Summit Wealth & Retirement Planning Inc. Acquires New Shares in Tractor Supply Company $TSCO

Summit Wealth & Retirement Planning Inc. bought a new position in shares of Tractor Supply Company (NASDAQ:TSCO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,300 shares of the specialty retailer’s stock, valued at approximately $332,000.

Other large investors have also recently made changes to their positions in the company. GW&K Investment Management LLC raised its stake in shares of Tractor Supply by 89.3% during the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 226 shares during the period. Opal Wealth Advisors LLC purchased a new position in Tractor Supply during the 2nd quarter valued at about $35,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Tractor Supply during the first quarter valued at about $39,000. Zions Bancorporation National Association UT purchased a new stake in shares of Tractor Supply in the first quarter worth about $41,000. Finally, Whittier Trust Co. lifted its holdings in shares of 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 buying an additional 399 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $54.27 on Friday. 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 Company has a one year low of $46.85 and a one year high of $63.99. The business’s 50 day simple moving average is $56.69 and its two-hundred day simple moving average is $55.35. The stock has a market capitalization of $28.76 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 2.86 and a beta of 0.70.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (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 quarter last year, the business earned $0.45 earnings per share. The business’s 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. Analysts forecast that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, November 24th. Tractor Supply’s dividend payout ratio is 44.23%.

Analyst Ratings Changes

Several brokerages recently commented on TSCO. UBS Group boosted their price objective on shares of Tractor Supply from $54.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their price target on shares of Tractor Supply from $56.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Bank of America raised shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Thursday, July 24th. Wolfe Research assumed coverage on Tractor Supply in a research report on Thursday, September 18th. They issued an “outperform” rating and a $70.00 price objective on the stock. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $70.00 price objective on shares of Tractor Supply in a research note on Thursday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.95.

Tractor Supply Company 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.