Tractor Supply Company $TSCO Stock Acquired by SS&H Financial Advisors Inc.

SS&H Financial Advisors Inc. lifted its position in Tractor Supply Company (NASDAQ:TSCO) by 32.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 150,036 shares of the specialty retailer’s stock after buying an additional 36,350 shares during the period. Tractor Supply comprises 1.2% of SS&H Financial Advisors Inc.’s portfolio, making the stock its 20th largest holding. SS&H Financial Advisors Inc.’s holdings in Tractor Supply were worth $4,695,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TSCO. Soltis Investment Advisors LLC raised its holdings in Tractor Supply by 205.3% in the 3rd quarter. Soltis Investment Advisors LLC now owns 29,529 shares of the specialty retailer’s stock worth $924,000 after acquiring an additional 19,857 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in Tractor Supply in the 3rd quarter valued at approximately $70,000. Generali Asset Management SPA SGR lifted its position in Tractor Supply by 26.7% in the 3rd quarter. Generali Asset Management SPA SGR now owns 89,111 shares of the specialty retailer’s stock valued at $2,788,000 after acquiring an additional 18,804 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Tractor Supply by 3.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 227,008 shares of the specialty retailer’s stock valued at $7,103,000 after purchasing an additional 7,720 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Tractor Supply by 59.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 71,820 shares of the specialty retailer’s stock valued at $2,247,000 after purchasing an additional 26,637 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

TSCO stock opened at $33.65 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.20. Tractor Supply Company has a 1 year low of $28.36 and a 1 year high of $56.94. The company has a market cap of $17.65 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 3.28 and a beta of 0.52. The stock’s fifty day moving average price is $33.31 and its 200-day moving average price is $38.36.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Tractor Supply had a return on equity of 40.05% and a net margin of 6.13%. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. Tractor Supply’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Tractor Supply Company will post 1.94 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.96 annualized dividend and a dividend yield of 2.9%. Tractor Supply’s dividend payout ratio is presently 51.61%.

Insider Activity

In other Tractor Supply news, CEO Harry Lawton, III acquired 15,600 shares of the stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the purchase, the chief executive officer directly owned 15,600 shares of the company’s stock, valued at approximately $501,540. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edna Morris acquired 1,560 shares of the stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the purchase, the director directly owned 279,720 shares in the company, valued at approximately $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 20,310 shares of company stock valued at $652,411 in the last quarter. 0.64% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Piper Sandler set a $35.00 target price on Tractor Supply in a report on Friday, October 23rd. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price target (up from $35.00) on shares of Tractor Supply in a research note on Monday, October 19th. JPMorgan Chase & Co. upped their price target on Tractor Supply from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. Morgan Stanley reaffirmed a “negative” rating and set a $35.00 price objective on shares of Tractor Supply in a research report on Friday, July 24th. Finally, Guggenheim set a $40.00 price objective on Tractor Supply and gave the company a “buy” rating in a research report on Friday, July 24th. Thirteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $38.62.

About Tractor Supply

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.