Chesley Taft & Associates LLC Raises Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Chesley Taft & Associates LLC boosted its holdings in Tractor Supply (NASDAQ:TSCO) by 2.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,299 shares of the specialty retailer’s stock after purchasing an additional 545 shares during the period. Chesley Taft & Associates LLC’s holdings in Tractor Supply were worth $6,098,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSCO. Wellington Management Group LLP lifted its holdings in Tractor Supply by 9,370.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock worth $573,038,000 after buying an additional 2,792,352 shares during the last quarter. Norges Bank acquired a new stake in Tractor Supply in the 4th quarter valued at approximately $260,560,000. Capital World Investors increased its position in Tractor Supply by 10.0% in the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock valued at $1,257,751,000 after acquiring an additional 531,170 shares during the period. Capital International Investors increased its position in Tractor Supply by 7.6% in the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock valued at $1,340,589,000 after acquiring an additional 439,954 shares during the period. Finally, Alecta Tjanstepension Omsesidigt increased its position in Tractor Supply by 87.5% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 750,000 shares of the specialty retailer’s stock valued at $161,272,000 after acquiring an additional 350,000 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Shares of Tractor Supply stock traded up $0.55 during trading on Thursday, reaching $267.55. The company’s stock had a trading volume of 2,119,681 shares, compared to its average volume of 1,159,921. 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 business’s fifty day moving average price is $274.16 and its 200-day moving average price is $249.68. The firm has a market cap of $28.84 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 3.44 and a beta of 0.83. Tractor Supply has a one year low of $185.00 and a one year high of $290.38.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, topping 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 business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period in the previous year, the company posted $1.65 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities research analysts predict that Tractor Supply will post 10.34 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $4.40 annualized dividend and a yield of 1.64%. Tractor Supply’s dividend payout ratio is 42.84%.

Analyst Upgrades and Downgrades

TSCO has been the topic of several analyst reports. TD Cowen raised their target price on Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Piper Sandler raised their target price on Tractor Supply from $265.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Evercore ISI raised their target price on Tractor Supply from $290.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Robert W. Baird lifted their price target on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Mizuho reiterated a “neutral” rating and set a $250.00 price target (up from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $254.17.

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.