Dimensional Fund Advisors LP raised its holdings in Tractor Supply (NASDAQ:TSCO – Get Rating) by 0.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 941,572 shares of the specialty retailer’s stock after acquiring an additional 262 shares during the period. Dimensional Fund Advisors LP owned 0.84% of Tractor Supply worth $219,733,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Norges Bank purchased a new position in Tractor Supply during the fourth quarter worth approximately $263,044,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Tractor Supply by 137.3% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 652,483 shares of the specialty retailer’s stock valued at $155,682,000 after acquiring an additional 377,552 shares during the last quarter. Ardevora Asset Management LLP purchased a new stake in Tractor Supply during the first quarter valued at about $70,604,000. Victory Capital Management Inc. increased its stake in Tractor Supply by 257.0% during the first quarter. Victory Capital Management Inc. now owns 394,967 shares of the specialty retailer’s stock worth $88,810,000 after acquiring an additional 284,339 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Tractor Supply by 110.5% in the 4th quarter. Marshall Wace LLP now owns 445,440 shares of the specialty retailer’s stock worth $106,280,000 after purchasing an additional 233,810 shares during the period. Hedge funds and other institutional investors own 82.86% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently commented on TSCO shares. MKM Partners began coverage on shares of Tractor Supply in a report on Thursday, July 28th. They issued a “buy” rating and a $230.00 price target on the stock. Guggenheim reduced their price objective on Tractor Supply to $225.00 in a research note on Friday, July 22nd. Piper Sandler set a $253.00 target price on Tractor Supply in a research note on Tuesday, July 19th. Bank of America raised Tractor Supply from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $250.00 to $260.00 in a research report on Tuesday, June 14th. Finally, The Goldman Sachs Group lowered their price objective on shares of Tractor Supply from $260.00 to $207.00 and set a “buy” rating for the company in a research report on Monday, June 27th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $240.79.
Tractor Supply Trading Up 1.8 %
Tractor Supply (NASDAQ:TSCO – Get Rating) last issued its earnings results on Thursday, July 21st. The specialty retailer reported $3.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.02. The firm had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Tractor Supply had a net margin of 7.76% and a return on equity of 53.29%. Tractor Supply’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company posted $3.19 earnings per share. On average, equities analysts expect that Tractor Supply will post 9.58 earnings per share for the current year.
Tractor Supply Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Monday, August 22nd were issued a dividend of $0.92 per share. The ex-dividend date was Friday, August 19th. This represents a $3.68 annualized dividend and a yield of 1.84%. Tractor Supply’s payout ratio is 40.62%.
Tractor Supply Profile
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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