CapWealth Advisors LLC Sells 10,081 Shares of Tractor Supply Company $TSCO

CapWealth Advisors LLC trimmed its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161,006 shares of the specialty retailer’s stock after selling 10,081 shares during the quarter. CapWealth Advisors LLC’s holdings in Tractor Supply were worth $9,156,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Bison Wealth LLC raised its position in Tractor Supply by 356.1% during the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after purchasing an additional 5,017 shares during the period. Royal Bank of Canada increased its position in shares of Tractor Supply by 2.9% during the 1st quarter. Royal Bank of Canada now owns 1,855,836 shares of the specialty retailer’s stock valued at $102,256,000 after purchasing an additional 53,035 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Tractor Supply during the 1st quarter valued at $3,775,000. Federation des caisses Desjardins du Quebec lifted its position in Tractor Supply by 5.1% in the first quarter. Federation des caisses Desjardins du Quebec now owns 46,390 shares of the specialty retailer’s stock worth $2,557,000 after buying an additional 2,261 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in Tractor Supply by 44.0% during the first quarter. Adage Capital Partners GP L.L.C. now owns 535,000 shares of the specialty retailer’s stock worth $29,478,000 after buying an additional 163,400 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of TSCO stock opened at $50.01 on Friday. The company has a market capitalization of $26.43 billion, a P/E ratio of 24.04, a P/E/G ratio of 2.58 and a beta of 0.74. The company’s 50-day simple moving average is $53.32 and its two-hundred day simple moving average is $56.01. Tractor Supply Company has a one year low of $46.85 and a one 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.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly 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. 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 during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, equities analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.8%. Tractor Supply’s dividend payout ratio is presently 44.23%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Tractor Supply in a research note on Monday. Citigroup upped their price target on shares of Tractor Supply from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, October 24th. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 price objective on shares of Tractor Supply in a research report on Thursday, October 23rd. Mizuho boosted their target price on Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Finally, Wolfe Research initiated coverage on Tractor Supply in a research note on Thursday, September 18th. They set an “outperform” rating and a $70.00 target price on the stock. Fifteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $64.58.

Tractor Supply Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.