Versor Investments LP Buys Shares of 2,812 Tractor Supply (NASDAQ:TSCO)

Versor Investments LP bought a new stake in shares of Tractor Supply (NASDAQ:TSCO) in the second quarter, Holdings Channel reports. The fund bought 2,812 shares of the specialty retailer’s stock, valued at approximately $759,000.

Several other large investors also recently modified their holdings of TSCO. Wellington Management Group LLP lifted its holdings in Tractor Supply by 63.2% during the fourth quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock valued at $990,526,000 after purchasing an additional 1,784,304 shares during the last quarter. Norges Bank purchased a new stake in shares of Tractor Supply during the 4th quarter valued at approximately $260,560,000. Capital World Investors boosted its holdings in Tractor Supply by 10.0% in the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after buying an additional 531,170 shares during the period. Capital International Investors grew its stake in Tractor Supply by 7.6% in the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock valued at $1,340,589,000 after buying an additional 439,954 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Tractor Supply by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock valued at $871,691,000 after acquiring an additional 368,859 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Truist Financial raised their price target on Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Benchmark restated a “buy” rating and issued a $280.00 target price on shares of Tractor Supply in a research note on Friday, July 26th. Evercore ISI decreased their price target on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Wedbush reissued a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a report on Friday, July 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price objective on shares of Tractor Supply in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Tractor Supply presently has a consensus rating of “Hold” and an average target price of $256.58.

Insiders Place Their Bets

In other 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 transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $268.35 on Wednesday. The firm has a market capitalization of $28.95 billion, a PE ratio of 26.13, a price-to-earnings-growth 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. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $290.38. The business’s 50-day moving average price is $265.13 and its 200-day moving average price is $264.17.

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

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a 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%.

Tractor Supply Profile

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.