Bank Julius Baer & Co. Ltd Zurich Lowers Position in Tractor Supply Company $TSCO

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 16.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,086 shares of the specialty retailer’s stock after selling 23,720 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Tractor Supply were worth $6,547,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TSCO. Wellington Management Group LLP grew its holdings in shares of Tractor Supply by 16.0% during the first quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock worth $1,521,023,000 after purchasing an additional 3,815,520 shares in the last quarter. Vanguard Group Inc. raised its stake in 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 purchasing an additional 2,597,450 shares in the last quarter. Alliancebernstein L.P. lifted its position in Tractor Supply by 10.8% during the first quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock valued at $1,359,036,000 after purchasing an additional 2,408,373 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Tractor Supply by 14.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer’s stock valued at $657,214,000 after purchasing an additional 1,510,489 shares during the last quarter. Finally, Select Equity Group L.P. grew 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 worth $493,696,000 after buying an additional 1,290,771 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSCO. Wall Street Zen upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Mizuho increased their target price on Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. The Goldman Sachs Group restated a “buy” rating on shares of Tractor Supply in a research report on Friday, July 25th. UBS Group lifted their price target on Tractor Supply from $54.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 price objective on shares of Tractor Supply in a research report on Thursday, October 23rd. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.95.

Tractor Supply Stock Up 0.5%

TSCO opened at $52.92 on Friday. Tractor Supply Company has a 12 month low of $46.85 and a 12 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. The business’s 50-day moving average price is $55.52 and its 200-day moving average price is $55.64. The company has a market cap of $27.96 billion, a P/E ratio of 25.44, a P/E/G ratio of 2.71 and a beta of 0.70.

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

Tractor Supply Dividend Announcement

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. This represents a $0.92 annualized dividend 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.