Azzad Asset Management Inc. ADV Acquires 2,088 Shares of Tractor Supply (NASDAQ:TSCO)

Azzad Asset Management Inc. ADV raised its holdings in Tractor Supply (NASDAQ:TSCO) by 156.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,421 shares of the specialty retailer’s stock after buying an additional 2,088 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Tractor Supply were worth $995,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in Tractor Supply by 6.2% during the 3rd quarter. GAMMA Investing LLC now owns 2,226 shares of the specialty retailer’s stock valued at $648,000 after purchasing an additional 130 shares during the last quarter. Czech National Bank grew its holdings in Tractor Supply by 7.0% during the third quarter. Czech National Bank now owns 21,974 shares of the specialty retailer’s stock worth $6,393,000 after buying an additional 1,429 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Tractor Supply in the 2nd quarter valued at $13,353,000. Clearbridge Investments LLC lifted its stake in Tractor Supply by 67.4% during the 2nd quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock valued at $109,002,000 after acquiring an additional 162,533 shares in the last quarter. Finally, Fiera Capital Corp boosted its holdings in Tractor Supply by 41.8% during the 2nd quarter. Fiera Capital Corp now owns 25,521 shares of the specialty retailer’s stock worth $6,891,000 after acquiring an additional 7,523 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 weighed in on TSCO. Wells Fargo & Company raised their price target 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 target price on shares of Tractor Supply in a report on Thursday, July 25th. Wedbush reiterated a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a report on Friday, July 26th. Melius Research assumed coverage on Tractor Supply in a research note on Monday, September 23rd. They issued a “buy” rating and a $315.00 price objective for the company. Finally, 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 report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $261.70.

Insider Buying and Selling at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of the company’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 completion of the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the sale, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction dated 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 directly owns 5,170 shares in the company, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $293.86 on Tuesday. The stock has a market cap of $31.68 billion, a P/E ratio of 28.61, a PEG ratio of 3.74 and a beta of 0.80. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. The business’s 50-day moving average price is $272.26 and its two-hundred day moving average price is $269.51. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $298.36.

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

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid a $1.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a yield of 1.50%. 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.