Louisiana State Employees Retirement System Acquires New Position in Tractor Supply Company $TSCO

Louisiana State Employees Retirement System acquired a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,900 shares of the specialty retailer’s stock, valued at approximately $1,219,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSCO. Garner Asset Management Corp purchased a new position in shares of Tractor Supply in the fourth quarter worth about $25,000. Reflection Asset Management purchased a new stake in shares of Tractor Supply during the 4th quarter valued at approximately $26,000. Aventura Private Wealth LLC bought a new position in Tractor Supply in the 4th quarter worth approximately $27,000. Core Wealth Advisors LLC bought a new position in Tractor Supply in the 4th quarter worth approximately $27,000. Finally, Bayban purchased a new position in Tractor Supply in the 4th quarter valued at approximately $28,000. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Tractor Supply stock opened at $31.76 on Friday. The firm’s 50 day simple moving average is $31.46 and its 200 day simple moving average is $43.46. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $16.66 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 2.41 and a beta of 0.46. Tractor Supply Company has a 1-year low of $28.36 and a 1-year high of $63.99.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, analysts expect that Tractor Supply Company will post 2.11 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s dividend payout ratio (DPR) is 47.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Cowen reissued a “hold” rating and set a $38.00 target price (down from $53.00) on shares of Tractor Supply in a report on Monday, April 27th. Mizuho cut their price target on Tractor Supply from $58.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, April 22nd. Morgan Stanley reduced their price target on Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 22nd. Gordon Haskett boosted their price objective on Tractor Supply from $40.00 to $50.00 in a research note on Friday, June 12th. Finally, Bank of America assumed coverage on Tractor Supply in a report on Tuesday, April 7th. They set a “neutral” rating and a $47.00 price objective on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tractor Supply has a consensus rating of “Moderate Buy” and an average price target of $45.50.

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.