5 Best Pet Stocks to Buy Now

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In this article, we will take a look at the 5 best pet stocks to buy now. To read our analysis of the recent market trends and activity, you can go to the 12 Best Pet Stocks to Buy Now.

5. Tractor Supply Company (NASDAQ:TSCO)

Number of Hedge Fund Holders: 28

Founded in 1938, Tractor Supply Company (NASDAQ:TSCO) is the largest rural lifestyle retailer in the U.S. It operates 2,198 Tractor Supply stores in 49 states and 195 Petsense by Tractor Supply stores in 23 states.

On October 26, Tractor Supply Company (NASDAQ:TSCO) released its financial results for Q3 2023. It generated revenues of $3.4 billion and net income of $255 million. The normalized EPS was recorded at $2.33 for the quarter, which exceeded consensus estimates by $0.04.

Tractor Supply Company (NASDAQ:TSCO) has a long history of regular quarterly payments to its shareholders. In addition, the company also increases its dividend payouts periodically. In February, it increased the payout by 12% to $1.03 which marked the 14th consecutive year of increasing dividend payouts.

According to the Insider Monkey data on 910 leading hedge funds, 28 hedge funds were long Tractor Supply Company (NASDAQ:TSCO) shares as of Q3 2023, with the total shares held by hedge funds valued at $415 million. Robert Joseph Caruso’s Select Equity Group was the largest hedge fund shareholder with ownership of 1.5 million shares valued at $301 million.

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