Ethic Inc. Has $3.84 Million Holdings in Tractor Supply Company $TSCO

Key Points

• Ethic Inc. reduced its stake in Tractor Supply Company by 8.9%, now holding 74,300 shares valued at approximately $3.84 million.
• Recent analyst ratings include a boost in price targets, with Bank of America upgrading their rating to buy and setting a target at $70.00.
• Tractor Supply announced a quarterly dividend of $0.23 per share, with a current yield of 1.6% and a payout ratio of 45.10%.

Ethic Inc. lowered its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 8.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,300 shares of the specialty retailer's stock after selling 7,243 shares during the period. Ethic Inc.'s holdings in Tractor Supply were worth $3,842,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSCO. Bison Wealth LLC lifted its position 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. GAMMA Investing LLC lifted its position in shares of Tractor Supply by 11.0% in the first quarter. GAMMA Investing LLC now owns 15,205 shares of the specialty retailer's stock worth $838,000 after buying an additional 1,503 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Tractor Supply by 13.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 19,907 shares of the specialty retailer's stock worth $1,097,000 after buying an additional 2,361 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Tractor Supply by 7.5% in the first quarter. Asset Management One Co. Ltd. now owns 220,704 shares of the specialty retailer's stock worth $12,161,000 after buying an additional 15,380 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Tractor Supply by 5.5% in the first quarter. International Assets Investment Management LLC now owns 4,678 shares of the specialty retailer's stock worth $258,000 after buying an additional 242 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Insider Transactions at Tractor Supply

In related news, EVP Colin Yankee sold 6,680 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $58.40, for a total transaction of $390,112.00. Following the transaction, the executive vice president directly owned 40,142 shares in the company, valued at $2,344,292.80. The trade was a 14.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.65% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Loop Capital boosted their price objective on Tractor Supply from $48.00 to $60.00 and gave the stock a "hold" rating in a research report on Friday, July 25th. Bank of America raised Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 price objective for the company in a research report on Thursday, July 24th. Robert W. Baird boosted their price objective on Tractor Supply from $56.00 to $61.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Raymond James Financial reissued an "outperform" rating and set a $65.00 price objective (up previously from $57.00) on shares of Tractor Supply in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Tractor Supply from $56.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Fifteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $62.45.

Tractor Supply Trading Up 2.8%

Shares of TSCO opened at $56.35 on Friday. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $29.86 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 2.81 and a beta of 0.73. The stock's 50-day moving average price is $58.29 and its 200 day moving average price is $55.01.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the company posted $0.45 earnings per share. The company's quarterly 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. As a group, research analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, August 25th. Tractor Supply's payout ratio is currently 45.10%.

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.

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