Marshall Wace LLP Has $164.18 Million Stake in Tractor Supply Company $TSCO

Marshall Wace LLP lifted its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 53.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,111,311 shares of the specialty retailer’s stock after buying an additional 1,080,549 shares during the period. Marshall Wace LLP owned about 0.59% of Tractor Supply worth $164,184,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in Tractor Supply during the 2nd quarter worth approximately $35,000. Financial Gravity Companies Inc. bought a new stake in shares of Tractor Supply in the second quarter worth $38,000. Zions Bancorporation National Association UT acquired a new position in Tractor Supply during the first quarter worth $41,000. Evelyn Partners Asset Management Ltd acquired a new position in Tractor Supply during the second quarter worth $46,000. Finally, Whittier Trust Co. grew its position in Tractor Supply by 79.8% in the second quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 399 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO opened at $54.38 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $28.73 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.79 and a beta of 0.72. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The stock has a 50 day moving average of $54.70 and a 200-day moving average of $55.78.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $3.72 billion. During the same quarter last year, the firm posted $0.45 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, equities research analysts predict 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 will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be paid a $0.23 dividend. The ex-dividend date is Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. Tractor Supply’s dividend payout ratio is 44.23%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TSCO. Wells Fargo & Company reissued an “overweight” rating and set a $65.00 price target on shares of Tractor Supply in a research report on Thursday, October 23rd. Citigroup raised their price target on Tractor Supply from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Tractor Supply in a research report on Monday. Jefferies Financial Group upgraded Tractor Supply from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 target price on shares of Tractor Supply in a research note on Thursday, October 23rd. Sixteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.