X Square Capital LLC Raises Stake in Tractor Supply (NASDAQ:TSCO)

X Square Capital LLC raised its holdings in Tractor Supply (NASDAQ:TSCO) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,579 shares of the specialty retailer’s stock after purchasing an additional 41 shares during the quarter. X Square Capital LLC’s holdings in Tractor Supply were worth $696,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP raised its stake in Tractor Supply by 63.2% during the 4th quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock valued at $990,526,000 after acquiring an additional 1,784,304 shares during the last quarter. Norges Bank acquired a new position in shares of Tractor Supply in the fourth quarter valued at approximately $260,560,000. Capital World Investors raised its stake in shares of Tractor Supply by 10.0% during the fourth quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after purchasing an additional 531,170 shares during the last quarter. Capital International Investors lifted its holdings in shares of Tractor Supply by 7.6% during the fourth 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, Price T Rowe Associates Inc. MD grew its position in Tractor Supply by 12.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock valued at $871,691,000 after buying an additional 368,859 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the sale, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TSCO has been the subject of a number of analyst reports. Wedbush restated a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a research report on Friday, July 26th. Truist Financial increased their price target on shares of Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Benchmark reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Tractor Supply in a report on Friday, July 26th. Wells Fargo & Company boosted their target price on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Tractor Supply in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Hold” and a consensus price target of $256.72.

Tractor Supply Stock Down 0.1 %

TSCO stock opened at $270.59 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. The company’s 50 day simple moving average is $265.32 and its 200-day simple moving average is $264.92. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $290.38. The firm has a market capitalization of $29.19 billion, a PE ratio of 26.35, a P/E/G ratio of 3.40 and a beta of 0.80.

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

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 26th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, August 26th. Tractor Supply’s payout ratio is currently 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.