Wills Financial Group LLC lifted its stake in Tractor Supply Company (NASDAQ:TSCO – Free Report) by 198.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,251 shares of the specialty retailer’s stock after buying an additional 16,787 shares during the quarter. Wills Financial Group LLC’s holdings in Tractor Supply were worth $1,263,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the stock. X Square Capital LLC increased its holdings in shares of Tractor Supply by 2.9% during the 4th quarter. X Square Capital LLC now owns 16,532 shares of the specialty retailer’s stock valued at $827,000 after purchasing an additional 473 shares in the last quarter. Commonwealth Retirement Investments LLC boosted its holdings in Tractor Supply by 1.9% during the fourth quarter. Commonwealth Retirement Investments LLC now owns 55,554 shares of the specialty retailer’s stock worth $2,778,000 after buying an additional 1,013 shares in the last quarter. Franklin Resources Inc. grew its position in Tractor Supply by 37.1% during the fourth quarter. Franklin Resources Inc. now owns 7,705,579 shares of the specialty retailer’s stock valued at $385,356,000 after buying an additional 2,086,472 shares during the period. Hilton Head Capital Partners LLC purchased a new position in Tractor Supply in the fourth quarter valued at $79,000. Finally, HFR Wealth Management LLC increased its holdings in Tractor Supply by 0.4% in the fourth quarter. HFR Wealth Management LLC now owns 262,582 shares of the specialty retailer’s stock valued at $13,132,000 after buying an additional 1,176 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.
Tractor Supply Price Performance
NASDAQ:TSCO opened at $29.96 on Wednesday. The stock has a 50 day moving average of $36.29 and a two-hundred day moving average of $46.26. Tractor Supply Company has a 12 month low of $28.36 and a 12 month high of $63.99. The firm has a market cap of $15.71 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 2.25 and a beta of 0.47. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86.
Tractor Supply Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.2%. Tractor Supply’s dividend payout ratio is presently 47.06%.
Analyst Upgrades and Downgrades
TSCO has been the topic of several recent analyst reports. TD Cowen reissued a “hold” rating and set a $38.00 target price (down from $53.00) on shares of Tractor Supply in a research note on Monday, April 27th. Daiwa Securities Group cut their price target on Tractor Supply from $52.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Guggenheim reiterated a “buy” rating and set a $50.00 price target (down from $60.00) on shares of Tractor Supply in a research report on Friday. Loop Capital dropped their price objective on Tractor Supply from $51.00 to $41.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Finally, UBS Group cut their price objective on Tractor Supply from $55.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.42.
View Our Latest Analysis on Tractor Supply
Tractor Supply Company Profile
Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.
Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.
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