Compass Wealth Management LLC Invests $1.44 Million in Tractor Supply Company $TSCO

Compass Wealth Management LLC acquired a new stake in Tractor Supply Company (NASDAQ:TSCO) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 25,351 shares of the specialty retailer’s stock, valued at approximately $1,442,000.

Other large investors have also recently bought and sold shares of the company. Delos Wealth Advisors LLC bought a new position in Tractor Supply during the second quarter valued at about $26,000. Financial Gravity Companies Inc. acquired a new position in shares of Tractor Supply during the 2nd quarter valued at about $38,000. Clayton Financial Group LLC bought a new position in shares of Tractor Supply in the 3rd quarter valued at approximately $44,000. First Horizon Corp acquired a new stake in Tractor Supply in the 3rd quarter worth approximately $44,000. Finally, Evelyn Partners Asset Management Ltd bought a new stake in Tractor Supply during the second quarter worth approximately $46,000. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Trading Up 1.6%

Shares of TSCO opened at $55.56 on Tuesday. The stock’s 50-day moving average price is $52.28 and its 200 day moving average price is $55.78. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The firm has a market capitalization of $29.36 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 2.56 and a beta of 0.74.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, November 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 44.23%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TSCO shares. Citigroup reissued a “buy” rating and issued a $61.00 price target (down previously from $66.00) on shares of Tractor Supply in a research report on Friday, January 16th. TD Cowen dropped their target price on shares of Tractor Supply from $62.00 to $55.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Evercore ISI raised shares of Tractor Supply from a “hold” rating to an “outperform” rating and boosted their target price for the stock from $60.00 to $65.00 in a research report on Wednesday, November 5th. Stephens set a $53.00 price target on Tractor Supply and gave the company an “equal weight” rating in a research report on Thursday. Finally, Morgan Stanley raised Tractor Supply from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $50.00 to $60.00 in a research report on Friday, October 24th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.81.

Tractor Supply Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.