Commonwealth Retirement Investments LLC Purchases 29,672 Shares of Tractor Supply Company $TSCO

Commonwealth Retirement Investments LLC increased its holdings in Tractor Supply Company (NASDAQ:TSCO) by 134.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,713 shares of the specialty retailer’s stock after buying an additional 29,672 shares during the period. Commonwealth Retirement Investments LLC’s holdings in Tractor Supply were worth $2,729,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GW&K Investment Management LLC raised its position in shares of Tractor Supply by 89.3% in the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 226 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Tractor Supply in the second quarter valued at approximately $35,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Tractor Supply in the first quarter valued at approximately $39,000. Zions Bancorporation National Association UT acquired a new stake in shares of Tractor Supply in the first quarter valued at approximately $41,000. Finally, Whittier Trust Co. raised its position in shares of Tractor Supply by 79.8% in the second quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 399 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Mizuho lifted their price target on shares of Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. DA Davidson set a $70.00 price objective on shares of Tractor Supply in a research report on Friday, October 24th. The Goldman Sachs Group restated a “buy” rating on shares of Tractor Supply in a research report on Friday, July 25th. Robert W. Baird boosted their price objective 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. Finally, Citigroup boosted their price objective on shares of Tractor Supply from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.68.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $53.05 on Wednesday. The firm’s fifty day moving average price is $57.20 and its two-hundred day moving average price is $55.34. The stock has a market cap of $28.11 billion, a PE ratio of 25.50, a PEG ratio of 2.83 and a beta of 0.70. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30.

Tractor Supply (NASDAQ:TSCO) last posted 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. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, equities analysts expect that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

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.