B. Riley Wealth Advisors Inc. Has $1.44 Million Position in Tractor Supply (NASDAQ:TSCO)

B. Riley Wealth Advisors Inc. grew its holdings in Tractor Supply (NASDAQ:TSCO – Get Rating) by 70.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,740 shares of the specialty retailer’s stock after purchasing an additional 3,201 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Tractor Supply were worth $1,439,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSCO. Wagner Wealth Management LLC bought a new stake in shares of Tractor Supply in the second quarter valued at about $30,000. Guardian Wealth Advisors LLC bought a new stake in shares of Tractor Supply in the third quarter valued at about $34,000. CoreFirst Bank & Trust bought a new stake in shares of Tractor Supply in the second quarter valued at about $39,000. Trust Co. of Vermont lifted its stake in shares of Tractor Supply by 90.1% in the third quarter. Trust Co. of Vermont now owns 211 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 100 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Tractor Supply by 157.8% in the second quarter. Brown Brothers Harriman & Co. now owns 214 shares of the specialty retailer’s stock valued at $41,000 after buying an additional 131 shares during the period. 84.13% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $232.44 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.33 and a quick ratio of 0.19. The firm has a market cap of $25.58 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.22 and a beta of 0.83. The firm has a 50 day simple moving average of $227.70 and a 200 day simple moving average of $214.70. Tractor Supply has a fifty-two week low of $166.49 and a fifty-two week high of $241.54.

Tractor Supply (NASDAQ:TSCO – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The specialty retailer reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $0.08. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.88 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 56.65%. Tractor Supply’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.93 earnings per share. Sell-side analysts predict that Tractor Supply will post 10.47 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 14th. Shareholders of record on Monday, February 27th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Friday, February 24th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.92. Tractor Supply’s payout ratio is currently 42.43%.

Insiders Place Their Bets

In other Tractor Supply news, EVP Melissa Kersey sold 1,700 shares of Tractor Supply stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $237.57, for a total transaction of $403,869.00. Following the completion of the sale, the executive vice president now owns 8,051 shares of the company’s stock, valued at approximately $1,912,676.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Tractor Supply news, EVP Melissa Kersey sold 1,700 shares of Tractor Supply stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $237.57, for a total transaction of $403,869.00. Following the completion of the sale, the executive vice president now owns 8,051 shares of the company’s stock, valued at approximately $1,912,676.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew L. Rubin sold 2,001 shares of Tractor Supply stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $237.01, for a total transaction of $474,257.01. Following the sale, the senior vice president now directly owns 3,658 shares of the company’s stock, valued at approximately $866,982.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,091 shares of company stock valued at $8,840,560. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on TSCO shares. Piper Sandler raised their price target on shares of Tractor Supply from $256.00 to $264.00 in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Tractor Supply from $219.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, January 27th. Gordon Haskett upgraded shares of Tractor Supply from an “accumulate” rating to a “buy” rating and raised their price target for the stock from $235.00 to $255.00 in a research note on Friday, February 10th. BNP Paribas upgraded shares of Tractor Supply from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 12th. Finally, Wells Fargo & Company raised their price target on shares of Tractor Supply from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Monday, December 5th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tractor Supply presently has an average rating of “Moderate Buy” and an average target price of $246.10.

About Tractor Supply

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Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.