CVA Family Office LLC Cuts Position in Tractor Supply Company $TSCO

CVA Family Office LLC reduced its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 30.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 596 shares of the specialty retailer’s stock after selling 263 shares during the period. CVA Family Office LLC’s holdings in Tractor Supply were worth $31,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Tractor Supply by 4.1% during the first quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock worth $3,671,391,000 after buying an additional 2,597,450 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Tractor Supply by 16.0% during the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock valued at $1,521,023,000 after acquiring an additional 3,815,520 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Tractor Supply by 10.8% during the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock worth $1,359,036,000 after acquiring an additional 2,408,373 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Tractor Supply by 14.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer’s stock worth $657,214,000 after acquiring an additional 1,510,489 shares during the period. Finally, Select Equity Group L.P. increased its stake in Tractor Supply by 16.8% in the 1st quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer’s stock valued at $493,696,000 after purchasing an additional 1,290,771 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

Tractor Supply stock opened at $56.28 on Monday. The stock has a market capitalization of $29.83 billion, a P/E ratio of 27.06, a P/E/G ratio of 2.89 and a beta of 0.73. 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 firm’s 50-day moving average is $58.21 and its two-hundred day moving average is $55.14.

Tractor Supply (NASDAQ:TSCO) last announced 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. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 earnings per share. 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 earnings per share for the current year.

Tractor Supply Announces Dividend

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

Wall Street Analyst Weigh In

TSCO has been the topic of several research reports. Piper Sandler upped their target price on Tractor Supply from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Morgan Stanley raised shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $50.00 to $60.00 in a research note on Friday. Raymond James Financial restated an “outperform” rating and set a $65.00 target price (up from $57.00) on shares of Tractor Supply in a report on Friday, July 25th. UBS Group upped their price target on shares of Tractor Supply from $54.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Finally, Wolfe Research began coverage on shares of Tractor Supply in a research note on Thursday, September 18th. They set an “outperform” rating and a $70.00 price objective for the company. Fifteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.