First National Advisers LLC Boosts Holdings in Tractor Supply Company $TSCO

First National Advisers LLC increased its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,257 shares of the specialty retailer’s stock after buying an additional 1,059 shares during the period. First National Advisers LLC’s holdings in Tractor Supply were worth $1,122,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its position in shares of Tractor Supply by 3.9% during the second quarter. Mackenzie Financial Corp now owns 142,531 shares of the specialty retailer’s stock worth $7,521,000 after acquiring an additional 5,299 shares during the period. Skandinaviska Enskilda Banken AB publ increased its holdings in Tractor Supply by 22.0% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 111,102 shares of the specialty retailer’s stock worth $5,860,000 after purchasing an additional 20,000 shares during the period. Virtus Investment Advisers LLC purchased a new stake in Tractor Supply during the 2nd quarter worth about $1,465,000. Colonial Trust Advisors raised its position in Tractor Supply by 1.3% in the 2nd quarter. Colonial Trust Advisors now owns 16,489 shares of the specialty retailer’s stock valued at $870,000 after purchasing an additional 214 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Tractor Supply in the 2nd quarter valued at about $274,959,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on TSCO. Jefferies Financial Group upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to an “outperform” rating and boosted their price target for the stock from $60.00 to $65.00 in a report on Wednesday, November 5th. DA Davidson set a $70.00 price objective on shares of Tractor Supply in a report on Friday, October 24th. Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 target price on shares of Tractor Supply in a research note on Thursday, October 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Tractor Supply in a report on Monday, November 24th. Sixteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Tractor Supply presently has an average rating of “Moderate Buy” and a consensus target price of $63.95.

Tractor Supply Trading Up 0.3%

NASDAQ TSCO opened at $54.78 on Friday. The firm’s fifty day moving average price is $55.01 and its 200 day moving average price is $55.76. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. 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 company has a market capitalization of $28.95 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 2.82 and a beta of 0.70.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. Tractor Supply’s revenue for the quarter 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, sell-side analysts expect that Tractor Supply Company will post 2.17 earnings per share 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. Shareholders of record on Monday, November 24th will be paid a $0.23 dividend. The ex-dividend date is Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. Tractor Supply’s 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.