Freestone Capital Holdings LLC Has $3.44 Million Stake in Tractor Supply Company $TSCO

Freestone Capital Holdings LLC grew its holdings in Tractor Supply Company (NASDAQ:TSCO) by 5.1% during the second quarter, Holdings Channel.com reports. The firm owned 65,160 shares of the specialty retailer’s stock after buying an additional 3,146 shares during the period. Freestone Capital Holdings LLC’s holdings in Tractor Supply were worth $3,438,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TSCO. Bison Wealth LLC increased its holdings in shares of Tractor Supply by 356.1% in 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. Allspring Global Investments Holdings LLC increased its holdings in shares of Tractor Supply by 7.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 70,944 shares of the specialty retailer’s stock valued at $3,911,000 after purchasing an additional 5,184 shares during the period. DAVENPORT & Co LLC increased its holdings in shares of Tractor Supply by 11.5% in the 1st quarter. DAVENPORT & Co LLC now owns 17,870 shares of the specialty retailer’s stock valued at $985,000 after purchasing an additional 1,836 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Tractor Supply by 182.9% in the 1st quarter. Teacher Retirement System of Texas now owns 97,625 shares of the specialty retailer’s stock valued at $5,379,000 after purchasing an additional 63,115 shares during the period. Finally, OneDigital Investment Advisors LLC increased its holdings in shares of Tractor Supply by 24.6% in the 1st quarter. OneDigital Investment Advisors LLC now owns 5,186 shares of the specialty retailer’s stock valued at $286,000 after purchasing an additional 1,024 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Down 3.0%

Shares of Tractor Supply stock opened at $52.49 on Tuesday. The stock has a market capitalization of $27.82 billion, a P/E ratio of 25.24, a PEG ratio of 2.92 and a beta of 0.73. 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 stock has a 50 day moving average price of $57.38 and a two-hundred day moving average price of $55.32. Tractor Supply Company has a 12-month low of $46.85 and a 12-month 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, topping analysts’ consensus estimates of $0.48 by $0.01. The firm 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%.The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Equities analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a yield of 1.8%. Tractor Supply’s dividend payout ratio is presently 44.23%.

Analysts Set New Price Targets

Several equities research analysts recently commented on TSCO shares. Piper Sandler boosted 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. Evercore ISI lowered their price target on Tractor Supply from $65.00 to $60.00 and set an “in-line” rating for the company in a research note on Tuesday, October 7th. Mizuho boosted their price target on Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Tractor Supply in a research note on Wednesday, October 8th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $65.00 price target (up previously from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.68.

Tractor Supply Company 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.