QRG Capital Management Inc. Reduces Position in Tractor Supply Company $TSCO

QRG Capital Management Inc. trimmed its holdings in Tractor Supply Company (NASDAQ:TSCO) by 66.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,615 shares of the specialty retailer’s stock after selling 41,564 shares during the quarter. QRG Capital Management Inc.’s holdings in Tractor Supply were worth $1,172,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TSCO. Delos Wealth Advisors LLC purchased a new position in Tractor Supply during the second quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Tractor Supply in the 2nd quarter worth $35,000. Financial Gravity Companies Inc. purchased a new position in shares of Tractor Supply during the 2nd quarter worth $38,000. Clayton Financial Group LLC acquired a new position in shares of Tractor Supply during the 3rd quarter valued at about $44,000. Finally, First Horizon Corp purchased a new stake in shares of Tractor Supply in the third quarter valued at about $44,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Price Performance

TSCO stock opened at $50.97 on Wednesday. The business’s fifty day moving average price is $52.37 and its 200 day moving average price is $55.86. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $26.93 billion, a PE ratio of 24.50, a P/E/G ratio of 2.39 and a beta of 0.74.

Tractor Supply (NASDAQ:TSCO) last released 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 company had revenue of $3.72 billion during the quarter, compared to the consensus estimate 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 was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, sell-side analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were issued a dividend of $0.23 per share. The ex-dividend date was Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a yield of 1.8%. Tractor Supply’s dividend payout ratio is 44.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Robert W. Baird lifted 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. Gordon Haskett cut Tractor Supply from an “accumulate” rating to a “hold” rating and cut their target price for the stock from $57.00 to $50.00 in a research note on Thursday, January 8th. Truist Financial set a $55.00 target price on Tractor Supply and gave the company a “hold” rating in a research report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tractor Supply in a report on Monday, December 29th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $65.00 price objective on shares of Tractor Supply in a research report on Thursday, October 23rd. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.48.

Tractor Supply Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.