Golden State Wealth Management LLC trimmed its stake in shares of Tractor Supply (NASDAQ:TSCO – Get Rating) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,522 shares of the specialty retailer’s stock after selling 86 shares during the period. Golden State Wealth Management LLC’s holdings in Tractor Supply were worth $588,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Independent Wealth Network Inc. lifted its holdings in Tractor Supply by 5.2% during the first quarter. Independent Wealth Network Inc. now owns 925 shares of the specialty retailer’s stock valued at $216,000 after purchasing an additional 46 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in Tractor Supply by 1.9% during the first quarter. DAVENPORT & Co LLC now owns 2,666 shares of the specialty retailer’s stock valued at $622,000 after purchasing an additional 50 shares in the last quarter. BDO Wealth Advisors LLC lifted its stake in shares of Tractor Supply by 78.1% in the first quarter. BDO Wealth Advisors LLC now owns 114 shares of the specialty retailer’s stock worth $27,000 after buying an additional 50 shares in the last quarter. Mather Group LLC. boosted its position in Tractor Supply by 5.0% during the fourth quarter. Mather Group LLC. now owns 1,180 shares of the specialty retailer’s stock worth $282,000 after acquiring an additional 56 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC grew its stake in Tractor Supply by 2.0% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 3,040 shares of the specialty retailer’s stock valued at $709,000 after acquiring an additional 59 shares in the last quarter. 82.86% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on TSCO. Wells Fargo & Company dropped their price target on Tractor Supply to $250.00 in a research report on Friday, July 22nd. The Goldman Sachs Group dropped their price target on Tractor Supply from $260.00 to $207.00 and set a “buy” rating for the company in a research report on Monday, June 27th. Morgan Stanley upped their price objective on Tractor Supply from $220.00 to $225.00 and gave the company an “equal weight” rating in a report on Thursday, August 18th. Bank of America upgraded Tractor Supply from a “neutral” rating to a “buy” rating and upped their price objective for the company from $250.00 to $260.00 in a report on Tuesday, June 14th. Finally, Piper Sandler set a $253.00 price objective on Tractor Supply in a report on Tuesday, July 19th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $240.79.
Tractor Supply Stock Down 2.4 %
Tractor Supply (NASDAQ:TSCO – Get Rating) last released its quarterly earnings data on Thursday, July 21st. The specialty retailer reported $3.53 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.02. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.89 billion. Tractor Supply had a return on equity of 53.29% and a net margin of 7.76%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $3.19 EPS. On average, research analysts forecast that Tractor Supply will post 9.58 EPS for the current year.
Tractor Supply Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Monday, August 22nd were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Friday, August 19th. Tractor Supply’s dividend payout ratio is presently 40.62%.
Tractor Supply Company 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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