Tredje AP fonden Has $2.41 Million Position in Tractor Supply Company $TSCO

Tredje AP fonden raised its position in Tractor Supply Company (NASDAQ:TSCO) by 7.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,599 shares of the specialty retailer’s stock after acquiring an additional 3,194 shares during the quarter. Tredje AP fonden’s holdings in Tractor Supply were worth $2,406,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TSCO. Bison Wealth LLC lifted its stake in Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after purchasing an additional 5,017 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Tractor Supply by 7.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 70,944 shares of the specialty retailer’s stock valued at $3,911,000 after buying an additional 5,184 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of Tractor Supply by 11.5% in the first quarter. DAVENPORT & Co LLC now owns 17,870 shares of the specialty retailer’s stock valued at $985,000 after buying an additional 1,836 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Tractor Supply by 182.9% in the first quarter. Teacher Retirement System of Texas now owns 97,625 shares of the specialty retailer’s stock valued at $5,379,000 after buying an additional 63,115 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Tractor Supply by 1.2% in the first quarter. D.A. Davidson & CO. now owns 56,828 shares of the specialty retailer’s stock valued at $3,131,000 after buying an additional 668 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Evercore ISI cut their price target on Tractor Supply from $65.00 to $60.00 and set an “in-line” rating for the company in a report on Tuesday, October 7th. Wall Street Zen upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Robert W. Baird raised their target price on shares of Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Citigroup raised their target price on shares of Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, UBS Group raised their price objective on shares of Tractor Supply from $54.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.68.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $54.11 on Monday. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. The company has a 50-day simple moving average of $57.56 and a two-hundred day simple moving average of $55.30. The stock has a market capitalization of $28.68 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 2.92 and a beta of 0.71.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Analysts forecast that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Announces Dividend

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 44.23%.

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.