Envestnet Asset Management Inc. Trims Stake in Tractor Supply Company $TSCO

Envestnet Asset Management Inc. lowered its holdings in Tractor Supply Company (NASDAQ:TSCO) by 1.7% during the second quarter, Holdings Channel.com reports. The firm owned 4,569,678 shares of the specialty retailer’s stock after selling 78,095 shares during the period. Envestnet Asset Management Inc.’s holdings in Tractor Supply were worth $241,142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bennett Selby Investments LP raised its position in Tractor Supply by 1.3% in the second quarter. Bennett Selby Investments LP now owns 14,932 shares of the specialty retailer’s stock valued at $788,000 after purchasing an additional 191 shares during the period. Hancock Whitney Corp raised its position in Tractor Supply by 2.0% in the first quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer’s stock valued at $543,000 after purchasing an additional 194 shares during the period. Mount Vernon Associates Inc. MD raised its position in Tractor Supply by 0.3% in the second quarter. Mount Vernon Associates Inc. MD now owns 67,570 shares of the specialty retailer’s stock valued at $3,566,000 after purchasing an additional 200 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in shares of Tractor Supply by 0.3% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 66,483 shares of the specialty retailer’s stock valued at $3,663,000 after buying an additional 208 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of Tractor Supply by 30.1% in the first quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of research reports. Evercore ISI dropped their price objective on Tractor Supply from $65.00 to $60.00 and set an “in-line” rating for the company in a research note on Tuesday, October 7th. UBS Group lifted their price objective on Tractor Supply from $54.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $65.00 price objective on shares of Tractor Supply in a research note on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Tractor Supply in a research note on Friday, July 25th. Finally, Wall Street Zen raised Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.68.

Tractor Supply Trading Up 0.2%

TSCO opened at $56.37 on Tuesday. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The stock has a market capitalization of $29.87 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.89 and a beta of 0.73. 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 moving average price of $58.11 and a 200 day moving average price of $55.18.

Tractor Supply (NASDAQ:TSCO) last released its 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. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Sell-side analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, August 25th. Tractor Supply’s payout ratio is 44.23%.

About Tractor Supply

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.