Oak Ridge Investments LLC Takes $1.10 Million Position in Tractor Supply Company $TSCO

Oak Ridge Investments LLC acquired a new position in shares of Tractor Supply Company (NASDAQ:TSCO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,337 shares of the specialty retailer’s stock, valued at approximately $1,100,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Donoghue Forlines LLC purchased a new position in Tractor Supply in the 3rd quarter worth approximately $2,113,000. Maryland State Retirement & Pension System raised its position in shares of Tractor Supply by 3.0% during the 3rd quarter. Maryland State Retirement & Pension System now owns 25,968 shares of the specialty retailer’s stock valued at $1,477,000 after buying an additional 758 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Tractor Supply by 6.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 131,888 shares of the specialty retailer’s stock worth $7,500,000 after acquiring an additional 7,460 shares during the last quarter. NBT Bank N A NY grew its position in Tractor Supply by 12.0% in the third quarter. NBT Bank N A NY now owns 4,515 shares of the specialty retailer’s stock worth $257,000 after acquiring an additional 485 shares in the last quarter. Finally, Leavell Investment Management Inc. grew its position in Tractor Supply by 2.9% in the third quarter. Leavell Investment Management Inc. now owns 8,030 shares of the specialty retailer’s stock worth $457,000 after acquiring an additional 230 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Robert W. Baird raised their price target on Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Truist Financial set a $55.00 price objective on Tractor Supply and gave the company a “hold” rating in a research report on Friday. Telsey Advisory Group reissued an “outperform” rating and set a $70.00 price objective on shares of Tractor Supply in a report on Thursday, October 23rd. Evercore ISI raised Tractor Supply from a “hold” rating to an “outperform” rating and upped their target price for the stock from $60.00 to $65.00 in a research note on Wednesday, November 5th. Finally, Citigroup reiterated a “buy” rating and set a $61.00 price target (down from $66.00) on shares of Tractor Supply in a research report on Friday. Fourteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $62.85.

Tractor Supply Trading Up 0.6%

NASDAQ TSCO opened at $51.01 on Monday. The firm has a market cap of $26.95 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 2.38 and a beta of 0.74. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99. The stock has a 50-day moving average of $52.56 and a 200-day moving average of $55.91. 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 announced its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 EPS 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 analysts’ expectations of $3.72 billion. During the same period in the previous year, the firm earned $0.45 EPS. The business’s quarterly 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. As a group, sell-side analysts forecast that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.92 annualized dividend and a 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.