Buckhead Capital Management LLC Increases Stock Position in Tractor Supply Company $TSCO

Buckhead Capital Management LLC increased its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 310.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,863 shares of the specialty retailer’s stock after buying an additional 27,878 shares during the period. Buckhead Capital Management LLC’s holdings in Tractor Supply were worth $2,096,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC grew its stake in shares of Tractor Supply by 7.6% during the third quarter. Fiduciary Alliance LLC now owns 12,559 shares of the specialty retailer’s stock valued at $714,000 after acquiring an additional 890 shares in the last quarter. Czech National Bank lifted its stake in shares of Tractor Supply by 3.9% in the third quarter. Czech National Bank now owns 134,597 shares of the specialty retailer’s stock worth $7,655,000 after acquiring an additional 4,997 shares in the last quarter. Balefire LLC purchased a new position in Tractor Supply in the third quarter valued at about $218,000. Acropolis Investment Management LLC boosted its holdings in Tractor Supply by 9.1% in the third quarter. Acropolis Investment Management LLC now owns 6,546 shares of the specialty retailer’s stock valued at $345,000 after purchasing an additional 545 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Tractor Supply by 1,303.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 431,438 shares of the specialty retailer’s stock valued at $24,536,000 after purchasing an additional 400,706 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TSCO shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Tractor Supply in a research report on Thursday, October 23rd. Wolfe Research assumed 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 for the company. Citigroup increased their price objective on shares of Tractor Supply from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Evercore ISI raised shares of 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 report on Wednesday, November 5th. Finally, Jefferies Financial Group raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Fifteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.95.

Tractor Supply Stock Performance

Shares of TSCO opened at $52.33 on Friday. The stock has a market capitalization of $27.65 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 2.76 and a beta of 0.72. The business’s fifty day moving average price is $54.17 and its 200 day moving average price is $55.97. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99.

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, 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 company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the company earned $0.45 earnings per share. The firm’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 research analysts forecast that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a yield of 1.8%. Tractor Supply’s dividend payout ratio (DPR) 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.