Barings LLC Increases Holdings in Tractor Supply Company $TSCO

Barings LLC lifted its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 21.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,642 shares of the specialty retailer’s stock after purchasing an additional 10,534 shares during the period. Barings LLC’s holdings in Tractor Supply were worth $3,200,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC bought a new stake in Tractor Supply in the second quarter worth about $35,000. Financial Gravity Companies Inc. bought a new stake in shares of Tractor Supply in the 2nd quarter worth approximately $38,000. Zions Bancorporation National Association UT purchased a new position in Tractor Supply in the first quarter valued at approximately $41,000. Evelyn Partners Asset Management Ltd bought a new position in Tractor Supply during the second quarter valued at $46,000. Finally, Whittier Trust Co. increased its position in Tractor Supply by 79.8% in the second quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock worth $47,000 after buying an additional 399 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

TSCO opened at $52.92 on Friday. 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 stock has a market capitalization of $27.96 billion, a P/E ratio of 25.44, a PEG ratio of 2.73 and a beta of 0.70. The stock has a 50-day moving average price of $55.52 and a 200-day moving average price of $55.67. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99.

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, topping analysts’ consensus estimates of $0.48 by $0.01. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company posted $0.45 EPS. Tractor Supply’s quarterly revenue was up 7.2% compared to the same quarter last year. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Equities analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.92 annualized dividend and a dividend yield of 1.7%. Tractor Supply’s dividend payout ratio (DPR) is currently 44.23%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wells Fargo & Company reaffirmed an “overweight” rating and set a $65.00 price target on shares of Tractor Supply in a research report on Thursday, October 23rd. Wolfe Research began coverage on shares of Tractor Supply in a research report on Thursday, September 18th. They set an “outperform” rating and a $70.00 target price for the company. Robert W. Baird boosted their price target on shares of Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Tractor Supply in a report on Monday, November 17th. Finally, DA Davidson set a $70.00 target price on shares of Tractor Supply in a report on Friday, October 24th. Fifteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.95.

Tractor Supply Company 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.