Cerity Partners LLC Has $27.98 Million Stake in Tractor Supply Company $TSCO

Cerity Partners LLC trimmed its position in Tractor Supply Company (NASDAQ:TSCO) by 14.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 530,224 shares of the specialty retailer’s stock after selling 87,597 shares during the period. Cerity Partners LLC owned about 0.10% of Tractor Supply worth $27,980,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. lifted its stake in shares of Tractor Supply by 123.4% during the second quarter. Invesco Ltd. now owns 15,079,313 shares of the specialty retailer’s stock valued at $795,735,000 after acquiring an additional 8,329,462 shares during the period. Norges Bank acquired a new stake in Tractor Supply in the second quarter worth about $274,959,000. Wellington Management Group LLP raised its holdings in Tractor Supply by 16.0% during the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock worth $1,521,023,000 after purchasing an additional 3,815,520 shares during the last quarter. Alliancebernstein L.P. lifted its position in Tractor Supply by 10.8% during the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock valued at $1,359,036,000 after purchasing an additional 2,408,373 shares during the period. Finally, Soundwatch Capital LLC acquired a new position in Tractor Supply during the 2nd quarter valued at about $81,025,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Price Performance

Shares of TSCO stock opened at $53.34 on Tuesday. 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 12-month low of $46.85 and a 12-month high of $63.99. The firm has a fifty day moving average of $54.59 and a 200-day moving average of $55.89. The firm has a market capitalization of $28.18 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 2.79 and a beta of 0.72.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, topping 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 business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the business posted $0.45 EPS. The firm’s revenue 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. On average, equities research analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be given a $0.23 dividend. The ex-dividend date is Monday, November 24th. This represents a $0.92 annualized dividend and a dividend yield of 1.7%. Tractor Supply’s payout ratio is currently 44.23%.

Analyst Ratings Changes

TSCO has been the subject of a number of recent research reports. Wolfe Research initiated coverage on shares of Tractor Supply in a research note on Thursday, September 18th. They set an “outperform” rating and a $70.00 price target for the company. Jefferies Financial Group raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a report on Monday, November 24th. DA Davidson set a $70.00 price target on Tractor Supply in a research note on Friday, October 24th. Citigroup lifted 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. Finally, Mizuho upped their price objective on Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Sixteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.