D.B. Root & Company LLC Sells 249 Shares of Tractor Supply (NASDAQ:TSCO)

D.B. Root & Company LLC lessened its position in Tractor Supply (NASDAQ:TSCO) by 4.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,017 shares of the specialty retailer’s stock after selling 249 shares during the period. D.B. Root & Company LLC’s holdings in Tractor Supply were worth $1,313,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TSCO. Wellington Management Group LLP grew 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 acquiring an additional 2,792,352 shares during the last quarter. Norges Bank bought a new stake in Tractor Supply in the 4th quarter worth $260,560,000. Capital World Investors grew its holdings 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 worth $1,257,751,000 after acquiring an additional 531,170 shares during the last quarter. Capital International Investors lifted its position in shares of Tractor Supply by 7.6% in the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock worth $1,340,589,000 after purchasing an additional 439,954 shares during the period. Finally, Alecta Tjanstepension Omsesidigt lifted its position in shares of Tractor Supply by 87.5% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 750,000 shares of the specialty retailer’s stock worth $161,272,000 after purchasing an additional 350,000 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Shares of TSCO stock traded up $2.45 during trading hours on Friday, reaching $270.00. The company had a trading volume of 1,701,059 shares, compared to its average volume of 1,242,692. The business has a fifty day moving average price of $274.91 and a 200-day moving average price of $250.42. Tractor Supply has a one year low of $185.00 and a one year high of $290.38. The firm has a market cap of $29.11 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 3.51 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 (NASDAQ:TSCO) last announced its quarterly earnings results 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 net margin of 7.66% and a return on equity of 52.99%. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period in the previous year, the business posted $1.65 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Sell-side analysts predict that Tractor Supply will post 10.34 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors 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 annualized dividend and a yield of 1.63%. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TSCO shares. Evercore ISI raised their target price on shares of Tractor Supply from $290.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Mizuho reaffirmed a “neutral” rating and issued a $250.00 target price (up from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Wedbush reaffirmed a “neutral” rating and issued a $235.00 target price on shares of Tractor Supply in a research report on Tuesday, April 23rd. Morgan Stanley raised their target price on shares of Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research report on Friday, April 26th. Finally, Piper Sandler raised their target price on shares of Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Two investment 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, the company presently has an average rating of “Hold” and an average 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.