Peregrine Capital Management LLC Trims Stock Position in Tractor Supply Company $TSCO

Peregrine Capital Management LLC trimmed its holdings in Tractor Supply Company (NASDAQ:TSCO) by 30.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 13,390 shares of the specialty retailer’s stock after selling 5,875 shares during the quarter. Peregrine Capital Management LLC’s holdings in Tractor Supply were worth $707,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bennett Selby Investments LP raised its holdings in shares of Tractor Supply by 1.3% in the second quarter. Bennett Selby Investments LP now owns 14,932 shares of the specialty retailer’s stock valued at $788,000 after buying an additional 191 shares during the last quarter. Hancock Whitney Corp raised its holdings in shares of Tractor Supply by 2.0% in the first quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer’s stock valued at $543,000 after buying an additional 194 shares during the last quarter. Mount Vernon Associates Inc. MD raised its holdings in shares of Tractor Supply by 0.3% in the second quarter. Mount Vernon Associates Inc. MD now owns 67,570 shares of the specialty retailer’s stock valued at $3,566,000 after buying an additional 200 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Tractor Supply by 0.3% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 66,483 shares of the specialty retailer’s stock valued at $3,663,000 after buying an additional 208 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Tractor Supply by 30.1% in the first quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 213 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Trading Down 1.6%

Shares of Tractor Supply stock opened at $55.49 on Wednesday. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. The company’s 50-day simple moving average is $57.98 and its 200-day simple moving average is $55.21. The firm has a market cap of $29.41 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 3.05 and a beta of 0.73.

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 business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the business posted $0.45 earnings per share. The business’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 research analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were 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 was Monday, August 25th. Tractor Supply’s dividend payout ratio is presently 44.23%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TSCO shares. Truist Financial upped their target price on shares of Tractor Supply from $60.00 to $66.00 and gave the company a “buy” rating in a report on Friday, July 25th. Wells Fargo & Company reiterated an “overweight” rating and set a $65.00 price target on shares of Tractor Supply in a research note on Thursday, October 23rd. UBS Group boosted their price target on shares of Tractor Supply from $54.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Morgan Stanley upgraded shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $50.00 to $60.00 in a research note on Friday, October 24th. Finally, DA Davidson set a $70.00 price target on shares of Tractor Supply in a research note on Friday. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.