Tractor Supply Company $TSCO Stake Boosted by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its holdings in Tractor Supply Company (NASDAQ:TSCO) by 32.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,601 shares of the specialty retailer’s stock after purchasing an additional 14,816 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Tractor Supply were worth $3,446,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GPS Wealth Strategies Group LLC boosted its holdings in shares of Tractor Supply by 1.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 17,908 shares of the specialty retailer’s stock valued at $945,000 after buying an additional 175 shares during the period. Bennett Selby Investments LP lifted its holdings in Tractor Supply by 1.3% in the second quarter. Bennett Selby Investments LP now owns 14,932 shares of the specialty retailer’s stock worth $788,000 after acquiring an additional 191 shares during the last quarter. Mount Vernon Associates Inc. MD boosted its stake in Tractor Supply by 0.3% in the second quarter. Mount Vernon Associates Inc. MD now owns 67,570 shares of the specialty retailer’s stock valued at $3,566,000 after acquiring an additional 200 shares during the period. Perigon Wealth Management LLC grew its holdings in shares of Tractor Supply by 0.6% during the third quarter. Perigon Wealth Management LLC now owns 34,036 shares of the specialty retailer’s stock valued at $1,936,000 after purchasing an additional 200 shares during the last quarter. Finally, Colonial Trust Advisors raised its position in shares of Tractor Supply by 1.3% during the 2nd quarter. Colonial Trust Advisors now owns 16,489 shares of the specialty retailer’s stock worth $870,000 after purchasing an additional 214 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Stock Performance

TSCO stock opened at $51.51 on Monday. The company has a 50-day simple moving average of $52.79 and a 200 day simple moving average of $55.98. The company has a market capitalization of $27.22 billion, a P/E ratio of 24.76, a PEG ratio of 2.40 and a beta of 0.74. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two 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. Sell-side analysts predict 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%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Mizuho boosted their price objective on Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Morgan Stanley raised shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $50.00 to $60.00 in a report on Friday, October 24th. 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. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to an “outperform” rating and lifted their price objective for the company from $60.00 to $65.00 in a research report on Wednesday, November 5th. Finally, Wolfe Research started coverage on shares of Tractor Supply in a research report on Thursday, September 18th. They issued an “outperform” rating and a $70.00 target price for the company. Fifteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.85.

About Tractor Supply

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.