Fiera Capital Corp Has $7.06 Million Stock Holdings in Tractor Supply Company $TSCO

Fiera Capital Corp increased its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 12.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 133,723 shares of the specialty retailer’s stock after acquiring an additional 14,368 shares during the period. Fiera Capital Corp’s holdings in Tractor Supply were worth $7,057,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. GW&K Investment Management LLC lifted its holdings in 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 last quarter. Opal Wealth Advisors LLC acquired a new stake in Tractor Supply during the 2nd quarter valued at $35,000. Zions Bancorporation National Association UT bought a new position in Tractor Supply in the 1st quarter valued at $41,000. Whittier Trust Co. grew its holdings in shares of Tractor Supply by 79.8% during 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 last quarter. Finally, Hazlett Burt & Watson Inc. raised its stake in shares of Tractor Supply by 89.6% in the second quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the specialty retailer’s stock worth $49,000 after acquiring an additional 450 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Mizuho increased their price objective on Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Truist Financial upped their price target on Tractor Supply from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Wolfe Research started coverage on Tractor Supply in a research report on Thursday, September 18th. They issued an “outperform” rating and a $70.00 price objective for the company. JPMorgan Chase & Co. boosted 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, Robert W. Baird raised their target price on shares of Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.95.

Tractor Supply Price Performance

Shares of TSCO stock opened at $56.18 on Friday. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The firm has a fifty day moving average of $56.28 and a 200-day moving average of $55.51. The firm has a market capitalization of $29.69 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.70.

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, topping the consensus estimate of $0.48 by $0.01. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, equities research analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, November 24th. Tractor Supply’s dividend payout ratio is 44.23%.

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.