Tractor Supply Company $TSCO Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC lowered its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 25.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,939 shares of the specialty retailer’s stock after selling 15,024 shares during the period. CWA Asset Management Group LLC’s holdings in Tractor Supply were worth $2,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TSCO. Vanguard Group Inc. increased its stake in shares of Tractor Supply by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 67,679,109 shares of the specialty retailer’s stock worth $3,571,427,000 after purchasing an additional 1,047,687 shares in the last quarter. State Street Corp grew its holdings in Tractor Supply by 0.7% during the 2nd quarter. State Street Corp now owns 23,002,120 shares of the specialty retailer’s stock valued at $1,213,822,000 after buying an additional 150,392 shares during the last quarter. Geode Capital Management LLC increased its position in 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 buying an additional 316,595 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Tractor Supply by 123.4% in the second quarter. Invesco Ltd. now owns 15,079,313 shares of the specialty retailer’s stock worth $795,735,000 after acquiring an additional 8,329,462 shares during the last quarter. Finally, Select Equity Group L.P. lifted its position in shares of Tractor Supply by 41.9% in the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after acquiring an additional 3,753,414 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $49.83 on Tuesday. The business’s 50-day simple moving average is $53.09 and its 200 day simple moving average is $56.05. The company has a market cap of $26.33 billion, a P/E ratio of 23.96, a PEG ratio of 2.37 and a beta of 0.74. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99.

Tractor Supply (NASDAQ:TSCO) last announced its 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 return on equity of 46.18% and a net margin of 7.18%.The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the firm earned $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. On average, sell-side analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TSCO. Jefferies Financial Group raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Evercore ISI raised shares of Tractor Supply from a “hold” rating to an “outperform” rating and boosted their price objective for the company from $60.00 to $65.00 in a research report on Wednesday, November 5th. Citigroup upped 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. Robert W. Baird lifted their target price on shares of Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Tractor Supply in a report on Monday, December 29th. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.