Tractor Supply Company $TSCO Shares Bought by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC grew its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 5.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,160 shares of the specialty retailer’s stock after acquiring an additional 3,146 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Tractor Supply were worth $3,438,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of TSCO. GW&K Investment Management LLC boosted its holdings in shares of Tractor Supply by 89.3% during the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 226 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Tractor Supply during the second quarter valued at $35,000. Financial Gravity Asset Management Inc. acquired a new stake in Tractor Supply in the first quarter worth about $39,000. Zions Bancorporation National Association UT acquired a new stake in Tractor Supply in the first quarter worth about $41,000. Finally, Whittier Trust Co. lifted its holdings in Tractor Supply by 79.8% in the second quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 399 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $52.49 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average price is $57.38 and its two-hundred day moving average price is $55.32. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99. The stock has a market cap of $27.82 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 2.92 and a beta of 0.73.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly 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. 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 period in the previous year, the business earned $0.45 earnings per share. Tractor Supply’s revenue for the quarter was up 7.2% compared to the same quarter last year. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, sell-side analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently disclosed 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 payout ratio is presently 44.23%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TSCO shares. Mizuho upped their price objective 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. Raymond James Financial reaffirmed an “outperform” rating and issued a $65.00 price objective (up previously from $57.00) on shares of Tractor Supply in a report on Friday, July 25th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Tractor Supply in a report on Friday, July 25th. Wall Street Zen raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Tractor Supply from $56.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Tractor Supply has an average rating of “Moderate Buy” and a consensus target price of $63.68.

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.