Benjamin Edwards Inc. Sells 11,945 Shares of Tractor Supply Company $TSCO

Benjamin Edwards Inc. decreased its position in Tractor Supply Company (NASDAQ:TSCO) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,025,318 shares of the specialty retailer’s stock after selling 11,945 shares during the period. Benjamin Edwards Inc. owned approximately 0.19% of Tractor Supply worth $58,310,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TSCO. Vanguard Group Inc. grew its stake in Tractor Supply by 1.6% in the second 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. State Street Corp lifted its holdings in shares of 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 purchasing an additional 150,392 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Tractor Supply by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 15,367,775 shares of the specialty retailer’s stock valued at $808,341,000 after purchasing an additional 316,595 shares during the period. Invesco Ltd. increased its stake in Tractor Supply by 123.4% during the 2nd quarter. Invesco Ltd. now owns 15,079,313 shares of the specialty retailer’s stock worth $795,735,000 after purchasing an additional 8,329,462 shares in the last quarter. Finally, Select Equity Group L.P. raised its holdings in Tractor Supply by 41.9% during the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock worth $670,887,000 after buying an additional 3,753,414 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Performance

TSCO opened at $49.89 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14. The business has a fifty day simple moving average of $52.89 and a 200 day simple moving average of $55.99. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The company has a market capitalization of $26.36 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 2.35 and a beta of 0.74.

Tractor Supply (NASDAQ:TSCO) last posted 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 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 quarter 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. Research analysts expect that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on TSCO shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 price target on shares of Tractor Supply in a report on Thursday, October 23rd. Evercore ISI upgraded Tractor Supply from a “hold” rating to an “outperform” rating and increased their target price for the stock from $60.00 to $65.00 in a report on Wednesday, November 5th. Robert W. Baird lifted their price target on Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Morgan Stanley raised Tractor Supply from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $50.00 to $60.00 in a research report on Friday, October 24th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $65.00 price objective on shares of Tractor Supply in a report on Thursday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.