979 Shares in Tractor Supply (NASDAQ:TSCO) Acquired by FCG Investment Co

FCG Investment Co purchased a new position in Tractor Supply (NASDAQ:TSCO) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 979 shares of the specialty retailer’s stock, valued at approximately $256,000.

A number of other large investors also recently added to or reduced their stakes in TSCO. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Tractor Supply during the 3rd quarter worth approximately $407,000. Bank of Nova Scotia raised its holdings in shares of Tractor Supply by 13.0% during the 3rd quarter. Bank of Nova Scotia now owns 12,133 shares of the specialty retailer’s stock worth $2,464,000 after acquiring an additional 1,395 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Tractor Supply by 14.8% during the 3rd quarter. AQR Capital Management LLC now owns 25,162 shares of the specialty retailer’s stock worth $5,109,000 after acquiring an additional 3,251 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Tractor Supply by 11.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 25,458 shares of the specialty retailer’s stock worth $5,169,000 after acquiring an additional 2,548 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in shares of Tractor Supply by 14.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 10,324 shares of the specialty retailer’s stock worth $2,096,000 after acquiring an additional 1,293 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Stock Performance

Shares of Tractor Supply stock traded down $4.38 on Thursday, reaching $261.65. 766,488 shares of the stock were exchanged, compared to its average volume of 1,191,608. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $290.38. The firm has a market capitalization of $28.21 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 3.46 and a beta of 0.81. The business has a 50 day moving average price of $275.47 and a two-hundred day moving average price of $251.36.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly 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. 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 during the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the previous year, the company posted $1.65 earnings per share. Tractor Supply’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts anticipate that Tractor Supply will post 10.34 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TSCO. Mizuho restated a “neutral” rating and issued a $250.00 price target (up from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Wedbush restated a “neutral” rating and issued a $235.00 price target on shares of Tractor Supply in a research report on Tuesday, April 23rd. Evercore ISI lowered their price target on Tractor Supply from $295.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday. Barclays lifted their target price on Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Finally, Benchmark reiterated a “buy” rating and set a $256.00 target price on shares of Tractor Supply in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $253.96.

About Tractor Supply

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.