FineMark National Bank & Trust Increases Holdings in Tractor Supply Company $TSCO

FineMark National Bank & Trust increased its position in Tractor Supply Company (NASDAQ:TSCO) by 3.3% during the 2nd quarter, Holdings Channel reports. The firm owned 44,465 shares of the specialty retailer’s stock after acquiring an additional 1,440 shares during the quarter. FineMark National Bank & Trust’s holdings in Tractor Supply were worth $2,346,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of Tractor Supply by 16.0% in the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock worth $1,521,023,000 after buying an additional 3,815,520 shares during the period. Vanguard Group Inc. raised its holdings in shares of Tractor Supply by 4.1% in the first quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock valued at $3,671,391,000 after acquiring an additional 2,597,450 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Tractor Supply by 10.8% in the first 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 during the period. Price T Rowe Associates Inc. MD grew its holdings in Tractor Supply by 14.5% during 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 in the last quarter. Finally, Select Equity Group L.P. increased its position in Tractor Supply by 16.8% during 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 during the period. 98.72% of the stock is owned by institutional investors.

Tractor Supply Stock Performance

TSCO opened at $52.54 on Thursday. The company has a market cap of $27.76 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 2.76 and a beta of 0.70. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. The firm’s 50-day moving average price is $55.82 and its 200-day moving average price is $55.65. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share 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 net margin of 7.18% and a return on equity of 46.18%. Tractor Supply’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, equities analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a yield of 1.8%. Tractor Supply’s dividend payout ratio (DPR) is 44.23%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TSCO. Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 price objective on shares of Tractor Supply in a research note on Thursday, October 23rd. Citigroup increased their target price on Tractor Supply from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Piper Sandler boosted their price target on Tractor Supply from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Wolfe Research assumed coverage on Tractor Supply in a research note on Thursday, September 18th. They set an “outperform” rating and a $70.00 price objective for the company. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $65.00 target price (up previously from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.95.

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.