Jensen Investment Management Inc. Has $5.78 Million Stock Holdings in Tractor Supply Company $TSCO

Jensen Investment Management Inc. raised its stake in Tractor Supply Company (NASDAQ:TSCO) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,490 shares of the specialty retailer’s stock after purchasing an additional 3,100 shares during the period. Jensen Investment Management Inc.’s holdings in Tractor Supply were worth $5,778,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in Tractor Supply by 16.0% in the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock valued at $1,521,023,000 after buying an additional 3,815,520 shares in the last quarter. Vanguard Group Inc. grew its stake in Tractor Supply by 4.1% in the first quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock valued at $3,671,391,000 after acquiring an additional 2,597,450 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Tractor Supply by 10.8% during the first quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock valued at $1,359,036,000 after acquiring an additional 2,408,373 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Tractor Supply by 14.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer’s stock valued at $657,214,000 after acquiring an additional 1,510,489 shares in the last quarter. Finally, Select Equity Group L.P. raised its position in shares of Tractor Supply by 16.8% during the first quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer’s stock worth $493,696,000 after purchasing an additional 1,290,771 shares during the period. Institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

TSCO has been the subject of several research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 price target on shares of Tractor Supply in a research report on Thursday, October 23rd. Raymond James Financial reaffirmed an “outperform” rating and issued a $65.00 price objective (up from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. Loop Capital boosted their target price on shares of Tractor Supply from $48.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, July 25th. Bank of America raised shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Thursday, July 24th. Finally, Robert W. Baird lifted their price target on Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Fifteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Tractor Supply presently has an average rating of “Moderate Buy” and a consensus price target of $63.95.

Tractor Supply Stock Down 1.4%

TSCO opened at $55.42 on Friday. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99. The firm has a market capitalization of $29.28 billion, a P/E ratio of 26.64, a PEG ratio of 2.99 and a beta of 0.70. The company’s 50-day moving average is $56.18 and its 200 day moving average is $55.60. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14.

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

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, November 24th. Tractor Supply’s dividend payout ratio (DPR) is 44.23%.

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.