AXQ Capital LP Takes Position in Tractor Supply Company $TSCO

AXQ Capital LP purchased a new position in shares of Tractor Supply Company (NASDAQ:TSCO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,548 shares of the specialty retailer’s stock, valued at approximately $293,000.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in Tractor Supply by 16.0% during the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock worth $1,521,023,000 after buying an additional 3,815,520 shares during the period. Vanguard Group Inc. raised its stake in shares of Tractor Supply by 4.1% during 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 acquiring an additional 2,597,450 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Tractor Supply by 10.8% during the first quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock worth $1,359,036,000 after purchasing an additional 2,408,373 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 worth $657,214,000 after purchasing an additional 1,510,489 shares during the period. Finally, Select Equity Group L.P. grew its stake in shares of Tractor Supply by 16.8% in the first quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer’s stock worth $493,696,000 after purchasing an additional 1,290,771 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 0.2%

Shares of NASDAQ TSCO opened at $53.03 on Tuesday. 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 firm has a market cap of $28.02 billion, a PE ratio of 25.50, a P/E/G ratio of 2.73 and a beta of 0.70. The company’s fifty day simple moving average is $55.39 and its 200 day simple moving average is $55.72. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data 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 firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. 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 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently issued reports on TSCO shares. 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. Jefferies Financial Group raised Tractor Supply from a “hold” rating to a “buy” rating in a research note on Monday. Evercore ISI upgraded Tractor Supply from a “hold” rating to an “outperform” rating and raised their price objective for the stock from $60.00 to $65.00 in a research report on Wednesday, November 5th. DA Davidson set a $70.00 target price on Tractor Supply in a report on Friday, October 24th. Finally, 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 target price for the company. Sixteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to 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.