Louisiana State Employees Retirement System Invests $1.22 Million in Tractor Supply Company $TSCO

Louisiana State Employees Retirement System acquired a new position in Tractor Supply Company (NASDAQ:TSCO) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 26,900 shares of the specialty retailer’s stock, valued at approximately $1,219,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TSCO. Wellington Management Group LLP grew its stake in Tractor Supply by 1.6% in the 3rd quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock worth $1,474,736,000 after buying an additional 420,731 shares in the last quarter. Capital International Investors raised its position in shares of Tractor Supply by 3.9% during the 4th quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after buying an additional 902,659 shares in the last quarter. State Street Corp raised its position in shares of Tractor Supply by 0.7% during the 4th quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after buying an additional 162,774 shares in the last quarter. Invesco Ltd. raised its position in Tractor Supply by 18.4% during the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after purchasing an additional 2,706,819 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Tractor Supply by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock valued at $791,703,000 after buying an additional 184,457 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $31.76 on Friday. The firm’s fifty day moving average is $31.46 and its 200 day moving average is $43.46. Tractor Supply Company has a 52 week low of $28.36 and a 52 week high of $63.99. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The company has a market cap of $16.66 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 2.41 and a beta of 0.46.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, equities research analysts expect that Tractor Supply Company will post 2.11 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s dividend payout ratio is currently 47.06%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TSCO. Argus reduced their target price on shares of Tractor Supply from $64.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Zacks Research upgraded shares of Tractor Supply from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Bank of America initiated coverage on shares of Tractor Supply in a research report on Tuesday, April 7th. They set a “neutral” rating and a $47.00 price target for the company. Mizuho decreased their price objective on Tractor Supply from $58.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on Tractor Supply from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, Tractor Supply has an average rating of “Moderate Buy” and an average target price of $45.50.

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.