Klein Pavlis & Peasley Financial Inc. Invests $1.47 Million in Tractor Supply Company $TSCO

Klein Pavlis & Peasley Financial Inc. purchased a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 25,775 shares of the specialty retailer’s stock, valued at approximately $1,466,000.

Several other large investors have also made changes to their positions in TSCO. Invesco Ltd. raised its position in Tractor Supply by 123.4% during the second quarter. Invesco Ltd. now owns 15,079,313 shares of the specialty retailer’s stock valued at $795,735,000 after acquiring an additional 8,329,462 shares in the last quarter. Norges Bank bought a new position in shares of Tractor Supply during the 2nd quarter valued at $274,959,000. Select Equity Group L.P. lifted its stake in shares of Tractor Supply by 41.9% in the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after purchasing an additional 3,753,414 shares during the last quarter. AXA S.A. boosted its holdings in Tractor Supply by 418.2% in the second quarter. AXA S.A. now owns 2,459,895 shares of the specialty retailer’s stock worth $129,809,000 after purchasing an additional 1,985,168 shares in the last quarter. Finally, Soundwatch Capital LLC acquired a new position in Tractor Supply during the second quarter worth $81,025,000. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of TSCO stock opened at $51.01 on Friday. The stock’s fifty day simple moving average is $52.56 and its 200 day simple moving average is $55.89. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99. The firm has a market cap of $26.95 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 2.37 and a beta of 0.74. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the business earned $0.45 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend 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 currently 44.23%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 price objective on shares of Tractor Supply in a research note on Thursday, October 23rd. DA Davidson set a $70.00 price target on Tractor Supply in a research report on Friday, October 24th. Mizuho boosted their price objective on shares of Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Citigroup reiterated a “buy” rating and set a $61.00 price target (down previously from $66.00) on shares of Tractor Supply in a research note on Friday. Finally, Gordon Haskett lowered shares of Tractor Supply from an “accumulate” rating to a “hold” rating and lowered their price target for the company from $57.00 to $50.00 in a report on Thursday, January 8th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Tractor Supply currently has a consensus rating of “Moderate Buy” and an average price target of $62.85.

Tractor Supply Company Profile

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.