Litman Gregory Wealth Management LLC Sells 32,921 Shares of Tractor Supply Company $TSCO

Litman Gregory Wealth Management LLC cut its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 13.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 203,822 shares of the specialty retailer’s stock after selling 32,921 shares during the period. Litman Gregory Wealth Management LLC’s holdings in Tractor Supply were worth $11,591,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Buckhead Capital Management LLC raised its holdings in Tractor Supply by 310.3% in the third quarter. Buckhead Capital Management LLC now owns 36,863 shares of the specialty retailer’s stock worth $2,096,000 after purchasing an additional 27,878 shares in the last quarter. Royal Bank of Canada grew its position in shares of Tractor Supply by 2.9% in the 1st quarter. Royal Bank of Canada now owns 1,855,836 shares of the specialty retailer’s stock worth $102,256,000 after buying an additional 53,035 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Tractor Supply by 6.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 130,035 shares of the specialty retailer’s stock worth $6,862,000 after acquiring an additional 7,871 shares in the last quarter. Bison Wealth LLC raised its stake 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 worth $341,000 after acquiring an additional 5,017 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in Tractor Supply by 6.6% in the second quarter. Stratos Wealth Partners LTD. now owns 99,433 shares of the specialty retailer’s stock valued at $5,247,000 after acquiring an additional 6,143 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wolfe Research began coverage on Tractor Supply in a research report on Thursday, September 18th. They set an “outperform” rating and a $70.00 price target on the stock. Morgan Stanley raised Tractor Supply from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $50.00 to $60.00 in a research report on Friday, October 24th. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 price target on shares of Tractor Supply in a report on Thursday, October 23rd. Robert W. Baird boosted their price target on Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Finally, Jefferies Financial Group raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Fifteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Tractor Supply has an average rating of “Moderate Buy” and an average price target of $63.95.

Tractor Supply Stock Up 0.9%

Shares of TSCO stock opened at $51.55 on Friday. The stock’s 50-day simple moving average is $53.80 and its 200-day simple moving average is $56.03. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30. The firm has a market capitalization of $27.24 billion, a PE ratio of 24.78, a P/E/G ratio of 2.66 and a beta of 0.72. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’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. Equities analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, November 24th. Tractor Supply’s dividend payout ratio is 44.23%.

About Tractor Supply

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.