Cerity Partners LLC Grows Position in Tractor Supply Company $TSCO

Cerity Partners LLC grew its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 1.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 540,264 shares of the specialty retailer’s stock after purchasing an additional 10,040 shares during the quarter. Cerity Partners LLC owned about 0.10% of Tractor Supply worth $30,725,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TSCO. Bison Wealth LLC grew its stake in Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after buying an additional 5,017 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Tractor Supply by 3.1% during the first quarter. AQR Capital Management LLC now owns 145,279 shares of the specialty retailer’s stock worth $7,947,000 after acquiring an additional 4,305 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Tractor Supply by 5.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,942 shares of the specialty retailer’s stock worth $3,357,000 after acquiring an additional 3,377 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Tractor Supply by 3.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,265,441 shares of the specialty retailer’s stock valued at $124,826,000 after purchasing an additional 70,623 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Tractor Supply by 7.4% during the 1st quarter. Empowered Funds LLC now owns 66,350 shares of the specialty retailer’s stock valued at $3,656,000 after purchasing an additional 4,582 shares during the period. Institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Tractor Supply in a report on Monday, December 29th. Jefferies Financial Group upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Mizuho upped their target price on shares of Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Finally, Citigroup increased their target price on shares of Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Fifteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.85.

Tractor Supply Price Performance

TSCO stock opened at $51.40 on Friday. The firm has a 50 day simple moving average of $52.84 and a two-hundred day simple moving average of $55.96. The stock has a market cap of $27.16 billion, a PE ratio of 24.71, a P/E/G ratio of 2.33 and a beta of 0.74. 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 data 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 for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the company posted $0.45 EPS. The business’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, analysts predict that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.92 annualized dividend and a yield of 1.8%. Tractor Supply’s payout ratio is 44.23%.

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.