Tractor Supply Company (TSCO) has been on an upward trajectory, with numerous investment firms raising their stake or initiating new positions in the company. Entities including Vanguard Group, Prudential Financial, United Services Automobile Association, Sei Investments, LPL Financial and Haverford Trust among others, have been aggressive buyers of TSCO shares. TSCO also witnessed its position boosted by entities like X Square Capital, ICW Investment Advisors, Moment Partners, and Congress Wealth Management. Despite some growth concerns noted by Aoris, the company's strong financials and robust dividends growth have made it an attractive stock amongst many investors. TIAA Trust National Association and Richwood Investment Advisors purchased significant numbers of shares. Interestingly, the company also announced a shareholder return plan involving increased dividends and share repurchase authorization. Despite a fall in Q4 earnings, the company remains committed to its growth strategy, which includes a ambitious store expansion plan, aiming at a significant market share.
Interestingly, TSCO has closed the acquisition of Allivet, a leading online pet and animal pharmacy, adding an extra revenue stream. Meanwhile, the company continues to be one of the preferred workplaces in IT. Moving ahead, the company intends to host an Investment Community Day to unveil its future growth plans introducing innovative solutions, demonstrating its forward-thinking approach and commitment to growth.
Tractor Supply Co TSCO News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Sat, 29 Mar 2025 23:42:11 GMT - Rating 7 - Innovation 6 - Information 6 - Rumor -5
