Daiwa Securities Group Inc. Has $4.43 Million Stock Position in Tractor Supply (NASDAQ:TSCO)

Daiwa Securities Group Inc. boosted its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 6.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 16,410 shares of the specialty retailer’s stock after acquiring an additional 957 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Tractor Supply were worth $4,431,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Future Financial Wealth Managment LLC acquired a new stake in Tractor Supply during the 1st quarter worth approximately $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Tractor Supply during the fourth quarter worth $27,000. Rise Advisors LLC boosted its position in shares of Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 66 shares during the period. LRI Investments LLC acquired a new position in shares of Tractor Supply in the first quarter valued at about $28,000. Finally, J.Safra Asset Management Corp increased its position in Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 98 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TSCO. Benchmark restated a “buy” rating and set a $280.00 target price on shares of Tractor Supply in a research report on Friday, July 26th. Wells Fargo & Company raised their price objective on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Truist Financial upped their target price on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price target on shares of Tractor Supply in a research report on Thursday, July 25th. Finally, Evercore ISI reduced their price objective on shares of Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Tractor Supply has a consensus rating of “Hold” and a consensus target price of $256.72.

Tractor Supply Trading Up 1.2 %

TSCO opened at $279.49 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $290.38. The company’s 50 day moving average price is $266.16 and its two-hundred day moving average price is $265.52. The firm has a market capitalization of $30.15 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 3.40 and a beta of 0.80.

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

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s payout ratio is presently 42.84%.

Insider Buying and Selling at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the transaction, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

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.