Security Financial Services INC. Acquires 1,483 Shares of Tractor Supply Company $TSCO

Security Financial Services INC. lifted its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 25.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,426 shares of the specialty retailer’s stock after acquiring an additional 1,483 shares during the quarter. Security Financial Services INC.’s holdings in Tractor Supply were worth $392,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSCO. Bison Wealth LLC raised its position in shares of Tractor Supply by 356.1% during the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after purchasing an additional 5,017 shares during the period. Wealthfront Advisers LLC increased its stake in Tractor Supply by 6.7% in the 1st quarter. Wealthfront Advisers LLC now owns 86,109 shares of the specialty retailer’s stock worth $4,745,000 after buying an additional 5,375 shares in the last quarter. Larson Financial Group LLC raised its holdings in Tractor Supply by 36.5% during the first quarter. Larson Financial Group LLC now owns 2,017 shares of the specialty retailer’s stock valued at $111,000 after acquiring an additional 539 shares during the period. Graypoint LLC purchased a new position in shares of Tractor Supply in the first quarter valued at about $292,000. Finally, Kingsview Wealth Management LLC boosted its stake in shares of Tractor Supply by 0.9% in the first quarter. Kingsview Wealth Management LLC now owns 41,747 shares of the specialty retailer’s stock worth $2,300,000 after acquiring an additional 369 shares during the period. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Morgan Stanley raised Tractor Supply from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $50.00 to $60.00 in a research note on Friday, October 24th. Wells Fargo & Company reiterated an “overweight” rating and set a $65.00 price objective on shares of Tractor Supply in a research report on Thursday, October 23rd. JPMorgan Chase & Co. boosted their target price 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. Loop Capital lifted their price target on shares of Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a report on Friday, July 25th. Finally, Evercore ISI raised shares of Tractor Supply from a “hold” rating to an “outperform” rating and increased their price objective for the company from $60.00 to $65.00 in a report on Wednesday, November 5th. Fifteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Tractor Supply has an average rating of “Moderate Buy” and an average target price of $63.95.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $55.42 on Friday. The firm has a 50 day moving average of $56.18 and a 200 day moving average of $55.56. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $29.28 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 3.03 and a beta of 0.70. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the firm earned $0.45 EPS. The business’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, sell-side analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be issued a $0.23 dividend. The ex-dividend date is Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. Tractor Supply’s payout ratio is currently 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.