Commonwealth Equity Services LLC grew its holdings in shares of Tractor Supply (NASDAQ:TSCO – Free Report) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,968 shares of the specialty retailer’s stock after acquiring an additional 588 shares during the period. Commonwealth Equity Services LLC’s holdings in Tractor Supply were worth $8,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of TSCO. Synovus Financial Corp lifted its stake in Tractor Supply by 1.9% in the 1st quarter. Synovus Financial Corp now owns 5,006 shares of the specialty retailer’s stock worth $1,166,000 after purchasing an additional 93 shares in the last quarter. Cibc World Market Inc. boosted its stake in shares of Tractor Supply by 10.4% during the first quarter. Cibc World Market Inc. now owns 12,622 shares of the specialty retailer’s stock valued at $2,946,000 after purchasing an additional 1,186 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Tractor Supply by 12.1% during the first quarter. Sei Investments Co. now owns 75,163 shares of the specialty retailer’s stock valued at $17,565,000 after purchasing an additional 8,129 shares in the last quarter. Prudential PLC bought a new position in shares of Tractor Supply during the first quarter valued at approximately $611,000. Finally, Cetera Investment Advisers boosted its stake in shares of Tractor Supply by 15.8% during the first quarter. Cetera Investment Advisers now owns 6,238 shares of the specialty retailer’s stock valued at $1,456,000 after purchasing an additional 849 shares in the last quarter. Institutional investors own 90.38% of the company’s stock.
Analyst Ratings Changes
TSCO has been the topic of a number of recent research reports. Truist Financial dropped their price objective on shares of Tractor Supply from $280.00 to $275.00 in a research note on Wednesday, July 12th. Raymond James decreased their target price on shares of Tractor Supply from $270.00 to $255.00 in a research report on Monday, July 17th. Benchmark reissued a “buy” rating and set a $256.00 target price on shares of Tractor Supply in a research report on Monday, July 24th. Barclays cut shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $254.00 to $224.00 in a report on Monday, July 31st. Finally, Guggenheim decreased their price target on shares of Tractor Supply from $265.00 to $245.00 in a report on Thursday, June 29th. Ten equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $247.35.
Insider Transactions at Tractor Supply
In other news, CFO Kurt D. Barton sold 7,487 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $222.43, for a total transaction of $1,665,333.41. Following the transaction, the chief financial officer now directly owns 19,574 shares in the company, valued at approximately $4,353,844.82. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.24% of the company’s stock.
Tractor Supply Price Performance
Tractor Supply stock opened at $222.59 on Wednesday. Tractor Supply has a 12-month low of $181.40 and a 12-month high of $251.17. The stock has a market capitalization of $24.22 billion, a P/E ratio of 22.24, a P/E/G ratio of 2.74 and a beta of 0.81. The firm’s 50-day moving average is $219.14 and its two-hundred day moving average is $226.66. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.60 and a quick ratio of 0.41.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last released its quarterly earnings results on Thursday, July 27th. The specialty retailer reported $3.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.91 by ($0.08). Tractor Supply had a return on equity of 55.57% and a net margin of 7.52%. The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the prior year, the business earned $3.53 earnings per share. Tractor Supply’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts predict that Tractor Supply will post 10.27 earnings per share for the current year.
Tractor Supply Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, August 25th. This represents a $4.12 annualized dividend and a dividend yield of 1.85%. Tractor Supply’s payout ratio is currently 41.16%.
About Tractor Supply
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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