CANADA LIFE ASSURANCE Co Sells 1,931 Shares of Tractor Supply (NASDAQ:TSCO)

CANADA LIFE ASSURANCE Co trimmed its holdings in Tractor Supply (NASDAQ:TSCO) by 2.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,760 shares of the specialty retailer’s stock after selling 1,931 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.09% of Tractor Supply worth $25,340,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TSCO. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the 1st quarter worth $26,000. Rise Advisors LLC boosted its holdings in Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 66 shares during the last quarter. J.Safra Asset Management Corp lifted its position in Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 98 shares during the period. Private Wealth Management Group LLC acquired a new stake in shares of Tractor Supply during the 4th quarter worth approximately $27,000. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Tractor Supply in the 4th quarter worth $28,000. Institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TSCO. JPMorgan Chase & Co. lifted their price objective on shares of Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Tractor Supply in a report on Thursday. Mizuho reaffirmed a “neutral” rating and set a $250.00 price objective (up previously from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. Truist Financial boosted their target price on Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Benchmark reiterated a “buy” rating and set a $256.00 price objective on shares of Tractor Supply in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $254.38.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $257.44 on Friday. The company has a market capitalization of $27.75 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 3.42 and a beta of 0.81. 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 has a 52 week low of $185.00 and a 52 week high of $290.38. The company has a 50-day simple moving average of $273.95 and a 200 day simple moving average of $256.96.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, missing the consensus estimate of $3.94 by ($0.01). Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period in the previous year, the business posted $3.83 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, sell-side analysts predict that Tractor Supply will post 10.33 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently declared 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. This represents a $4.40 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Friday, May 24th. Tractor Supply’s dividend payout ratio is 42.84%.

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.