Mission Wealth Management LP Boosts Stock Position in Tractor Supply Company $TSCO

Mission Wealth Management LP raised its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 10.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,225 shares of the specialty retailer’s stock after acquiring an additional 1,631 shares during the period. Mission Wealth Management LP’s holdings in Tractor Supply were worth $909,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP lifted its holdings in shares of Tractor Supply by 16.0% during the first quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock worth $1,521,023,000 after purchasing an additional 3,815,520 shares during the period. Vanguard Group Inc. increased 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 buying an additional 2,597,450 shares during the period. Alliancebernstein L.P. increased 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 buying an additional 2,408,373 shares during the period. Price T Rowe Associates Inc. MD increased 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 buying an additional 1,510,489 shares during the period. Finally, Select Equity Group L.P. increased 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 buying an additional 1,290,771 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Tractor Supply in a research note on Friday, July 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Tractor Supply in a research report on Wednesday, October 8th. Morgan Stanley upgraded Tractor Supply from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $50.00 to $60.00 in a research report on Friday, October 24th. JPMorgan Chase & Co. upped their price objective on Tractor Supply from $56.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Tractor Supply in a report on Thursday, October 23rd. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.68.

Tractor Supply Stock Performance

TSCO opened at $52.49 on Tuesday. 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 stock has a market cap of $27.82 billion, a P/E ratio of 25.24, a P/E/G ratio of 2.92 and a beta of 0.73. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99. The stock’s 50 day simple moving average is $57.38 and its 200 day simple moving average is $55.32.

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, beating the consensus estimate of $0.48 by $0.01. The company 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 quarter in the prior year, the company earned $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, equities analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, August 25th. Tractor Supply’s dividend payout ratio (DPR) 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.