Thoroughbred Financial Services LLC Sells 38,181 Shares of Tractor Supply Company $TSCO

Thoroughbred Financial Services LLC reduced its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 43.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,845 shares of the specialty retailer’s stock after selling 38,181 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Tractor Supply were worth $2,577,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position 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 last quarter. Wellington Management Group LLP lifted its stake 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 valued at $1,521,023,000 after acquiring an additional 3,815,520 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Tractor Supply by 10.8% during the first quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock valued at $1,359,036,000 after acquiring an additional 2,408,373 shares during the period. Geode Capital Management LLC boosted its holdings in Tractor Supply by 2.1% in the second quarter. Geode Capital Management LLC now owns 15,367,775 shares of the specialty retailer’s stock valued at $808,341,000 after acquiring an additional 316,595 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Tractor Supply by 14.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer’s stock worth $657,214,000 after purchasing an additional 1,510,489 shares during the period. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TSCO. Bank of America upgraded shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Thursday, July 24th. Loop Capital boosted their price target on shares of Tractor Supply from $48.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, July 25th. The Goldman Sachs Group restated a “buy” rating on shares of Tractor Supply in a report on Friday, July 25th. JPMorgan Chase & Co. lifted 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. Finally, Piper Sandler increased their price target on Tractor Supply from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.95.

Tractor Supply Price Performance

Shares of TSCO stock opened at $55.42 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 $56.18 and a 200-day moving average of $55.60. The firm has a market capitalization of $29.28 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.99 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 EPS. 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 Dividend Announcement

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 given 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 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.