Hudson Bay Capital Management LP Makes New Investment in Tractor Supply Company $TSCO

Hudson Bay Capital Management LP purchased a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 272,557 shares of the specialty retailer’s stock, valued at approximately $14,383,000. Hudson Bay Capital Management LP owned about 0.05% of Tractor Supply as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Invesco Ltd. lifted its position in Tractor Supply by 123.4% during the second quarter. Invesco Ltd. now owns 15,079,313 shares of the specialty retailer’s stock valued at $795,735,000 after acquiring an additional 8,329,462 shares during the last quarter. Norges Bank acquired a new position in shares of Tractor Supply during the second quarter worth $274,959,000. Wellington Management Group LLP increased its position in shares of Tractor Supply by 16.0% during the first quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock worth $1,521,023,000 after purchasing an additional 3,815,520 shares in the last quarter. Select Equity Group L.P. lifted its holdings in shares of Tractor Supply by 41.9% during the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after purchasing an additional 3,753,414 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Tractor Supply by 10.8% in the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock worth $1,359,036,000 after purchasing an additional 2,408,373 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Stock Up 0.3%

NASDAQ:TSCO opened at $51.97 on Monday. 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 company’s fifty day moving average price is $54.27 and its 200-day moving average price is $55.96. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99. The firm has a market capitalization of $27.46 billion, a P/E ratio of 24.99, a PEG ratio of 2.68 and a beta of 0.72.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior 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 research analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, November 24th. Tractor Supply’s dividend payout ratio (DPR) is currently 44.23%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Morgan Stanley raised Tractor Supply from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $50.00 to $60.00 in a research report on Friday, October 24th. Weiss Ratings lowered Tractor Supply from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 8th. Mizuho increased their price objective on shares of Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Robert W. Baird boosted their target price on shares of Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Finally, Evercore ISI raised shares of Tractor Supply from a “hold” rating to an “outperform” rating and raised their price target for the stock from $60.00 to $65.00 in a report on Wednesday, November 5th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company 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.