SRB Corp bought a new stake in shares of Tractor Supply (NASDAQ:TSCO) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,667 shares of the specialty retailer’s stock, valued at approximately $750,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hammer Asset Management LLC increased its stake in shares of Tractor Supply by 0.3% during the first quarter. Hammer Asset Management LLC now owns 45,735 shares of the specialty retailer’s stock worth $4,471,000 after purchasing an additional 121 shares in the last quarter. Valley National Advisers Inc. grew its stake in shares of Tractor Supply by 1.5% in the 4th quarter. Valley National Advisers Inc. now owns 10,008 shares of the specialty retailer’s stock valued at $835,000 after buying an additional 149 shares during the period. Advisor Group Inc. grew its stake in shares of Tractor Supply by 0.5% in the 1st quarter. Advisor Group Inc. now owns 30,946 shares of the specialty retailer’s stock valued at $3,028,000 after buying an additional 164 shares during the period. Resources Management Corp CT ADV grew its stake in shares of Tractor Supply by 2.3% in the 4th quarter. Resources Management Corp CT ADV now owns 7,750 shares of the specialty retailer’s stock valued at $646,000 after buying an additional 175 shares during the period. Finally, LS Investment Advisors LLC grew its stake in shares of Tractor Supply by 3.8% in the 4th quarter. LS Investment Advisors LLC now owns 4,929 shares of the specialty retailer’s stock valued at $411,000 after buying an additional 181 shares during the period. Institutional investors own 81.97% of the company’s stock.
Several analysts have recently weighed in on TSCO shares. Morgan Stanley increased their price target on shares of Tractor Supply from $96.00 to $104.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Wells Fargo & Co increased their price target on shares of Tractor Supply from $102.00 to $108.00 and gave the company an “outperform” rating in a research note on Thursday, February 14th. Loop Capital increased their price target on shares of Tractor Supply to $106.00 and gave the company a “hold” rating in a research note on Monday, April 15th. Gordon Haskett raised shares of Tractor Supply from an “accumulate” rating to a “buy” rating in a research note on Thursday, March 21st. Finally, BidaskClub raised shares of Tractor Supply from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $98.42.
Shares of TSCO stock traded up $1.25 during trading hours on Thursday, hitting $108.53. The company had a trading volume of 9,656 shares, compared to its average volume of 1,094,511. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.15 and a current ratio of 1.58. Tractor Supply has a fifty-two week low of $73.46 and a fifty-two week high of $109.67. The firm has a market cap of $12.95 billion, a P/E ratio of 25.17, a P/E/G ratio of 1.98 and a beta of 1.07.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.63 EPS for the quarter, topping the consensus estimate of $0.56 by $0.07. Tractor Supply had a net margin of 6.68% and a return on equity of 36.16%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business posted $0.57 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, research analysts predict that Tractor Supply will post 4.77 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were issued a $0.35 dividend. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.31. This represents a $1.40 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Friday, May 24th. Tractor Supply’s dividend payout ratio is currently 32.48%.
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Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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