Tractor Supply Company $TSCO Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC cut its holdings in Tractor Supply Company (NASDAQ:TSCO) by 78.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,143 shares of the specialty retailer’s stock after selling 18,936 shares during the quarter. SteelPeak Wealth LLC’s holdings in Tractor Supply were worth $292,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Delos Wealth Advisors LLC purchased a new position in shares of Tractor Supply during the second quarter worth about $26,000. Opal Wealth Advisors LLC acquired a new stake in Tractor Supply during the 2nd quarter worth approximately $35,000. Financial Gravity Companies Inc. acquired a new stake in Tractor Supply during the 2nd quarter worth approximately $38,000. Clayton Financial Group LLC purchased a new position in shares of Tractor Supply in the 3rd quarter valued at approximately $44,000. Finally, Evelyn Partners Asset Management Ltd acquired a new position in shares of Tractor Supply in the second quarter valued at approximately $46,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Jefferies Financial Group raised Tractor Supply from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Wells Fargo & Company restated an “overweight” rating and issued a $65.00 target price on shares of Tractor Supply in a research note on Thursday, October 23rd. Citigroup lifted their target price 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. Wolfe Research started coverage on shares of Tractor Supply in a report on Thursday, September 18th. They set an “outperform” rating and a $70.00 price target for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Tractor Supply in a research report on Monday, December 29th. Fifteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Tractor Supply presently has an average rating of “Moderate Buy” and a consensus price target of $64.58.

Tractor Supply Trading Up 1.6%

Shares of TSCO opened at $50.83 on Monday. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $26.86 billion, a P/E ratio of 24.44, a PEG ratio of 2.37 and a beta of 0.74. The firm’s 50-day moving average is $53.22 and its two-hundred day moving average is $56.06.

Tractor Supply (NASDAQ:TSCO) last announced 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. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the company earned $0.45 EPS. The company’s quarterly 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. On average, research analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current fiscal 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 $0.23 dividend. The ex-dividend date 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 (DPR) is currently 44.23%.

Tractor Supply Company 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.