Tractor Supply Company $TSCO Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in Tractor Supply Company (NASDAQ:TSCO) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,315,788 shares of the specialty retailer’s stock after acquiring an additional 18,401 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Tractor Supply were worth $174,974,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in TSCO. GPS Wealth Strategies Group LLC lifted its stake in Tractor Supply by 1.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 17,908 shares of the specialty retailer’s stock valued at $945,000 after purchasing an additional 175 shares during the last quarter. Bennett Selby Investments LP boosted its position in shares of Tractor Supply by 1.3% in the 2nd quarter. Bennett Selby Investments LP now owns 14,932 shares of the specialty retailer’s stock valued at $788,000 after purchasing an additional 191 shares during the period. Hancock Whitney Corp increased its stake in Tractor Supply by 2.0% in the 1st quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer’s stock worth $543,000 after purchasing an additional 194 shares in the last quarter. Mount Vernon Associates Inc. MD raised its holdings in Tractor Supply by 0.3% during the 2nd quarter. Mount Vernon Associates Inc. MD now owns 67,570 shares of the specialty retailer’s stock worth $3,566,000 after buying an additional 200 shares during the period. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in Tractor Supply by 0.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 66,483 shares of the specialty retailer’s stock valued at $3,663,000 after buying an additional 208 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TSCO. Morgan Stanley raised shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $50.00 to $60.00 in a research report on Friday, October 24th. Wolfe Research started coverage on shares of Tractor Supply in a research report on Thursday, September 18th. They set an “outperform” rating and a $70.00 price objective on the stock. Robert W. Baird increased their target price on Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Citigroup raised their target price on Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, Mizuho upped their price target on Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Sixteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.95.

Tractor Supply Trading Up 0.4%

Tractor Supply stock opened at $54.63 on Thursday. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. 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 stock has a market cap of $28.87 billion, a P/E ratio of 26.26, a P/E/G ratio of 2.81 and a beta of 0.70. The company’s fifty day simple moving average is $55.21 and its 200-day simple moving average is $55.73.

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, topping 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 analyst estimates of $3.72 billion. During the same period last year, the company earned $0.45 earnings per share. Tractor Supply’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. As a group, sell-side analysts forecast that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be issued 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 currently 44.23%.

About Tractor Supply

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.