Jensen Investment Management Inc. Has $5.78 Million Stock Holdings in Tractor Supply Company $TSCO

Jensen Investment Management Inc. lifted its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 2.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,490 shares of the specialty retailer’s stock after buying an additional 3,100 shares during the period. Jensen Investment Management Inc.’s holdings in Tractor Supply were worth $5,778,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Avantax Advisory Services Inc. grew its position in Tractor Supply by 9.2% in the second quarter. Avantax Advisory Services Inc. now owns 48,008 shares of the specialty retailer’s stock valued at $2,533,000 after acquiring an additional 4,057 shares during the last quarter. Creative Planning boosted its stake in shares of Tractor Supply by 0.9% in the 2nd quarter. Creative Planning now owns 171,520 shares of the specialty retailer’s stock valued at $9,051,000 after purchasing an additional 1,456 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Tractor Supply by 2,509.3% in the 2nd quarter. SG Americas Securities LLC now owns 524,126 shares of the specialty retailer’s stock valued at $27,658,000 after purchasing an additional 504,039 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Tractor Supply by 6.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 130,035 shares of the specialty retailer’s stock valued at $6,862,000 after purchasing an additional 7,871 shares during the last quarter. Finally, Security Financial Services INC. increased its position in Tractor Supply by 25.0% during the 2nd quarter. Security Financial Services INC. now owns 7,426 shares of the specialty retailer’s stock worth $392,000 after purchasing an additional 1,483 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TSCO. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to an “outperform” rating and raised their target price for the company from $60.00 to $65.00 in a research report on Wednesday, November 5th. Raymond James Financial reissued an “outperform” rating and set a $65.00 price objective (up previously from $57.00) on shares of Tractor Supply in a report on Friday, July 25th. Bank of America upgraded Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Thursday, July 24th. Morgan Stanley upgraded Tractor Supply from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $50.00 to $60.00 in a research report on Friday, October 24th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Tractor Supply in a report on Friday, July 25th. Fifteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.95.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $55.42 on Friday. The stock has a market capitalization of $29.28 billion, a PE ratio of 26.64, a PEG ratio of 2.99 and a beta of 0.70. The business’s 50 day simple moving average is $56.18 and its 200 day simple moving average is $55.60. 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 Company has a one year low of $46.85 and a one year high of $63.99.

Tractor Supply (NASDAQ:TSCO) last issued 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 firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company earned $0.45 EPS. The company’s revenue for the quarter 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, research analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

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