Integrated Advisors Network LLC Boosts Stake in Tractor Supply (NASDAQ:TSCO)

Integrated Advisors Network LLC lifted its position in shares of Tractor Supply (NASDAQ:TSCO) by 0.8% during the 4th quarter, HoldingsChannel reports. The fund owned 7,463 shares of the specialty retailer’s stock after purchasing an additional 59 shares during the period. Integrated Advisors Network LLC’s holdings in Tractor Supply were worth $1,605,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Scotia Capital Inc. raised its position in shares of Tractor Supply by 792.9% during the 4th quarter. Scotia Capital Inc. now owns 19,438 shares of the specialty retailer’s stock worth $4,180,000 after purchasing an additional 17,261 shares during the last quarter. WCM Investment Management LLC acquired a new position in shares of Tractor Supply during the 4th quarter worth about $782,000. Intech Investment Management LLC acquired a new position in shares of Tractor Supply during the 4th quarter worth about $346,000. Todd Asset Management LLC acquired a new stake in Tractor Supply in the 4th quarter valued at about $21,571,000. Finally, Impax Asset Management Group plc raised its holdings in Tractor Supply by 2,120.1% in the 4th quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock valued at $26,194,000 after acquiring an additional 116,330 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Stock Down 0.4 %

NASDAQ TSCO traded down $1.23 during trading on Friday, reaching $280.25. 931,653 shares of the company’s stock were exchanged, compared to its average volume of 1,049,936. The stock has a market cap of $30.21 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 3.65 and a beta of 0.83. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $287.89. The company has a 50 day moving average price of $269.06 and a two-hundred day moving average price of $245.33.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.65 EPS. On average, equities research analysts anticipate that Tractor Supply will post 10.34 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.57%. Tractor Supply’s payout ratio is 42.84%.

Analyst Upgrades and Downgrades

A number of analysts have commented on TSCO shares. Barclays increased their price objective on shares of Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Wedbush reiterated a “neutral” rating and issued a $235.00 price objective on shares of Tractor Supply in a report on Tuesday, April 23rd. Telsey Advisory Group increased their price objective on shares of Tractor Supply from $280.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Raymond James increased their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Mizuho reissued a “neutral” rating and issued a $250.00 price target (up previously from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $253.96.

Tractor Supply Profile

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 décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.