New York Life Investment Management LLC Boosts Holdings in Tractor Supply Company $TSCO

New York Life Investment Management LLC boosted its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 0.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 79,697 shares of the specialty retailer’s stock after purchasing an additional 405 shares during the period. New York Life Investment Management LLC’s holdings in Tractor Supply were worth $4,206,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. GW&K Investment Management LLC increased its stake in Tractor Supply by 89.3% in the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 226 shares during the period. Opal Wealth Advisors LLC acquired a new position in Tractor Supply in the second quarter valued at $35,000. Financial Gravity Asset Management Inc. acquired a new position in Tractor Supply in the first quarter valued at $39,000. Zions Bancorporation National Association UT acquired a new position in Tractor Supply in the first quarter valued at $41,000. Finally, Whittier Trust Co. increased its stake in Tractor Supply by 79.8% in the second quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 399 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Stock Down 0.2%

Shares of NASDAQ:TSCO opened at $54.12 on Friday. The company has a market cap of $28.68 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.93 and a beta of 0.73. The firm’s 50-day simple moving average is $57.71 and its 200-day simple moving average is $55.22. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results 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 business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, equities research analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, August 25th. Tractor Supply’s dividend payout ratio is presently 44.23%.

Analyst Ratings Changes

A number of research firms have commented on TSCO. JPMorgan Chase & Co. lifted their price objective on shares of Tractor Supply from $56.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Bank of America upgraded shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Thursday, July 24th. Morgan Stanley upgraded shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $50.00 to $60.00 in a research note on Friday, October 24th. Wells Fargo & Company restated an “overweight” rating and issued a $65.00 price objective on shares of Tractor Supply in a research note on Thursday, October 23rd. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $70.00 price objective on shares of Tractor Supply in a research note on Thursday, October 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.68.

Tractor Supply Profile

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.