Tractor Supply Company $TSCO Shares Purchased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp raised its position in Tractor Supply Company (NASDAQ:TSCO) by 8.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,850 shares of the specialty retailer’s stock after purchasing an additional 1,010 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Tractor Supply were worth $678,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TSCO. GPS Wealth Strategies Group LLC lifted its holdings in Tractor Supply by 1.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 17,908 shares of the specialty retailer’s stock valued at $945,000 after acquiring an additional 175 shares during the last quarter. Commonwealth Retirement Investments LLC raised its position in Tractor Supply by 134.6% in the second quarter. Commonwealth Retirement Investments LLC now owns 51,713 shares of the specialty retailer’s stock valued at $2,729,000 after purchasing an additional 29,672 shares during the period. Optivise Advisory Services LLC lifted its stake in shares of Tractor Supply by 6.0% in the 2nd quarter. Optivise Advisory Services LLC now owns 5,750 shares of the specialty retailer’s stock valued at $303,000 after purchasing an additional 323 shares during the last quarter. Fullcircle Wealth LLC grew its holdings in shares of Tractor Supply by 10.4% during the 2nd quarter. Fullcircle Wealth LLC now owns 4,618 shares of the specialty retailer’s stock worth $244,000 after purchasing an additional 434 shares during the period. Finally, Freestone Capital Holdings LLC increased its position in shares of Tractor Supply by 5.1% during the 2nd quarter. Freestone Capital Holdings LLC now owns 65,160 shares of the specialty retailer’s stock worth $3,438,000 after purchasing an additional 3,146 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

TSCO has been the topic of a number of recent analyst reports. Robert W. Baird upped their target price on shares of Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Truist Financial upped their price objective on shares of Tractor Supply from $60.00 to $66.00 and gave the stock a “buy” 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 stock from $50.00 to $60.00 in a research report on Friday, October 24th. Piper Sandler boosted their target price on Tractor Supply from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, Mizuho upped their price target on Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $63.95.

Tractor Supply Price Performance

Shares of TSCO opened at $54.27 on Friday. The firm has a market capitalization of $28.76 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 2.93 and a beta of 0.70. The firm’s fifty day simple moving average is $56.69 and its 200-day simple moving average is $55.38. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company’s 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. Equities analysts forecast that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, November 24th. Tractor Supply’s payout ratio is presently 44.23%.

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.