Southeast Asset Advisors LLC Boosts Position in Tractor Supply Company $TSCO

Southeast Asset Advisors LLC grew its stake in Tractor Supply Company (NASDAQ:TSCO) by 48.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,715 shares of the specialty retailer’s stock after buying an additional 23,538 shares during the period. Southeast Asset Advisors LLC’s holdings in Tractor Supply were worth $3,784,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in TSCO. Opal Wealth Advisors LLC purchased a new stake in Tractor Supply in the 2nd quarter valued at $35,000. Financial Gravity Companies Inc. purchased a new position in shares of Tractor Supply in the 2nd quarter valued at about $38,000. Zions Bancorporation National Association UT acquired a new stake in shares of Tractor Supply in the 1st quarter worth approximately $41,000. Evelyn Partners Asset Management Ltd acquired a new stake in Tractor Supply in the second quarter valued at $46,000. Finally, Whittier Trust Co. grew its stake in Tractor Supply by 79.8% in the 2nd quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 399 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Telsey Advisory Group restated an “outperform” rating and issued a $70.00 price objective on shares of Tractor Supply in a research report on Thursday, October 23rd. DA Davidson set a $70.00 target price on Tractor Supply in a research note on Friday, October 24th. Jefferies Financial Group upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a report on Monday. Citigroup lifted their price target on shares of Tractor Supply from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, October 24th. Finally, Mizuho upped their price objective on Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Tractor Supply currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.95.

Tractor Supply Price Performance

TSCO stock opened at $53.03 on Tuesday. The stock’s 50 day moving average is $55.39 and its two-hundred day moving average is $55.72. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99. The company has a market capitalization of $28.02 billion, a PE ratio of 25.50, a P/E/G ratio of 2.73 and a beta of 0.70. 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 (NASDAQ:TSCO) last issued its quarterly 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 analyst estimates of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be paid a dividend of $0.23 per share. The ex-dividend date is Monday, November 24th. This represents a $0.92 annualized dividend and a yield of 1.7%. Tractor Supply’s dividend payout ratio (DPR) 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.