Tractor Supply Company $TSCO Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in Tractor Supply Company (NASDAQ:TSCO) by 14.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,938 shares of the specialty retailer’s stock after selling 22,859 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Tractor Supply were worth $7,446,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Delos Wealth Advisors LLC bought a new stake in Tractor Supply in the second quarter worth about $26,000. Opal Wealth Advisors LLC bought a new position in shares of Tractor Supply during the 2nd quarter valued at about $35,000. Financial Gravity Companies Inc. acquired a new position in shares of Tractor Supply in the 2nd quarter worth approximately $38,000. Clayton Financial Group LLC bought a new stake in shares of Tractor Supply in the 3rd quarter worth approximately $44,000. Finally, Evelyn Partners Asset Management Ltd bought a new stake in shares of Tractor Supply in the 2nd quarter worth approximately $46,000. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

TSCO has been the subject of a number of research reports. Jefferies Financial Group upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Evercore ISI raised Tractor Supply from a “hold” rating to an “outperform” rating and raised their price objective for the stock from $60.00 to $65.00 in a research note on Wednesday, November 5th. DA Davidson set a $70.00 target price on Tractor Supply in a report on Friday, October 24th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $70.00 target price on shares of Tractor Supply in a research report on Thursday, October 23rd. Finally, Robert W. Baird upped their target price on Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.85.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $51.51 on Friday. The company has a market cap of $27.22 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. The company’s fifty day moving average is $52.79 and its two-hundred day moving average is $55.96. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.Tractor Supply’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 fiscal year.

Tractor Supply Announces Dividend

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