Navera Investment Management Ltd. Lowers Stake in Tractor Supply Company $TSCO

by · The Markets Daily

Navera Investment Management Ltd. cut its stake in Tractor Supply Company (NASDAQ:TSCO – Free Report) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,285,477 shares of the specialty retailer’s stock after selling 81,854 shares during the quarter. Tractor Supply comprises approximately 5.8% of Navera Investment Management Ltd.’s investment portfolio, making the stock its 7th biggest position. Navera Investment Management Ltd.’s holdings in Tractor Supply were worth $300,501,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TSCO. Delos Wealth Advisors LLC bought a new stake in shares of Tractor Supply during the second quarter worth $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Tractor Supply during the 2nd quarter valued at $35,000. Financial Gravity Companies Inc. bought a new stake in Tractor Supply during the 2nd quarter worth $38,000. Clayton Financial Group LLC acquired a new position in Tractor Supply in the 3rd quarter worth about $44,000. Finally, First Horizon Corp bought a new position in Tractor Supply in the third quarter valued at about $44,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TSCO shares. Telsey Advisory Group restated an “outperform” rating and set a $70.00 price target on shares of Tractor Supply in a report on Thursday, October 23rd. Robert W. Baird raised their price target on shares of Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Morgan Stanley raised shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $50.00 to $60.00 in a research note on Friday, October 24th. Truist Financial set a $55.00 target price on Tractor Supply and gave the stock a “hold” rating in a research report on Friday. Finally, UBS Group set a $57.00 target price on Tractor Supply and gave the stock a “neutral” rating in a report on Friday. Fourteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.85.

Check Out Our Latest Stock Report on Tractor Supply

Tractor Supply Price Performance

Shares of TSCO opened at $51.01 on Friday. The firm has a market cap of $26.95 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 2.38 and a beta of 0.74. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99. 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 business’s 50 day moving average price is $52.56 and its two-hundred day moving average price is $55.90.

Tractor Supply (NASDAQ:TSCO – Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. 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 business posted $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, equities analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Announces Dividend

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

Tractor Supply Profile

(Free Report)

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.

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