19,857 Tractor Supply Company $TSCO Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC raised its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 205.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,529 shares of the specialty retailer’s stock after purchasing an additional 19,857 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Tractor Supply were worth $924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TSCO. BlackRock Inc. purchased a new stake in shares of Tractor Supply during the 2nd quarter valued at about $1,500,967,000. Van ECK Associates Corp grew its position in Tractor Supply by 2,983.6% in the second quarter. Van ECK Associates Corp now owns 5,144,955 shares of the specialty retailer’s stock worth $162,632,000 after acquiring an additional 4,978,105 shares in the last quarter. Legal & General Group Plc purchased a new position in Tractor Supply in the second quarter worth about $110,137,000. Bank of America Corp DE purchased a new position in Tractor Supply in the second quarter worth about $105,502,000. Finally, Deutsche Bank AG bought a new stake in Tractor Supply during the second quarter worth approximately $103,881,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on TSCO. Morgan Stanley reissued a “negative” rating and set a $35.00 price objective on shares of Tractor Supply in a research note on Friday, July 24th. Truist Financial set a $33.00 price objective on Tractor Supply and gave the company a “hold” rating in a research note on Monday, October 19th. JPMorgan Chase & Co. lifted their target price on Tractor Supply from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, October 23rd. TD Cowen reiterated a “hold” rating and issued a $36.00 target price (up from $34.00) on shares of Tractor Supply in a report on Friday, October 23rd. Finally, Guggenheim set a $40.00 target price on Tractor Supply and gave the company a “buy” rating in a research report on Friday, July 24th. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $38.62.

Insider Buying and Selling

In other Tractor Supply news, Director Edna Morris acquired 1,560 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $32.44 per share, with a total value of $50,606.40. Following the transaction, the director directly owned 279,720 shares of the company’s stock, valued at $9,074,116.80. The trade was a 0.56% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Harry A. Lawton III bought 15,600 shares of Tractor Supply stock in a transaction on Tuesday, August 4th. The stock was acquired at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the purchase, the chief executive officer 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. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 20,310 shares of company stock valued at $652,411. Insiders own 0.64% of the company’s stock.

Tractor Supply Stock Up 0.9%

Shares of NASDAQ TSCO opened at $33.94 on Friday. Tractor Supply Company has a 1 year low of $28.36 and a 1 year high of $56.94. The firm has a 50-day simple moving average of $33.29 and a two-hundred day simple moving average of $38.27. The company has a market cap of $17.80 billion, a P/E ratio of 18.25, a PEG ratio of 3.52 and a beta of 0.52. 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 (NASDAQ:TSCO) last released its earnings results on Thursday, October 22nd. The specialty retailer reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Tractor Supply had a return on equity of 40.05% and a net margin of 6.13%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Research analysts anticipate that Tractor Supply Company will post 1.94 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is currently 51.61%.

Tractor Supply Company Profile

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.