First Nebraska Trust Co acquired a new stake in Tractor Supply Company (NASDAQ:TSCO – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,135 shares of the specialty retailer’s stock, valued at approximately $1,456,000.
Several other large investors also recently modified their holdings of the business. Garner Asset Management Corp acquired a new position in shares of Tractor Supply in the fourth quarter worth about $25,000. Reflection Asset Management acquired a new stake in Tractor Supply during the 4th quarter valued at approximately $26,000. Core Wealth Advisors LLC acquired a new stake in Tractor Supply during the 4th quarter valued at approximately $27,000. Bayban purchased a new stake in Tractor Supply during the 4th quarter worth approximately $28,000. Finally, JPL Wealth Management LLC purchased a new stake in Tractor Supply during the 3rd quarter worth approximately $28,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.
Tractor Supply Price Performance
Shares of NASDAQ TSCO opened at $30.77 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 10.01 and a beta of 0.46. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $62.89. The business has a 50 day simple moving average of $30.58 and a 200-day simple moving average of $40.55.
Tractor Supply Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s dividend payout ratio (DPR) is presently 50.00%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Raymond James Financial reduced their target price on Tractor Supply from $48.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Barclays set a $35.00 price target on shares of Tractor Supply and gave the stock an “equal weight” rating in a research note on Monday, July 13th. Wall Street Zen cut shares of Tractor Supply from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Jefferies Financial Group reiterated a “buy” rating and set a $51.00 price objective on shares of Tractor Supply in a research note on Tuesday, April 21st. Finally, Daiwa Securities Group decreased their price objective on shares of Tractor Supply from $52.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Thirteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.31.
View Our Latest Stock Report on TSCO
Tractor Supply Company Profile
Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.
Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.
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