Virtu Financial LLC Purchases New Stake in Tractor Supply (NASDAQ:TSCO)

Virtu Financial LLC purchased a new stake in shares of Tractor Supply (NASDAQ:TSCO) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,798 shares of the specialty retailer’s stock, valued at approximately $2,041,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cim LLC lifted its holdings in shares of Tractor Supply by 2.8% in the first quarter. Cim LLC now owns 73,240 shares of the specialty retailer’s stock valued at $19,168,000 after buying an additional 1,970 shares during the period. Wahed Invest LLC increased its holdings in shares of Tractor Supply by 16.4% during the 1st quarter. Wahed Invest LLC now owns 2,076 shares of the specialty retailer’s stock valued at $543,000 after acquiring an additional 293 shares during the last quarter. National Wealth Management Group LLC acquired a new position in shares of Tractor Supply during the 1st quarter valued at about $505,000. Beacon Capital Management LLC increased its holdings in shares of Tractor Supply by 7.3% during the 1st quarter. Beacon Capital Management LLC now owns 1,072 shares of the specialty retailer’s stock valued at $281,000 after acquiring an additional 73 shares during the last quarter. Finally, Comerica Bank grew its holdings in Tractor Supply by 2.8% in the 1st quarter. Comerica Bank now owns 28,151 shares of the specialty retailer’s stock valued at $7,368,000 after buying an additional 779 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO traded down $3.49 during midday trading on Friday, reaching $252.77. The company’s stock had a trading volume of 874,584 shares, compared to its average volume of 1,143,729. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $290.38. The firm has a 50 day moving average price of $271.12 and a 200-day moving average price of $258.55. The stock has a market capitalization of $27.25 billion, a P/E ratio of 24.61, a PEG ratio of 3.30 and a beta of 0.81. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, meeting the consensus estimate of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the business earned $3.83 earnings per share. Tractor Supply’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities analysts predict that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.74%. Tractor Supply’s dividend payout ratio is presently 42.84%.

Analyst Ratings Changes

Several analysts have recently weighed in on TSCO shares. Raymond James lifted their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Benchmark restated a “buy” rating and set a $280.00 target price on shares of Tractor Supply in a research report on Friday, July 26th. Robert W. Baird upped their price objective on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Evercore ISI dropped their price objective on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Finally, Wells Fargo & Company increased their price target on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $256.58.

Tractor Supply Company 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.