Choreo LLC Has $1.41 Million Position in Tractor Supply Company $TSCO

Choreo LLC lessened its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 21.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 26,779 shares of the specialty retailer’s stock after selling 7,434 shares during the quarter. Choreo LLC’s holdings in Tractor Supply were worth $1,413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Tractor Supply by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 67,679,109 shares of the specialty retailer’s stock valued at $3,571,427,000 after acquiring an additional 1,047,687 shares during the period. Wellington Management Group LLP grew its position in shares of Tractor Supply by 16.0% in the first quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock valued at $1,521,023,000 after purchasing an additional 3,815,520 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Tractor Supply by 10.8% in 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. Geode Capital Management LLC increased its stake in shares of Tractor Supply by 2.1% during the second quarter. Geode Capital Management LLC now owns 15,367,775 shares of the specialty retailer’s stock worth $808,341,000 after purchasing an additional 316,595 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Tractor Supply by 14.5% during the 1st 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 last quarter. Institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Evercore ISI raised Tractor Supply from a “hold” rating to an “outperform” rating and upped their price objective for the company from $60.00 to $65.00 in a report on Wednesday, November 5th. Wells Fargo & Company reissued an “overweight” rating and issued a $65.00 target price on shares of Tractor Supply in a research report on Thursday, October 23rd. 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 price target on the stock. Jefferies Financial Group upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Finally, Mizuho boosted their price objective on shares of Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Tractor Supply has an average rating of “Moderate Buy” and a consensus price target of $63.95.

Tractor Supply Trading Up 0.3%

TSCO opened at $54.78 on Friday. The stock has a market capitalization of $28.95 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 2.82 and a beta of 0.70. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The company has a 50-day simple moving average of $55.01 and a 200 day simple moving average of $55.76.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the firm earned $0.45 EPS. The business’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. Analysts predict that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently disclosed 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 payout ratio is currently 44.23%.

Tractor Supply 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.