Richards Merrill & Peterson Inc. Increases Position in Tractor Supply Company $TSCO

Richards Merrill & Peterson Inc. grew its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 2.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 16,740 shares of the specialty retailer’s stock after purchasing an additional 435 shares during the period. Richards Merrill & Peterson Inc.’s holdings in Tractor Supply were worth $883,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Tractor Supply by 2.5% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,250,470 shares of the specialty retailer’s stock worth $65,987,000 after acquiring an additional 31,065 shares in the last quarter. Moloney Securities Asset Management LLC lifted its position in Tractor Supply by 3.5% during the second quarter. Moloney Securities Asset Management LLC now owns 12,530 shares of the specialty retailer’s stock valued at $661,000 after purchasing an additional 422 shares during the period. Catalyst Capital Advisors LLC boosted its stake in shares of Tractor Supply by 72.2% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 1,813 shares of the specialty retailer’s stock worth $96,000 after buying an additional 760 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Tractor Supply by 7,630.8% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,005 shares of the specialty retailer’s stock worth $53,000 after purchasing an additional 992 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Tractor Supply by 2.1% during the second quarter. Asset Management One Co. Ltd. now owns 225,387 shares of the specialty retailer’s stock valued at $11,894,000 after buying an additional 4,683 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $56.28 on Friday. The stock has a market capitalization of $29.83 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 2.90 and a beta of 0.73. The firm has a 50-day simple moving average of $58.21 and a 200-day simple moving average of $55.07. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99. The company has a quick ratio of 0.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.69.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the business posted $0.45 EPS. Tractor Supply’s revenue was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, equities analysts predict 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, September 9th. Stockholders of record on Monday, August 25th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, August 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 45.10%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TSCO shares. Morgan Stanley upgraded shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $50.00 to $60.00 in a research report on Friday. UBS Group lifted their price objective on shares of Tractor Supply from $54.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Mizuho increased their price objective on shares of Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday. Robert W. Baird boosted their price target on Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a report on Friday. Finally, Evercore ISI reduced their price target on Tractor Supply from $65.00 to $60.00 and set an “in-line” rating for the company in a research report on Tuesday, October 7th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.60.

Insider Activity at Tractor Supply

In other news, EVP Colin Yankee sold 6,680 shares of the company’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $58.40, for a total transaction of $390,112.00. Following the completion of the transaction, the executive vice president directly owned 40,142 shares of the company’s stock, valued at approximately $2,344,292.80. This represents a 14.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.65% of the company’s stock.

Tractor Supply Company Profile

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.