North Dakota State Investment Board Takes Position in Tractor Supply Company $TSCO

North Dakota State Investment Board purchased a new stake in Tractor Supply Company (NASDAQ:TSCO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,233 shares of the specialty retailer’s stock, valued at approximately $912,000.

Other institutional investors have also made changes to their positions in the company. Garner Asset Management Corp bought a new position in shares of Tractor Supply in the fourth quarter valued at about $25,000. Aventura Private Wealth LLC bought a new position in shares of Tractor Supply in the fourth quarter valued at about $27,000. JPL Wealth Management LLC bought a new position in shares of Tractor Supply in the third quarter valued at about $28,000. Valley Wealth Managers Inc. bought a new position in shares of Tractor Supply in the fourth quarter valued at about $32,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Tractor Supply in the fourth quarter valued at about $35,000. 98.72% of the stock is owned by institutional investors.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $31.69 on Thursday. 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 stock has a market capitalization of $16.62 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.79 and a beta of 0.51. The business has a 50-day moving average price of $40.86 and a two-hundred day moving average price of $48.59. Tractor Supply Company has a 1-year low of $29.42 and a 1-year high of $63.99.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Equities analysts predict that Tractor Supply Company will post 2.14 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.0%. Tractor Supply’s dividend payout ratio is 47.06%.

Analysts Set New Price Targets

Several analysts have weighed in on TSCO shares. Citigroup dropped their price objective on Tractor Supply from $55.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. The Goldman Sachs Group dropped their price objective on Tractor Supply from $59.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Robert W. Baird set a $60.00 price objective on Tractor Supply and gave the stock an “outperform” rating in a report on Friday, April 17th. Gordon Haskett dropped their price objective on Tractor Supply from $50.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Finally, Barclays dropped their price objective on Tractor Supply from $51.00 to $44.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average price target of $47.19.

Tractor Supply Profile

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.