Foundations Investment Advisors LLC Makes New $322,000 Investment in Tractor Supply Company $TSCO

Foundations Investment Advisors LLC acquired a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) in the second quarter, HoldingsChannel.com reports. The fund acquired 6,109 shares of the specialty retailer’s stock, valued at approximately $322,000.

Other institutional investors also recently bought and sold shares of the company. Bison Wealth LLC grew its stake in shares of Tractor Supply by 356.1% during the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after acquiring an additional 5,017 shares during the period. Private Advisor Group LLC boosted its position in shares of Tractor Supply by 11.8% in the first quarter. Private Advisor Group LLC now owns 55,958 shares of the specialty retailer’s stock worth $3,083,000 after purchasing an additional 5,887 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of Tractor Supply by 3.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 41,240 shares of the specialty retailer’s stock worth $2,273,000 after purchasing an additional 1,435 shares in the last quarter. Lindbrook Capital LLC raised its position in shares of Tractor Supply by 57.8% during the 1st quarter. Lindbrook Capital LLC now owns 3,566 shares of the specialty retailer’s stock valued at $196,000 after purchasing an additional 1,306 shares during the period. Finally, GW&K Investment Management LLC raised its position in shares of Tractor Supply by 89.3% during the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 226 shares during the period. 98.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on TSCO. Evercore ISI raised shares of Tractor Supply from a “hold” rating to an “outperform” rating and upped their target price for the stock from $60.00 to $65.00 in a report on Wednesday, November 5th. Loop Capital upped their price objective on Tractor Supply from $48.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, July 25th. Morgan Stanley raised Tractor Supply from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $50.00 to $60.00 in a research note on Friday, October 24th. The Goldman Sachs Group reissued a “buy” rating on shares of Tractor Supply in a report on Friday, July 25th. Finally, Wolfe Research assumed coverage on shares of Tractor Supply in a research report on Thursday, September 18th. They set an “outperform” rating and a $70.00 price objective on the stock. Fifteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $63.95.

Tractor Supply Stock Down 1.8%

Shares of TSCO opened at $52.54 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14. The stock has a market capitalization of $27.76 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 2.76 and a beta of 0.70. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The business’s 50 day simple moving average is $55.82 and its 200-day simple moving average is $55.65.

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 analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. Tractor Supply’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, equities analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, November 24th. Tractor Supply’s dividend payout ratio is currently 44.23%.

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.