Tractor Supply Company $TSCO Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp reduced its holdings in Tractor Supply Company (NASDAQ:TSCO) by 35.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 37,327 shares of the specialty retailer’s stock after selling 20,628 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Tractor Supply were worth $1,970,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings 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 worth $3,571,427,000 after acquiring an additional 1,047,687 shares during the last quarter. Alliancebernstein L.P. grew 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 purchasing an additional 2,408,373 shares during the last quarter. State Street Corp raised its position in shares of Tractor Supply by 0.7% during the 2nd quarter. State Street Corp now owns 23,002,120 shares of the specialty retailer’s stock worth $1,213,822,000 after purchasing an additional 150,392 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Tractor Supply by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 15,367,775 shares of the specialty retailer’s stock worth $808,341,000 after purchasing an additional 316,595 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Tractor Supply by 123.4% in the 2nd quarter. Invesco Ltd. now owns 15,079,313 shares of the specialty retailer’s stock worth $795,735,000 after purchasing an additional 8,329,462 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Shares of TSCO opened at $51.40 on Monday. The firm has a market capitalization of $27.16 billion, a PE ratio of 24.71, a P/E/G ratio of 2.65 and a beta of 0.72. 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 firm has a 50-day moving average price of $54.11 and a 200 day moving average price of $56.09. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. Tractor Supply’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $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 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TSCO shares. Wolfe Research assumed coverage on Tractor Supply in a research report on Thursday, September 18th. They issued an “outperform” rating and a $70.00 target price on the stock. Wells Fargo & Company restated an “overweight” rating and set a $65.00 price target on shares of Tractor Supply in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tractor Supply in a report on Monday, December 15th. Telsey Advisory Group reissued an “outperform” rating and set a $70.00 target price on shares of Tractor Supply in a research note on Thursday, October 23rd. Finally, Jefferies Financial Group upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Fifteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.95.

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.