Veriti Management LLC increased its stake in Tractor Supply (NASDAQ: TSCOGet a rating) by 57.2% in the 1st quarter, Participation channel reports. The company held 2,491 shares of the specialty retailer’s stock after acquiring an additional 906 shares during the period. Veriti Management LLC’s holdings in Tractor Supply were worth $581,000 when it last filed with the Securities and Exchange Commission.

Other hedge funds also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. increased its stake in Tractor Supply by 194.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 106 shares of the specialty retailer valued at $25,000 after purchasing an additional 70 shares during the period. Gradient Investments LLC bought a new stake in shares of Tractor Supply in the fourth quarter worth $28,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new equity stake in Tractor Supply in the fourth quarter worth $29,000. CarsonAllaria Wealth Management Ltd. bought a new stake in shares of Tractor Supply in the fourth quarter worth $33,000. Finally, Atwood & Palmer Inc. purchased a new equity stake in Tractor Supply in the fourth quarter for $42,000. 83.17% of the shares are currently held by institutional investors and hedge funds.

A number of research companies have recently published reports on TSCO. Oppenheimer upgraded Tractor Supply from a “market performer” rating to an “outperformer” rating and set a $270.00 price target on the stock in a Friday, March 18 research note. They noted that the move was a review call. Bank of America downgraded Tractor Supply from a “neutral” rating to a “buy” rating and raised its price target for the company from $250.00 to $260.00 in a Tuesday 14 research note. June. Truist Financial cut its target price on Tractor Supply from $275.00 to $266.00 and set a “buy” rating on the stock in a Tuesday, June 7 research note. Raymond James raised his target price on Tractor Supply from $245.00 to $255.00 and gave the stock a “Strong Buy” rating in a Friday, April 22 research note. Finally, Morgan Stanley cut its price target on Tractor Supply from $235.00 to $220.00 and set an “equal weight” rating on the stock in a Monday, April 25 research note. Six analysts have assigned the stock a hold rating, thirteen have issued a buy rating and one has assigned the company’s stock a strong buy rating. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $243.56.

In related news, the director Cynthia T. Jamison sold 5,200 shares of the company in a transaction that took place on Thursday, May 12. The stock was sold at an average price of $195.10, for a total transaction of $1,014,520.00. Following completion of the transaction, the administrator now owns 24,280 shares of the company, valued at approximately $4,737,028. The transaction was disclosed in a document filed with the SEC, accessible via this link. 0.70% of the shares are held by insiders of the company.

NASDAQ TSCO opened at $202.97 on Friday. Tractor Supply has a fifty-two week low of $166.49 and a fifty-two week high of $241.54. The company has a debt ratio of 0.57, a quick ratio of 0.27 and a current ratio of 1.44. The stock has a 50-day simple moving average of $197.78 and a two-hundred-day simple moving average of $215.06. The stock has a market capitalization of $22.71 billion, a P/E ratio of 23.28, a price-to-earnings growth ratio of 2.00 and a beta of 1.04.

Tractor supply (NASDAQ: TSCOGet a rating) last announced its results on Thursday, April 21. The specialty retailer reported earnings per share (EPS) of $1.65 for the quarter, beating the consensus estimate of $1.40 by $0.25. Tractor Supply had a return on equity of 51.48% and a net margin of 7.74%. The company posted revenue of $3.02 billion in the quarter, versus analyst estimates of $2.92 billion. In the same quarter of the previous year, the company achieved EPS of $1.55. The company’s revenues increased by 8.3% compared to the same quarter last year. Sell-side analysts expect Tractor Supply to post earnings per share of 9.52 for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 8. Shareholders of record on Wednesday, May 25 received a dividend of $0.92. This represents an annualized dividend of $3.68 and a dividend yield of 1.81%. The ex-dividend date was Tuesday, May 24. Tractor Supply’s dividend payout ratio is currently 42.20%.

About Tractor Supply (Get a rating)

Tractor Supply Company operates as a rural lifestyle retailer 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, electrical equipment, gifts and toys; work/leisure clothing and footwear; and maintenance products for agricultural and rural use.

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ: TSCO)



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