Roundview Capital LLC Acquires 589 Shares of Tractor Supply (NASDAQ:TSCO)

Roundview Capital LLC increased its holdings in shares of Tractor Supply (NASDAQ:TSCOFree Report) by 5.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,567 shares of the specialty retailer’s stock after purchasing an additional 589 shares during the period. Roundview Capital LLC’s holdings in Tractor Supply were worth $2,487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wellington Management Group LLP increased its holdings in Tractor Supply by 9,370.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock worth $573,038,000 after purchasing an additional 2,792,352 shares in the last quarter. Norges Bank acquired a new position in Tractor Supply in the 4th quarter worth about $260,560,000. Invesco Ltd. increased its holdings in Tractor Supply by 76.7% in the 3rd quarter. Invesco Ltd. now owns 2,024,182 shares of the specialty retailer’s stock worth $411,010,000 after purchasing an additional 878,874 shares in the last quarter. Alecta Tjanstepension Omsesidigt increased its stake in shares of Tractor Supply by 87.5% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 750,000 shares of the specialty retailer’s stock valued at $161,272,000 after buying an additional 350,000 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Tractor Supply by 32,987.5% in the fourth quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock valued at $58,128,000 after buying an additional 269,508 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Telsey Advisory Group increased their price target on Tractor Supply from $280.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Truist Financial increased their price target on Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Raymond James increased their price target on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Guggenheim increased their price target on Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley raised their target price on Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $253.96.

Get Our Latest Analysis on TSCO

Insider Activity

In other news, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the transaction, the chief financial officer now owns 20,678 shares in the company, valued at $5,314,246. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Tractor Supply Stock Down 0.1 %

Shares of TSCO stock traded down $0.22 during trading hours on Thursday, reaching $280.80. The company had a trading volume of 730,150 shares, compared to its average volume of 1,132,873. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $287.89. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19. The business has a fifty day simple moving average of $265.24 and a 200-day simple moving average of $239.63. The company has a market cap of $30.27 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 3.67 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCOGet Free Report) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the company earned $1.65 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, research analysts expect that Tractor Supply will post 10.33 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th will be issued a $1.10 dividend. The ex-dividend date is Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.57%. Tractor Supply’s dividend payout ratio is presently 42.84%.

Tractor Supply Profile

(Free Report)

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and d├ęcor products consist of clothing, footwear, toys, snacks, and decorative merchandise.

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

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