Tractor Supply Company $TSCO Stake Increased by Boston Research & Management Inc.

Boston Research & Management Inc. boosted its stake in Tractor Supply Company (NASDAQ:TSCO) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 176,580 shares of the specialty retailer’s stock after purchasing an additional 1,610 shares during the quarter. Tractor Supply makes up 2.2% of Boston Research & Management Inc.’s investment portfolio, making the stock its 9th largest position. Boston Research & Management Inc.’s holdings in Tractor Supply were worth $9,318,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSCO. Opal Wealth Advisors LLC bought a new position in shares of Tractor Supply in the second quarter valued at approximately $35,000. Financial Gravity Companies Inc. purchased a new stake in Tractor Supply in the 2nd quarter worth approximately $38,000. Zions Bancorporation National Association UT purchased a new stake in Tractor Supply in the 1st quarter worth approximately $41,000. Evelyn Partners Asset Management Ltd bought a new position in Tractor Supply in the 2nd quarter valued at $46,000. Finally, Whittier Trust Co. grew its position in shares of Tractor Supply by 79.8% during the 2nd quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 399 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Citigroup lifted their price objective on Tractor Supply from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, October 24th. DA Davidson set a $70.00 price target on Tractor Supply in a report on Friday, October 24th. Mizuho boosted their price objective on Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Wolfe Research began coverage on shares of 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, Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to an “outperform” rating and lifted their target price for the company from $60.00 to $65.00 in a research report on Wednesday, November 5th. Fifteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average price target of $63.95.

Tractor Supply Stock Up 0.5%

Shares of TSCO opened at $52.92 on Friday. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14. The stock has a 50 day simple moving average of $55.52 and a two-hundred day simple moving average of $55.67. The firm has a market cap of $27.96 billion, a P/E ratio of 25.44, a P/E/G ratio of 2.73 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, topping the consensus estimate of $0.48 by $0.01. The firm 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%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently declared 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 yield of 1.7%. The ex-dividend date is Monday, November 24th. Tractor Supply’s dividend 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.