Saturna Capital Corp Raises Stock Position in Tractor Supply Company $TSCO

Saturna Capital Corp boosted its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 9.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,830 shares of the specialty retailer’s stock after purchasing an additional 1,280 shares during the period. Saturna Capital Corp’s holdings in Tractor Supply were worth $783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GW&K Investment Management LLC lifted its holdings in shares of Tractor Supply by 89.3% in the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 226 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Tractor Supply during the second quarter worth about $35,000. Financial Gravity Companies Inc. acquired a new stake in Tractor Supply during the second quarter worth about $38,000. Zions Bancorporation National Association UT purchased a new position in Tractor Supply during the first quarter valued at approximately $41,000. Finally, Whittier Trust Co. lifted its holdings in Tractor Supply by 79.8% in the second quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 399 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Stock Down 0.3%

Shares of NASDAQ TSCO opened at $53.53 on Wednesday. The firm has a market cap of $28.29 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71. The company’s 50-day simple moving average is $55.94 and its 200-day simple moving average is $55.67. 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 posted its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (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 company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the firm posted $0.45 EPS. Tractor Supply’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. Equities analysts predict that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Truist Financial raised their price objective on shares of Tractor Supply from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Robert W. Baird raised their price target on shares of 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 raised shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $50.00 to $60.00 in a report on Friday, October 24th. Wells Fargo & Company reissued an “overweight” rating and set a $65.00 target price on shares of Tractor Supply in a research note on Thursday, October 23rd. Finally, Evercore ISI upgraded Tractor Supply from a “hold” rating to an “outperform” rating and raised their target price for the company from $60.00 to $65.00 in a research report on Wednesday, November 5th. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.