Voya Investment Management LLC Trims Position in Tractor Supply Company $TSCO

Voya Investment Management LLC decreased its holdings in Tractor Supply Company (NASDAQ:TSCO) by 19.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 840,311 shares of the specialty retailer’s stock after selling 207,186 shares during the quarter. Voya Investment Management LLC owned about 0.16% of Tractor Supply worth $47,788,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TSCO. GPS Wealth Strategies Group LLC lifted its position in shares of Tractor Supply by 1.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 17,908 shares of the specialty retailer’s stock worth $945,000 after purchasing an additional 175 shares during the period. Bennett Selby Investments LP lifted its holdings in Tractor Supply by 1.3% in the second quarter. Bennett Selby Investments LP now owns 14,932 shares of the specialty retailer’s stock worth $788,000 after buying an additional 191 shares during the period. Hancock Whitney Corp lifted its holdings in Tractor Supply by 2.0% in the first quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer’s stock worth $543,000 after buying an additional 194 shares during the period. Mount Vernon Associates Inc. MD boosted its position in Tractor Supply by 0.3% during the 2nd quarter. Mount Vernon Associates Inc. MD now owns 67,570 shares of the specialty retailer’s stock valued at $3,566,000 after acquiring an additional 200 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in shares of Tractor Supply by 0.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 66,483 shares of the specialty retailer’s stock worth $3,663,000 after acquiring an additional 208 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSCO has been the subject of a number of research analyst reports. Telsey Advisory Group restated an “outperform” rating and issued a $70.00 target price on shares of Tractor Supply in a research note on Thursday, October 23rd. Mizuho raised their price objective on Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Jefferies Financial Group upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to an “outperform” rating and increased their price target for the stock from $60.00 to $65.00 in a research note on Wednesday, November 5th. Finally, 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. Fifteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Tractor Supply has an average rating of “Moderate Buy” and an average target price of $63.95.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $51.40 on Friday. The business has a fifty day moving average price of $54.11 and a 200-day moving average price of $56.05. 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 $27.16 billion, a PE ratio of 24.71, a PEG ratio of 2.65 and a beta of 0.72. Tractor Supply Company has a 1-year low of $46.85 and a 1-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, topping analysts’ consensus estimates of $0.48 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the business posted $0.45 EPS. Tractor Supply’s revenue 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. As a group, equities analysts expect that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were issued a dividend of $0.23 per share. The ex-dividend date was Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.8%. Tractor Supply’s dividend payout ratio is presently 44.23%.

About Tractor Supply

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.