New York Life Investment Management LLC Boosts Stake in Tractor Supply Company $TSCO

New York Life Investment Management LLC increased its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 0.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 79,697 shares of the specialty retailer’s stock after purchasing an additional 405 shares during the period. New York Life Investment Management LLC’s holdings in Tractor Supply were worth $4,206,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. APG Asset Management N.V. boosted its position in shares of Tractor Supply by 33.3% during the 1st quarter. APG Asset Management N.V. now owns 475,484 shares of the specialty retailer’s stock worth $24,254,000 after purchasing an additional 118,884 shares during the period. Ameriprise Financial Inc. lifted its holdings in Tractor Supply by 19.4% during the 1st quarter. Ameriprise Financial Inc. now owns 2,064,224 shares of the specialty retailer’s stock worth $113,745,000 after buying an additional 335,563 shares in the last quarter. Bahl & Gaynor Inc. lifted its holdings in Tractor Supply by 31.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 177,636 shares of the specialty retailer’s stock worth $9,788,000 after buying an additional 41,989 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Tractor Supply by 7.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 70,944 shares of the specialty retailer’s stock worth $3,911,000 after buying an additional 5,184 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in Tractor Supply by 2.9% during the 1st quarter. Royal Bank of Canada now owns 1,855,836 shares of the specialty retailer’s stock worth $102,256,000 after buying an additional 53,035 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Down 0.2%

NASDAQ TSCO opened at $54.12 on Friday. 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 firm’s fifty day moving average price is $57.71 and its 200 day moving average price is $55.22. The company has a market capitalization of $28.68 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 2.93 and a beta of 0.73. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm 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%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, sell-side analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, August 25th. Tractor Supply’s dividend payout ratio (DPR) is 44.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TSCO shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Tractor Supply in a report on Friday, July 25th. Truist Financial increased their target price on shares of Tractor Supply from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, July 25th. UBS Group increased their target price on shares of Tractor Supply from $54.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Wolfe Research assumed coverage on shares of Tractor Supply in a report on Thursday, September 18th. They set an “outperform” rating and a $70.00 target price on the stock. Finally, Morgan Stanley upgraded shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $50.00 to $60.00 in a report on Friday, October 24th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $63.68.

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.