Laurel Wealth Advisors LLC Raises Stake in Tractor Supply Company $TSCO

Laurel Wealth Advisors LLC grew its position in Tractor Supply Company (NASDAQ:TSCO) by 5,177.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,733 shares of the specialty retailer’s stock after purchasing an additional 116,483 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Tractor Supply were worth $6,266,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSCO. APG Asset Management N.V. lifted its stake in Tractor Supply by 33.3% in the first quarter. APG Asset Management N.V. now owns 475,484 shares of the specialty retailer’s stock valued at $24,254,000 after buying an additional 118,884 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Tractor Supply by 19.4% in the 1st quarter. Ameriprise Financial Inc. now owns 2,064,224 shares of the specialty retailer’s stock valued at $113,745,000 after acquiring an additional 335,563 shares during the period. Bahl & Gaynor Inc. raised its position in Tractor Supply by 31.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 177,636 shares of the specialty retailer’s stock valued at $9,788,000 after purchasing an additional 41,989 shares during the last quarter. Royal Bank of Canada raised its position in Tractor Supply by 2.9% in the 1st quarter. Royal Bank of Canada now owns 1,855,836 shares of the specialty retailer’s stock valued at $102,256,000 after purchasing an additional 53,035 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Tractor Supply by 6.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 130,035 shares of the specialty retailer’s stock worth $6,862,000 after purchasing an additional 7,871 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of TSCO opened at $54.63 on Thursday. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average is $55.21 and its two-hundred day moving average is $55.73. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The firm has a market capitalization of $28.87 billion, a PE ratio of 26.26, a P/E/G ratio of 2.81 and a beta of 0.70.

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

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders 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 1.7%. The ex-dividend date is Monday, November 24th. Tractor Supply’s payout ratio is presently 44.23%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Morgan Stanley upgraded shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $50.00 to $60.00 in a research note on Friday, October 24th. Citigroup raised their price target on Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Tractor Supply in a research note on Monday. Wolfe Research initiated coverage on Tractor Supply in a research note on Thursday, September 18th. They issued an “outperform” rating and a $70.00 target price on the stock. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $65.00 target price on shares of Tractor Supply in a report on Thursday, October 23rd. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.