Asset Management One Co. Ltd. Has $11.89 Million Stake in Tractor Supply Company $TSCO

Asset Management One Co. Ltd. grew its holdings in Tractor Supply Company (NASDAQ:TSCO) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 225,387 shares of the specialty retailer’s stock after purchasing an additional 4,683 shares during the period. Asset Management One Co. Ltd.’s holdings in Tractor Supply were worth $11,894,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. GW&K Investment Management LLC increased 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 purchasing an additional 226 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Tractor Supply during the 2nd quarter valued at about $35,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Tractor Supply during the 1st quarter valued at about $39,000. Zions Bancorporation National Association UT acquired a new stake in shares of Tractor Supply during the 1st quarter valued at about $41,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in shares of Tractor Supply during the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Down 0.1%

TSCO opened at $56.28 on Monday. The business has a 50 day moving average price of $58.21 and a 200 day moving average price of $55.14. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30. The firm has a market cap of $29.83 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 2.89 and a beta of 0.73.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Research analysts forecast that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, August 25th. Tractor Supply’s payout ratio is currently 44.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Loop Capital lifted their price target on Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a report on Friday, July 25th. Morgan Stanley upgraded Tractor Supply from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $50.00 to $60.00 in a report on Friday. Citigroup lifted their price target on Tractor Supply from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company reiterated an “overweight” rating and set a $65.00 price target on shares of Tractor Supply in a report on Thursday. 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 report on Tuesday, October 7th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.60.

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.