Hantz Financial Services Inc. Invests $56,000 in Tractor Supply (NASDAQ:TSCO)

Hantz Financial Services Inc. bought a new stake in Tractor Supply (NASDAQ:TSCO) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 209 shares of the specialty retailer’s stock, valued at approximately $56,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply during the first quarter worth about $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Tractor Supply in the fourth quarter valued at approximately $27,000. Rise Advisors LLC grew its position in shares of Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 66 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Tractor Supply in the 1st quarter valued at $28,000. Finally, J.Safra Asset Management Corp raised its position in Tractor Supply by 700.0% in the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 98 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on TSCO. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price target on shares of Tractor Supply in a report on Thursday, July 25th. Wedbush reissued a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a report on Friday, July 26th. Benchmark reaffirmed a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a report on Friday, July 26th. Wells Fargo & Company lifted their price objective on shares of Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Finally, Truist Financial raised their target price on shares of Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $256.58.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $267.55 on Tuesday. The stock has a market capitalization of $28.86 billion, a P/E ratio of 26.05, a PEG ratio of 3.36 and a beta of 0.80. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The business’s fifty day moving average price is $265.05 and its 200 day moving average price is $263.95. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $290.38.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the previous year, the business earned $3.83 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, research analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, August 26th. Tractor Supply’s dividend payout ratio is presently 42.84%.

Insider Activity at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the transaction, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.