Tractor Supply (NASDAQ:TSCO) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• Tractor Supply reported earnings of $0.49 per share for the quarter, exceeding expectations by $0.01, and showed a 7.2% increase in quarterly revenue compared to the same period last year.
• The company has updated its FY 2025 EPS guidance to a range of 2.060-2.130.
• Tractor Supply recently announced a quarterly dividend of $0.23 per share, representing an annualized yield of 1.6%, with a payout ratio of 45.10%.

Tractor Supply (NASDAQ:TSCO - Get Free Report) released its earnings results on Thursday. The specialty retailer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01, Zacks reports. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The business's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. Tractor Supply updated its FY 2025 guidance to 2.060-2.130 EPS.

Tractor Supply Trading Up 4.3%

NASDAQ:TSCO traded up $2.37 during trading hours on Thursday, hitting $57.20. The company had a trading volume of 5,226,851 shares, compared to its average volume of 5,315,870. The company has a current ratio of 1.28, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average of $58.36 and a 200 day moving average of $54.96. The company has a market cap of $30.31 billion, a P/E ratio of 28.05, a P/E/G ratio of 2.81 and a beta of 0.73. Tractor Supply has a 1 year low of $46.85 and a 1 year high of $63.99.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, August 25th. Tractor Supply's dividend payout ratio is presently 45.10%.

Analysts Set New Price Targets

TSCO has been the subject of several recent research reports. Wells Fargo & Company lifted their price objective on Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a report on Friday, July 25th. The Goldman Sachs Group restated a "buy" rating on shares of Tractor Supply in a research note on Friday, July 25th. Telsey Advisory Group reiterated an "outperform" rating and issued a $70.00 target price on shares of Tractor Supply in a research report on Thursday. Evercore ISI dropped their target price on Tractor Supply from $65.00 to $60.00 and set an "in-line" rating on the stock in a research report on Tuesday, October 7th. Finally, UBS Group upped their price objective on Tractor Supply from $54.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Fifteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $62.45.

Insider Buying and Selling at Tractor Supply

In other news, EVP Colin Yankee sold 6,680 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $58.40, for a total transaction of $390,112.00. Following the completion of the transaction, the executive vice president directly owned 40,142 shares in the company, valued at approximately $2,344,292.80. This represents a 14.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.65% of the company's stock.

Hedge Funds Weigh In On Tractor Supply

A number of hedge funds have recently modified their holdings of TSCO. Bison Wealth LLC grew its holdings in shares of Tractor Supply by 356.1% during the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer's stock worth $341,000 after purchasing an additional 5,017 shares during the period. Woodline Partners LP grew its holdings in shares of Tractor Supply by 40.7% during the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer's stock worth $2,487,000 after purchasing an additional 13,051 shares during the period. Intech Investment Management LLC grew its holdings in shares of Tractor Supply by 26.9% during the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer's stock worth $1,442,000 after purchasing an additional 5,542 shares during the period. Sei Investments Co. boosted its holdings in Tractor Supply by 1.2% during the 2nd quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer's stock valued at $16,676,000 after acquiring an additional 3,631 shares during the period. Finally, Glenview Trust co boosted its holdings in Tractor Supply by 36.0% during the 2nd quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer's stock valued at $1,036,000 after acquiring an additional 5,194 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

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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