Tractor Supply Company $TSCO Shares Acquired by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 1.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,603 shares of the specialty retailer’s stock after purchasing an additional 818 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Tractor Supply were worth $2,934,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TSCO. GW&K Investment Management LLC raised its stake in shares of Tractor Supply by 89.3% in the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock worth $26,000 after buying an additional 226 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Tractor Supply during the second quarter worth approximately $35,000. Financial Gravity Asset Management Inc. acquired a new position in Tractor Supply in the first quarter worth approximately $39,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Tractor Supply in the first quarter valued at $41,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Tractor Supply during the 1st quarter valued at $41,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Trading Up 0.2%

NASDAQ:TSCO opened at $56.37 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 capitalization of $29.87 billion, a P/E ratio of 27.10, a P/E/G ratio of 2.89 and a beta of 0.73. The stock’s 50 day moving average price is $58.11 and its 200 day moving average price is $55.18. Tractor Supply Company has a 52 week low of $46.85 and a 52 week 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, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $3.72 billion during 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 for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, research analysts forecast that Tractor Supply Company will post 2.17 EPS for the current fiscal 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. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%. Tractor Supply’s dividend payout ratio is presently 44.23%.

Analysts Set New Price Targets

TSCO has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Tractor Supply from $56.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, July 21st. DA Davidson set a $70.00 target price on shares of Tractor Supply in a research report on Friday. Morgan Stanley upgraded shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $50.00 to $60.00 in a research report on Friday. Evercore ISI lowered their price objective on shares of Tractor Supply from $65.00 to $60.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 7th. Finally, Wall Street Zen raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.68.

About Tractor Supply

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.