Natixis Acquires New Stake in Tractor Supply Company $TSCO

Natixis bought a new stake in Tractor Supply Company (NASDAQ:TSCO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 130,020 shares of the specialty retailer’s stock, valued at approximately $6,861,000.

Other large investors have also made changes to their positions in the company. Bison Wealth LLC boosted its holdings in shares of Tractor Supply by 356.1% in the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after buying an additional 5,017 shares during the last quarter. Citigroup Inc. increased its holdings in Tractor Supply by 21.4% during the first quarter. Citigroup Inc. now owns 619,770 shares of the specialty retailer’s stock valued at $34,149,000 after buying an additional 109,303 shares during the last quarter. National Bank of Canada FI raised its position in Tractor Supply by 36.4% in the first quarter. National Bank of Canada FI now owns 237,931 shares of the specialty retailer’s stock worth $13,110,000 after acquiring an additional 63,552 shares during the period. Zions Bancorporation National Association UT bought a new position in Tractor Supply in the first quarter worth approximately $41,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Tractor Supply during the 1st quarter worth $7,677,000. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $52.35 on Wednesday. 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 business’s 50-day simple moving average is $54.50 and its two-hundred day simple moving average is $55.91. The stock has a market cap of $27.66 billion, a PE ratio of 25.17, a P/E/G ratio of 2.75 and a beta of 0.72. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share 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 analyst estimates of $3.72 billion. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, analysts forecast that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

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

Analyst Upgrades and Downgrades

TSCO has been the subject of several analyst reports. Wolfe Research assumed coverage on Tractor Supply in a research note on Thursday, September 18th. They issued an “outperform” rating and a $70.00 price objective for the company. DA Davidson set a $70.00 price target on Tractor Supply in a report on Friday, October 24th. Evercore ISI upgraded Tractor Supply from a “hold” rating to an “outperform” rating and upped their price target for the stock from $60.00 to $65.00 in a research report on Wednesday, November 5th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $65.00 price objective on shares of Tractor Supply in a research note on Thursday, October 23rd. Finally, Morgan Stanley raised Tractor Supply from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $50.00 to $60.00 in a research report on Friday, October 24th. Fifteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.95.

About Tractor Supply

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.