CapWealth Advisors LLC Cuts Stock Holdings in Tractor Supply Company $TSCO

CapWealth Advisors LLC lowered its holdings in Tractor Supply Company (NASDAQ:TSCO) by 5.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 161,006 shares of the specialty retailer’s stock after selling 10,081 shares during the quarter. CapWealth Advisors LLC’s holdings in Tractor Supply were worth $9,156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GPS Wealth Strategies Group LLC raised its stake 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 worth $945,000 after buying an additional 175 shares in the last quarter. Bennett Selby Investments LP boosted its position 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 valued at $788,000 after acquiring an additional 191 shares in the last quarter. Hancock Whitney Corp increased its holdings in shares of Tractor Supply by 2.0% in the 1st quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer’s stock valued at $543,000 after acquiring an additional 194 shares during the period. Mount Vernon Associates Inc. MD raised its position 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 worth $3,566,000 after acquiring an additional 200 shares in the last quarter. Finally, Perigon Wealth Management LLC raised its position in shares of Tractor Supply by 0.6% in the 3rd quarter. Perigon Wealth Management LLC now owns 34,036 shares of the specialty retailer’s stock worth $1,936,000 after acquiring an additional 200 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tractor Supply in a research report on Monday. Mizuho raised their price target on shares of Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a report 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 research report on Thursday, October 23rd. DA Davidson set a $70.00 price objective on shares of Tractor Supply in a research note on Friday, October 24th. Finally, Citigroup raised their target price on shares of Tractor Supply from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Fifteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Tractor Supply currently has a consensus rating of “Moderate Buy” and an average target price of $64.58.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $50.01 on Friday. The company has a 50 day moving average price of $53.32 and a 200 day moving average price of $56.01. The firm has a market capitalization of $26.43 billion, a P/E ratio of 24.04, a PEG ratio of 2.58 and a beta of 0.74. 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 52 week low of $46.85 and a 52 week high of $63.99.

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 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 business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the business posted $0.45 EPS. Tractor Supply’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. Sell-side analysts expect that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders 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 dividend on an annualized basis and a yield of 1.8%. Tractor Supply’s payout ratio is currently 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.