Sumitomo Mitsui Trust Group Inc. Boosts Stock Holdings in Tractor Supply Company $TSCO

Sumitomo Mitsui Trust Group Inc. increased its stake in Tractor Supply Company (NASDAQ:TSCO) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,250,470 shares of the specialty retailer’s stock after purchasing an additional 31,065 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Tractor Supply worth $65,987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSCO. Bison Wealth LLC boosted its holdings in Tractor Supply by 356.1% in the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 5,017 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Tractor Supply by 11.0% during the 1st quarter. GAMMA Investing LLC now owns 15,205 shares of the specialty retailer’s stock worth $838,000 after acquiring an additional 1,503 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Tractor Supply by 13.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,907 shares of the specialty retailer’s stock worth $1,097,000 after acquiring an additional 2,361 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Tractor Supply by 502.7% during the 1st quarter. Golden State Wealth Management LLC now owns 904 shares of the specialty retailer’s stock worth $50,000 after acquiring an additional 754 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Tractor Supply by 30.1% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Down 0.1%

Shares of TSCO stock opened at $56.28 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14. The company has a market capitalization of $29.83 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 2.89 and a beta of 0.73. The company’s fifty day moving average price is $58.21 and its 200-day moving average price is $55.14. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. Tractor Supply’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Sell-side analysts expect 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 was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, August 25th. Tractor Supply’s payout ratio is currently 44.23%.

Analyst Ratings Changes

Several research analysts have recently weighed in on TSCO shares. JPMorgan Chase & Co. lifted their price target on shares of Tractor Supply from $56.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Citigroup lifted their price target on shares of Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group lifted their price target on shares of Tractor Supply from $54.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Truist Financial lifted their price target on shares of Tractor Supply from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Tractor Supply in a research note on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.60.

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.