Copeland Capital Management LLC Trims Holdings in Tractor Supply Company $TSCO

Copeland Capital Management LLC lowered its position in Tractor Supply Company (NASDAQ:TSCO) by 77.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,639 shares of the specialty retailer’s stock after selling 15,682 shares during the period. Copeland Capital Management LLC’s holdings in Tractor Supply were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSCO. Delos Wealth Advisors LLC acquired a new stake in Tractor Supply during the 2nd quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Tractor Supply during the second quarter worth $35,000. Financial Gravity Companies Inc. acquired a new position in Tractor Supply during the second quarter valued at $38,000. Clayton Financial Group LLC purchased a new stake in Tractor Supply in the third quarter valued at $44,000. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in Tractor Supply during the 2nd quarter worth about $46,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Jefferies Financial Group raised Tractor Supply from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Robert W. Baird lifted their price target on Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Morgan Stanley upgraded Tractor Supply from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $50.00 to $60.00 in a research report on Friday, October 24th. Citigroup raised their price objective on shares of Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. 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 six have assigned a Hold rating to the company. According to MarketBeat.com, Tractor Supply presently has an average rating of “Moderate Buy” and an average price target of $64.58.

Tractor Supply Price Performance

Tractor Supply stock opened at $50.35 on Wednesday. The stock has a market capitalization of $26.61 billion, a P/E ratio of 24.21, a P/E/G ratio of 2.62 and a beta of 0.72. The company’s fifty day moving average price is $53.55 and its 200 day moving average price is $56.09. 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 1 year low of $46.85 and a 1 year high of $63.99.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, equities research analysts anticipate 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 issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, November 24th. 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.