Tractor Supply (NASDAQ:TSCO) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC increased its stake in shares of Tractor Supply (NASDAQ:TSCOFree Report) by 0.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 167,190 shares of the specialty retailer’s stock after purchasing an additional 991 shares during the quarter. Corient Private Wealth LLC’s holdings in Tractor Supply were worth $33,950,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Koshinski Asset Management Inc. raised its stake in Tractor Supply by 2.4% during the 2nd quarter. Koshinski Asset Management Inc. now owns 1,904 shares of the specialty retailer’s stock worth $421,000 after acquiring an additional 45 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Tractor Supply by 17.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 327 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 49 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in Tractor Supply by 2.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,503 shares of the specialty retailer’s stock worth $553,000 after purchasing an additional 51 shares during the last quarter. Heartland Bank & Trust Co grew its position in Tractor Supply by 1.7% during the 3rd quarter. Heartland Bank & Trust Co now owns 3,038 shares of the specialty retailer’s stock worth $617,000 after purchasing an additional 52 shares during the last quarter. Finally, Allen Capital Group LLC grew its position in Tractor Supply by 0.6% during the 3rd quarter. Allen Capital Group LLC now owns 8,869 shares of the specialty retailer’s stock worth $1,805,000 after purchasing an additional 53 shares during the last quarter. 90.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on TSCO. Raymond James lowered their price objective on shares of Tractor Supply from $255.00 to $235.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, October 10th. Barclays lowered their target price on shares of Tractor Supply from $224.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Monday, October 23rd. Oppenheimer downgraded shares of Tractor Supply from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $280.00 to $210.00 in a report on Friday, October 13th. Wolfe Research assumed coverage on shares of Tractor Supply in a report on Friday, September 29th. They issued an “outperform” rating and a $239.00 price target on the stock. Finally, Morgan Stanley reissued an “underweight” rating and set a $195.00 price objective on shares of Tractor Supply in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $232.79.

View Our Latest Analysis on Tractor Supply

Tractor Supply Stock Up 0.6 %

TSCO traded up $1.29 during trading hours on Friday, reaching $227.62. 1,077,906 shares of the stock traded hands, compared to its average volume of 1,395,651. The firm’s fifty day simple moving average is $214.38 and its two-hundred day simple moving average is $211.85. The company has a market cap of $24.61 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 3.29 and a beta of 0.81. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $251.17. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.52 and a quick ratio of 0.30.

Tractor Supply (NASDAQ:TSCOGet Free Report) last released its quarterly earnings results on Thursday, October 26th. The specialty retailer reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.06. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.46 billion. Tractor Supply had a net margin of 7.58% and a return on equity of 55.43%. As a group, analysts forecast that Tractor Supply will post 10.04 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Monday, November 27th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 1.81%. The ex-dividend date was Friday, November 24th. Tractor Supply’s dividend payout ratio is currently 40.23%.

Tractor Supply Company Profile

(Free Report)

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, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

Featured Articles

Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply (NASDAQ:TSCOFree Report).

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

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.