Quantbot Technologies LP Has $5.16 Million Holdings in Tractor Supply Company $TSCO

Quantbot Technologies LP raised its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 862.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,843 shares of the specialty retailer’s stock after purchasing an additional 87,679 shares during the quarter. Quantbot Technologies LP’s holdings in Tractor Supply were worth $5,163,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bison Wealth LLC boosted its stake in shares of Tractor Supply by 356.1% during the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after buying an additional 5,017 shares during the period. Assetmark Inc. raised its position in shares of Tractor Supply by 21.2% in the first quarter. Assetmark Inc. now owns 1,331 shares of the specialty retailer’s stock valued at $73,000 after purchasing an additional 233 shares during the period. XTX Topco Ltd acquired a new position in Tractor Supply during the 1st quarter worth $418,000. Arkadios Wealth Advisors lifted its position in shares of Tractor Supply by 79.3% during the 1st quarter. Arkadios Wealth Advisors now owns 9,830 shares of the specialty retailer’s stock worth $542,000 after purchasing an additional 4,348 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of Tractor Supply by 6.2% in the first quarter. Harbour Investments Inc. now owns 5,061 shares of the specialty retailer’s stock valued at $279,000 after acquiring an additional 295 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Price Performance

TSCO stock opened at $53.22 on Wednesday. The stock has a 50-day moving average price of $54.81 and a two-hundred day moving average price of $55.81. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The stock has a market cap of $28.12 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 2.77 and a beta of 0.72. 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 released its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Equities analysts forecast that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, November 24th. Tractor Supply’s dividend payout ratio is 44.23%.

Analyst Ratings Changes

Several research firms recently weighed in on TSCO. Weiss Ratings reiterated a “buy (b-)” rating on shares of Tractor Supply in a research note on Monday. Telsey Advisory Group reissued an “outperform” rating and set a $70.00 price target on shares of Tractor Supply in a report on Thursday, October 23rd. Mizuho increased their target price on Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. DA Davidson set a $70.00 price target on shares of Tractor Supply in a report on Friday, October 24th. Finally, Robert W. Baird boosted their price objective on Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.95.

Tractor Supply 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.