Tractor Supply (NASDAQ:TSCO) Stake Raised by Private Advisor Group LLC

Private Advisor Group LLC increased its holdings in Tractor Supply (NASDAQ:TSCO) by 7.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,656 shares of the specialty retailer’s stock after buying an additional 540 shares during the quarter. Private Advisor Group LLC’s holdings in Tractor Supply were worth $2,067,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TSCO. NBC Securities Inc. raised its position in shares of Tractor Supply by 41.5% during the 4th quarter. NBC Securities Inc. now owns 498 shares of the specialty retailer’s stock worth $107,000 after buying an additional 146 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in Tractor Supply by 1.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,056 shares of the specialty retailer’s stock worth $1,087,000 after purchasing an additional 95 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Tractor Supply by 4.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 106,886 shares of the specialty retailer’s stock valued at $22,729,000 after purchasing an additional 4,380 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Tractor Supply by 3.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 9,921 shares of the specialty retailer’s stock valued at $2,133,000 after purchasing an additional 322 shares during the period. Finally, Panagora Asset Management Inc. raised its stake in shares of Tractor Supply by 147.9% in the 4th quarter. Panagora Asset Management Inc. now owns 5,932 shares of the specialty retailer’s stock worth $1,276,000 after buying an additional 3,539 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Insider Activity at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction on Monday, August 12th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by company insiders.

Tractor Supply Price Performance

TSCO opened at $282.96 on Friday. The stock has a fifty day moving average price of $266.57 and a 200 day moving average price of $265.80. 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 1 year low of $185.00 and a 1 year high of $290.38. The stock has a market cap of $30.52 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 3.47 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 analyst estimates of $4.28 billion. During the same period in the previous year, the company earned $3.83 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. Analysts forecast that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were issued a dividend of $1.10 per share. The ex-dividend date was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.55%. Tractor Supply’s dividend payout ratio is currently 42.84%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Truist Financial raised their target price on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Tractor Supply in a research report on Thursday, July 25th. Benchmark reiterated a “buy” rating and issued a $280.00 target price on shares of Tractor Supply in a report on Friday, July 26th. Loop Capital raised their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Finally, Wells Fargo & Company upped their price target on Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $256.72.

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.