Tractor Supply (NASDAQ:TSCO) Shares Bought by Fort Pitt Capital Group LLC

Fort Pitt Capital Group LLC raised its holdings in Tractor Supply (NASDAQ:TSCOFree Report) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,153 shares of the specialty retailer’s stock after buying an additional 6,141 shares during the period. Tractor Supply comprises about 2.6% of Fort Pitt Capital Group LLC’s holdings, making the stock its 16th largest position. Fort Pitt Capital Group LLC owned 0.30% of Tractor Supply worth $83,529,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ballentine Partners LLC grew its holdings in shares of Tractor Supply by 338.5% during the first quarter. Ballentine Partners LLC now owns 4,411 shares of the specialty retailer’s stock worth $1,154,000 after buying an additional 3,405 shares during the last quarter. Security Financial Services INC. purchased a new position in shares of Tractor Supply during the first quarter worth about $277,000. &PARTNERS purchased a new position in shares of Tractor Supply during the first quarter worth about $463,000. Sanders Morris Harris LLC purchased a new position in shares of Tractor Supply during the first quarter worth about $360,000. Finally, Running Oak Capital LLC grew its holdings in shares of Tractor Supply by 10.8% during the first quarter. Running Oak Capital LLC now owns 42,838 shares of the specialty retailer’s stock worth $11,212,000 after buying an additional 4,184 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TSCO. Barclays lifted their price objective on Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. TD Cowen lifted their price objective on Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, April 26th. Truist Financial lifted their price objective on Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a report on Friday, April 26th. JPMorgan Chase & Co. boosted their price target on Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Finally, Benchmark reissued a “buy” rating and set a $256.00 price target on shares of Tractor Supply in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $254.17.

Get Our Latest Analysis on TSCO

Tractor Supply Trading Up 0.5 %

Shares of TSCO traded up $1.33 during trading hours on Friday, hitting $281.56. The stock had a trading volume of 1,755,488 shares, compared to its average volume of 943,746. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. The firm has a market cap of $30.35 billion, a P/E ratio of 27.42, a P/E/G ratio of 3.65 and a beta of 0.83. The company’s fifty day simple moving average is $272.67 and its 200 day simple moving average is $248.71. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $290.38.

Tractor Supply (NASDAQ:TSCOGet Free Report) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.13. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company posted $1.65 EPS. Equities research analysts forecast that Tractor Supply will post 10.34 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were issued a $1.10 dividend. The ex-dividend date was Friday, May 24th. This represents a $4.40 annualized dividend and a yield of 1.56%. Tractor Supply’s dividend payout ratio is currently 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 décor 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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