State Board of Administration of Florida Retirement System Sells 2,854 Shares of Tractor Supply Company $TSCO

State Board of Administration of Florida Retirement System decreased its holdings in Tractor Supply Company (NASDAQ:TSCO) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 508,941 shares of the specialty retailer’s stock after selling 2,854 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Tractor Supply were worth $26,857,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TSCO. Opal Wealth Advisors LLC bought a new stake in shares of Tractor Supply in the 2nd quarter valued at approximately $35,000. Financial Gravity Companies Inc. bought a new position in shares of Tractor Supply during the 2nd quarter valued at approximately $38,000. Zions Bancorporation National Association UT bought a new position in shares of Tractor Supply during the 1st quarter valued at approximately $41,000. Evelyn Partners Asset Management Ltd purchased a new stake in Tractor Supply during the 2nd quarter valued at $46,000. Finally, Whittier Trust Co. lifted its position in Tractor Supply by 79.8% in the second quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock worth $47,000 after buying an additional 399 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on TSCO. 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. Wolfe Research initiated coverage on shares of Tractor Supply in a research note on Thursday, September 18th. They set an “outperform” rating and a $70.00 price target for the company. Jefferies Financial Group upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a report on Monday, November 24th. DA Davidson set a $70.00 price objective on shares of Tractor Supply in a research report on Friday, October 24th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $65.00 price objective on shares of Tractor Supply in a research note on Thursday, October 23rd. Sixteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.95.

Tractor Supply Trading Up 0.3%

NASDAQ TSCO opened at $54.78 on Friday. The stock has a market cap of $28.95 billion, a PE ratio of 26.34, a PEG ratio of 2.82 and a beta of 0.70. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The company’s 50-day moving average price is $55.01 and its 200-day moving average price is $55.76. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $3.72 billion during 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 firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Equities research analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors 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 payout ratio is presently 44.23%.

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.