13,500 Shares in Tractor Supply Company $TSCO Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. purchased a new position in shares of Tractor Supply Company (NASDAQ:TSCO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,500 shares of the specialty retailer’s stock, valued at approximately $712,000.

A number of other large investors have also recently added to or reduced their stakes in TSCO. Vanguard Group Inc. raised its position in Tractor Supply by 1.6% in the second quarter. Vanguard Group Inc. now owns 67,679,109 shares of the specialty retailer’s stock valued at $3,571,427,000 after purchasing an additional 1,047,687 shares during the period. Wellington Management Group LLP grew its holdings in shares of Tractor Supply by 16.0% during the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock worth $1,521,023,000 after purchasing an additional 3,815,520 shares during the period. Alliancebernstein L.P. increased its position in shares of Tractor Supply by 10.8% during the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock worth $1,359,036,000 after purchasing an additional 2,408,373 shares during the last quarter. State Street Corp raised its holdings in Tractor Supply by 0.7% in the 2nd quarter. State Street Corp now owns 23,002,120 shares of the specialty retailer’s stock valued at $1,213,822,000 after buying an additional 150,392 shares during the period. Finally, Geode Capital Management LLC lifted its position in Tractor Supply by 2.1% in the second quarter. Geode Capital Management LLC now owns 15,367,775 shares of the specialty retailer’s stock valued at $808,341,000 after buying an additional 316,595 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Stock Down 2.0%

Tractor Supply stock opened at $51.81 on Friday. The firm has a market capitalization of $27.38 billion, a P/E ratio of 24.91, a P/E/G ratio of 2.73 and a beta of 0.72. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The stock’s fifty day simple moving average is $54.35 and its 200-day simple moving average is $55.86.

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

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.92 annualized dividend and a yield of 1.8%. Tractor Supply’s dividend payout ratio (DPR) is 44.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TSCO shares. Jefferies Financial Group raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Mizuho lifted their target price on shares of Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, October 24th. DA Davidson set a $70.00 price target on Tractor Supply in a research note on Friday, October 24th. Weiss Ratings lowered Tractor Supply from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Morgan Stanley raised 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. Fifteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Tractor Supply has a consensus rating of “Moderate Buy” and a consensus target price of $63.95.

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.