a “hold” rating to an “outperform” rating and upped their price objective for the company from $60.00 to $65.00 in a report on Wednesday, November 5th. Robert W. Baird upped their price target on shares of Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Wolfe Research assumed coverage on shares of Tractor Supply in a research report on Thursday, September 18th. They set an “outperform” rating and a $70.00 price target on the stock. Jefferies Financial Group raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tractor Supply in a report on Monday. Fifteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.95.

Tractor Supply Price Performance

Tractor Supply stock opened at $51.55 on Friday. 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 Company has a 52 week low of $46.85 and a 52 week high of $63.99. The stock has a market capitalization of $27.24 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 2.66 and a beta of 0.72. The stock has a fifty day moving average of $53.80 and a 200-day moving average of $56.03.

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

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were paid a $0.23 dividend. 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 dividend payout ratio is presently 44.23%.

Tractor Supply 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.