Novare Capital Management LLC Makes New Investment in Tractor Supply Company $TSCO

Key Points

• Novare Capital Management LLC has made a new investment in Tractor Supply Company, purchasing 6,492 shares valued at approximately $343,000 during the second quarter.
• Research analysts have recently increased their price targets for Tractor Supply, with Piper Sandler and DA Davidson setting targets at $67.00 and $70.00, respectively, while the stock maintains an average rating of "Moderate Buy."
• Tractor Supply reported a quarterly EPS of $0.81, exceeding expectations, and has announced a quarterly dividend of $0.23, resulting in a yield of 1.7%.

Novare Capital Management LLC purchased a new position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 6,492 shares of the specialty retailer's stock, valued at approximately $343,000.

Other institutional investors have also recently made changes to their positions in the company. GW&K Investment Management LLC increased its position in shares of Tractor Supply by 89.3% during the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 226 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Tractor Supply during the 2nd quarter worth approximately $35,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Tractor Supply during the 1st quarter worth approximately $39,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Tractor Supply during the 1st quarter worth approximately $41,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Tractor Supply during the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 98.72% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Piper Sandler boosted their price target on Tractor Supply from $66.00 to $67.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. lifted their target price on Tractor Supply from $56.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Wall Street Zen upgraded Tractor Supply from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Telsey Advisory Group reiterated an "outperform" rating and set a $70.00 target price on shares of Tractor Supply in a research note on Friday. Finally, DA Davidson lifted their target price on Tractor Supply from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Fifteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $62.45.

Tractor Supply Stock Performance

TSCO opened at $55.20 on Friday. The business has a fifty day simple moving average of $58.63 and a 200 day simple moving average of $54.95. The company has a market capitalization of $29.25 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.83 and a beta of 0.73. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.01. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.93 EPS. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. Research analysts expect that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 annualized dividend and a yield of 1.7%. Tractor Supply's payout ratio is currently 45.10%.

Insider Buying and Selling

In other Tractor Supply news, EVP Colin Yankee sold 6,680 shares of Tractor Supply stock in a transaction on Monday, July 28th. The stock was sold at an average price of $58.40, for a total value of $390,112.00. Following the completion of the transaction, the executive vice president directly owned 40,142 shares of the company's stock, valued at $2,344,292.80. The trade was a 14.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Noni L. Ellison sold 5,200 shares of Tractor Supply stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $63.96, for a total value of $332,592.00. Following the completion of the transaction, the senior vice president directly owned 28,639 shares of the company's stock, valued at $1,831,750.44. This represents a 15.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,045 shares of company stock valued at $6,547,257 over the last 90 days. 0.65% of the stock is currently owned by insiders.

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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