Legal & General Group Plc Sells 247,063 Shares of Tractor Supply Company $TSCO

Legal & General Group Plc trimmed its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,127,148 shares of the specialty retailer’s stock after selling 247,063 shares during the quarter. Legal & General Group Plc’s holdings in Tractor Supply were worth $217,790,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. DNB Asset Management AS grew its holdings in shares of Tractor Supply by 1.6% during the second quarter. DNB Asset Management AS now owns 95,095 shares of the specialty retailer’s stock valued at $5,018,000 after buying an additional 1,518 shares during the last quarter. Entropy Technologies LP lifted its position in Tractor Supply by 8.1% in the 2nd quarter. Entropy Technologies LP now owns 12,911 shares of the specialty retailer’s stock valued at $681,000 after acquiring an additional 965 shares in the last quarter. Swiss National Bank boosted its stake in Tractor Supply by 6.7% during the 2nd quarter. Swiss National Bank now owns 1,608,100 shares of the specialty retailer’s stock valued at $84,859,000 after purchasing an additional 101,500 shares during the last quarter. Willis Investment Counsel boosted its stake in Tractor Supply by 44.4% during the 2nd quarter. Willis Investment Counsel now owns 643,645 shares of the specialty retailer’s stock valued at $33,965,000 after purchasing an additional 198,048 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of Tractor Supply by 41.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 170,758 shares of the specialty retailer’s stock worth $9,011,000 after purchasing an additional 50,189 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TSCO shares. Mizuho upped 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. Jefferies Financial Group upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a research note on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Tractor Supply in a report on Monday, November 17th. DA Davidson set a $70.00 price objective on shares of Tractor Supply in a report on Friday, October 24th. Finally, Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to an “outperform” rating and increased their price objective for the company from $60.00 to $65.00 in a research report on Wednesday, November 5th. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average target price of $63.95.

Tractor Supply Price Performance

NASDAQ TSCO opened at $52.92 on Monday. The company has a market capitalization of $27.96 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 2.73 and a beta of 0.71. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30. The business’s fifty day moving average is $55.52 and its 200 day moving average is $55.71. 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 issued 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. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. 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 year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be paid a dividend of $0.23 per share. The ex-dividend date is Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. Tractor Supply’s dividend payout ratio (DPR) is presently 44.23%.

Tractor Supply 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.