Donoghue Forlines LLC Invests $2.11 Million in Tractor Supply Company $TSCO

Donoghue Forlines LLC purchased a new position in shares of Tractor Supply Company (NASDAQ:TSCO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 37,151 shares of the specialty retailer’s stock, valued at approximately $2,113,000.

Other large investors also recently bought and sold shares of the company. Bison Wealth LLC boosted its position in Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after buying an additional 5,017 shares during the period. Woodline Partners LP increased its position in Tractor Supply by 40.7% during the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock valued at $2,487,000 after purchasing an additional 13,051 shares during the period. Intech Investment Management LLC increased its holdings in Tractor Supply by 26.9% during the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock valued at $1,442,000 after buying an additional 5,542 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Tractor Supply by 0.9% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 61,312 shares of the specialty retailer’s stock worth $3,235,000 after buying an additional 561 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in Tractor Supply by 1.1% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 197,805 shares of the specialty retailer’s stock worth $10,438,000 after buying an additional 2,200 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 0.6%

Shares of NASDAQ TSCO opened at $51.01 on Friday. The stock has a market cap of $26.95 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 2.38 and a beta of 0.74. The business has a 50-day moving average price of $52.56 and a 200 day moving average price of $55.90. 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 52-week low of $46.85 and a 52-week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share 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 the consensus estimate of $3.72 billion. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Equities research analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current 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 given 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 (DPR) is 44.23%.

Analysts Set New Price Targets

TSCO has been the topic of a number of analyst reports. Mizuho lifted their price target on Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Citigroup reiterated a “buy” rating and issued a $61.00 target price (down previously from $66.00) on shares of Tractor Supply in a research note on Friday. DA Davidson set a $70.00 price objective on shares of Tractor Supply in a research report on Friday, October 24th. Wells Fargo & Company reissued an “overweight” rating and set a $65.00 target price on shares of Tractor Supply in a research note on Thursday, October 23rd. Finally, UBS Group set a $57.00 price target on Tractor Supply and gave the company a “neutral” rating in a research note on Friday. Fourteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.85.

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.