SPC Financial Inc. Acquires 2,691 Shares of Tractor Supply (NASDAQ:TSCO)

SPC Financial Inc. lifted its position in Tractor Supply (NASDAQ:TSCO) by 74.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,307 shares of the specialty retailer’s stock after acquiring an additional 2,691 shares during the quarter. SPC Financial Inc.’s holdings in Tractor Supply were worth $1,651,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TSCO. Future Financial Wealth Managment LLC bought a new stake in shares of Tractor Supply in the 1st quarter worth about $26,000. Private Wealth Management Group LLC bought a new stake in shares of Tractor Supply in the 4th quarter worth about $27,000. Pinnacle Bancorp Inc. bought a new stake in shares of Tractor Supply in the 4th quarter worth about $28,000. Rise Advisors LLC lifted its holdings in shares of Tractor Supply by 157.1% in the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 66 shares during the last quarter. Finally, VisionPoint Advisory Group LLC lifted its holdings in shares of Tractor Supply by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

TSCO has been the subject of several analyst reports. Barclays raised their target price on shares of Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. TD Cowen raised their price target on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Wedbush reaffirmed a “neutral” rating and issued a $235.00 price target on shares of Tractor Supply in a research note on Tuesday, April 23rd. Mizuho reaffirmed 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. Finally, Evercore ISI reduced their price target on shares of Tractor Supply from $295.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. 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. Based on data from MarketBeat, Tractor Supply presently has an average rating of “Hold” and a consensus target price of $253.96.

Tractor Supply Stock Performance

NASDAQ TSCO traded up $3.57 on Thursday, hitting $262.82. 1,146,298 shares of the company’s stock traded hands, compared to its average volume of 1,152,871. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The firm’s 50-day moving average price is $274.28 and its two-hundred day moving average price is $253.01. The firm has a market capitalization of $28.33 billion, a PE ratio of 25.67, a P/E/G ratio of 3.40 and a beta of 0.81.

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

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

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.