Retirement Systems of Alabama Cuts Stake in Tractor Supply Company $TSCO

Retirement Systems of Alabama lowered its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 0.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 113,771 shares of the specialty retailer’s stock after selling 1,021 shares during the period. Retirement Systems of Alabama’s holdings in Tractor Supply were worth $6,004,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Bennett Selby Investments LP increased its stake in shares of Tractor Supply by 1.3% during 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 period. Hancock Whitney Corp increased its stake in shares of Tractor Supply by 2.0% during 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 period. Mount Vernon Associates Inc. MD increased its stake in shares of Tractor Supply by 0.3% during 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 period. Nissay Asset Management Corp Japan ADV increased its stake in shares of Tractor Supply by 0.3% during 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 period. Finally, Independent Wealth Network Inc. increased its stake in shares of Tractor Supply by 5.2% during the first quarter. Independent Wealth Network Inc. now owns 4,335 shares of the specialty retailer’s stock valued at $239,000 after buying an additional 215 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $52.49 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30. The company has a market cap of $27.82 billion, a PE ratio of 25.24, a P/E/G ratio of 2.92 and a beta of 0.73. The business has a 50-day simple moving average of $57.38 and a two-hundred day simple moving average of $55.32. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week 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 for the quarter, topping the consensus estimate of $0.48 by $0.01. The business 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 company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, equities analysts expect that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 25th. Tractor Supply’s dividend payout ratio (DPR) is currently 44.23%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TSCO. Telsey Advisory Group reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Tractor Supply in a research report on Thursday, October 23rd. Mizuho raised their price objective on Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Citigroup raised their price objective on Tractor Supply from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Piper Sandler raised their price objective on Tractor Supply from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on Tractor Supply from $56.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.68.

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.