Kornitzer Capital Management Inc. KS Has $6.88 Million Position in Tractor Supply Company $TSCO

Kornitzer Capital Management Inc. KS cut its position in Tractor Supply Company (NASDAQ:TSCO) by 1.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,436 shares of the specialty retailer’s stock after selling 1,271 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Tractor Supply were worth $6,883,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TSCO. Wellington Management Group LLP boosted its stake in Tractor Supply by 16.0% in the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock valued at $1,521,023,000 after purchasing an additional 3,815,520 shares during the period. Vanguard Group Inc. boosted its stake in Tractor Supply by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock valued at $3,671,391,000 after purchasing an additional 2,597,450 shares during the period. Alliancebernstein L.P. boosted its stake in Tractor Supply by 10.8% in the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock valued at $1,359,036,000 after purchasing an additional 2,408,373 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Tractor Supply by 14.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer’s stock valued at $657,214,000 after purchasing an additional 1,510,489 shares during the period. Finally, Select Equity Group L.P. boosted its stake in Tractor Supply by 16.8% in the 1st quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer’s stock valued at $493,696,000 after purchasing an additional 1,290,771 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TSCO shares. Morgan Stanley upgraded Tractor Supply from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $50.00 to $60.00 in a research note on Friday. UBS Group lifted their price objective on Tractor Supply from $54.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Mizuho lifted their price objective on Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a report on Friday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Tractor Supply in a report on Thursday. Finally, Truist Financial lifted their price objective on Tractor Supply from $60.00 to $66.00 and gave the company a “buy” rating in a report on Friday, July 25th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.60.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $56.28 on Friday. The stock’s 50-day simple moving average is $58.21 and its 200 day simple moving average is $55.12. The firm has a market capitalization of $29.83 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 2.90 and a beta of 0.73. The company has a quick ratio of 0.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last released 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. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.Tractor Supply’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 annualized dividend and a yield of 1.6%. Tractor Supply’s dividend payout ratio (DPR) is 44.23%.

Insiders Place Their Bets

In related news, EVP Colin Yankee sold 6,680 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $58.40, for a total value of $390,112.00. Following the sale, the executive vice president directly owned 40,142 shares of the company’s stock, valued at $2,344,292.80. This trade represents a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.65% of the stock is owned by company insiders.

Tractor Supply Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.