Skandinaviska Enskilda Banken AB publ Acquires 20,000 Shares of Tractor Supply Company $TSCO

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 22.0% in the second quarter, Holdings Channel.com reports. The fund owned 111,102 shares of the specialty retailer’s stock after buying an additional 20,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Tractor Supply were worth $5,860,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bison Wealth LLC lifted its position in shares of Tractor Supply by 356.1% during the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 5,017 shares during the last quarter. Assetmark Inc. boosted its position in Tractor Supply by 21.2% in the 1st quarter. Assetmark Inc. now owns 1,331 shares of the specialty retailer’s stock valued at $73,000 after buying an additional 233 shares during the period. XTX Topco Ltd bought a new position in Tractor Supply in the 1st quarter worth about $418,000. Arkadios Wealth Advisors grew its stake in Tractor Supply by 79.3% in the 1st quarter. Arkadios Wealth Advisors now owns 9,830 shares of the specialty retailer’s stock worth $542,000 after acquiring an additional 4,348 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in shares of Tractor Supply by 6.2% during the first quarter. Harbour Investments Inc. now owns 5,061 shares of the specialty retailer’s stock worth $279,000 after acquiring an additional 295 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSCO. Weiss Ratings reiterated a “buy (b-)” rating on shares of Tractor Supply in a report on Monday, November 24th. Wolfe Research began coverage on Tractor Supply in a research report on Thursday, September 18th. They set an “outperform” rating and a $70.00 target price for the company. Morgan Stanley raised Tractor Supply from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $50.00 to $60.00 in a research report on Friday, October 24th. Wells Fargo & Company restated an “overweight” rating and issued a $65.00 price objective on shares of Tractor Supply in a report on Thursday, October 23rd. Finally, Citigroup upped their price objective on shares of Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.95.

Tractor Supply Stock Up 0.3%

Shares of Tractor Supply stock opened at $54.78 on Monday. 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 cap of $28.95 billion, a P/E ratio of 26.34, a PEG ratio of 2.82 and a beta of 0.70. The firm’s 50 day moving average price is $55.01 and its 200-day moving average price is $55.79. 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 for the quarter, beating 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 company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the firm earned $0.45 earnings per share. Tractor Supply’s revenue was up 7.2% compared to the same quarter last year. 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 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm 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 $0.23 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.7%. Tractor Supply’s dividend payout ratio (DPR) is presently 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.