Police & Firemen s Retirement System of New Jersey Purchases 3,082 Shares of Tractor Supply Company $TSCO

Police & Firemen s Retirement System of New Jersey grew its position in Tractor Supply Company (NASDAQ:TSCO) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,122 shares of the specialty retailer’s stock after buying an additional 3,082 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Tractor Supply were worth $4,281,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. GW&K Investment Management LLC raised its holdings 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 acquiring an additional 226 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Tractor Supply during the 2nd quarter worth about $35,000. Zions Bancorporation National Association UT purchased a new position in Tractor Supply during the 1st quarter valued at about $41,000. Whittier Trust Co. raised its holdings in shares of Tractor Supply by 79.8% in the 2nd quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 399 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of Tractor Supply by 89.6% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 450 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Down 1.4%

Tractor Supply stock opened at $55.42 on Friday. 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 stock has a market cap of $29.28 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 2.99 and a beta of 0.70. The stock has a 50-day moving average of $56.18 and a two-hundred day moving average of $55.60. Tractor Supply Company has a one year low of $46.85 and a one year 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 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 for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The company’s 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. On average, research analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently declared 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 is presently 44.23%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TSCO shares. Wells Fargo & Company reissued an “overweight” rating and set a $65.00 price objective on shares of Tractor Supply in a report on Thursday, October 23rd. Bank of America upgraded Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Thursday, July 24th. Wolfe Research assumed coverage on Tractor Supply in a research note on Thursday, September 18th. They set an “outperform” rating and a $70.00 price objective for the company. Piper Sandler raised their price objective on Tractor Supply from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, Mizuho boosted their target price on shares of Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Fifteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.95.

About Tractor Supply

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.