Tractor Supply Company $TSCO Shares Sold by Navera Investment Management Ltd.

Navera Investment Management Ltd. lessened its stake in Tractor Supply Company (NASDAQ:TSCO) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,285,477 shares of the specialty retailer’s stock after selling 81,854 shares during the period. Tractor Supply accounts for 5.8% of Navera Investment Management Ltd.’s portfolio, making the stock its 7th largest holding. Navera Investment Management Ltd. owned about 1.00% of Tractor Supply worth $300,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Tractor Supply by 1.6% in the second quarter. Vanguard Group Inc. now owns 67,679,109 shares of the specialty retailer’s stock valued at $3,571,427,000 after acquiring an additional 1,047,687 shares during the last quarter. State Street Corp boosted its stake in Tractor Supply by 0.7% during the 2nd quarter. State Street Corp now owns 23,002,120 shares of the specialty retailer’s stock worth $1,213,822,000 after acquiring an additional 150,392 shares during the last quarter. Geode Capital Management LLC boosted its stake in Tractor Supply by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 15,367,775 shares of the specialty retailer’s stock worth $808,341,000 after acquiring an additional 316,595 shares during the last quarter. Invesco Ltd. increased its position in shares of Tractor Supply by 123.4% in the 2nd quarter. Invesco Ltd. now owns 15,079,313 shares of the specialty retailer’s stock valued at $795,735,000 after buying an additional 8,329,462 shares in the last quarter. Finally, Select Equity Group L.P. increased its position in shares of Tractor Supply by 41.9% in 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 buying an additional 3,753,414 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Trading Up 0.6%

Shares of NASDAQ:TSCO opened at $51.01 on Friday. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The business has a 50 day moving average of $52.56 and a 200-day moving average of $55.90. 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 stock has a market cap of $26.95 billion, a PE ratio of 24.52, a P/E/G ratio of 2.38 and a beta of 0.74.

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 the consensus estimate of $0.48 by $0.01. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the firm posted $0.45 EPS. The firm’s revenue for the quarter 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 forecast that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were paid a $0.23 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.92 annualized dividend and a yield of 1.8%. Tractor Supply’s payout ratio is 44.23%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. UBS Group set a $57.00 target price on Tractor Supply and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley upgraded Tractor Supply from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $50.00 to $60.00 in a report on Friday, October 24th. Evercore ISI raised Tractor Supply from a “hold” rating to an “outperform” rating and lifted their target price for the company from $60.00 to $65.00 in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Tractor Supply in a research note on Monday, December 29th. Finally, Truist Financial set a $55.00 price objective on shares of Tractor Supply and gave the company a “hold” rating in a report on Friday. Fourteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.85.

About Tractor Supply

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.