Prudential Financial Inc. Has $15.63 Million Stock Position in Tractor Supply Company $TSCO

Prudential Financial Inc. increased its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 7.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 296,210 shares of the specialty retailer’s stock after purchasing an additional 19,963 shares during the period. Prudential Financial Inc. owned approximately 0.06% of Tractor Supply worth $15,631,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new position in shares of Tractor Supply during the 2nd quarter worth about $35,000. Financial Gravity Companies Inc. bought a new position in Tractor Supply during the 2nd quarter worth approximately $38,000. Zions Bancorporation National Association UT bought a new position in Tractor Supply during the 1st quarter worth approximately $41,000. Evelyn Partners Asset Management Ltd acquired a new position in Tractor Supply during the second quarter valued at approximately $46,000. Finally, Whittier Trust Co. increased its stake in 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 purchasing an additional 399 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Performance

TSCO opened at $54.63 on Thursday. The company has a market capitalization of $28.87 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 2.81 and a beta of 0.70. The business’s 50-day moving average price is $55.21 and its two-hundred day moving average price is $55.73. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14.

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

Tractor Supply Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company reissued an “overweight” rating and set a $65.00 price target on shares of Tractor Supply in a research report on Thursday, October 23rd. DA Davidson set a $70.00 target price on Tractor Supply in a report on Friday, October 24th. Morgan Stanley upgraded Tractor Supply from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $50.00 to $60.00 in a report on Friday, October 24th. Jefferies Financial Group raised Tractor Supply from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Robert W. Baird boosted their price objective on Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.95.

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.