Chilton Capital Management LLC Lowers Stock Position in Tractor Supply (NASDAQ:TSCO)

Chilton Capital Management LLC trimmed its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 839 shares of the specialty retailer’s stock after selling 40 shares during the period. Chilton Capital Management LLC’s holdings in Tractor Supply were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TSCO. Vanguard Group Inc. raised its stake in shares of Tractor Supply by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock valued at $2,753,432,000 after purchasing an additional 48,439 shares in the last quarter. Capital International Investors raised its stake in shares of Tractor Supply by 7.6% in the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock valued at $1,340,589,000 after purchasing an additional 439,954 shares in the last quarter. Capital World Investors grew its position in shares of Tractor Supply by 10.0% during the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock valued at $1,257,751,000 after buying an additional 531,170 shares during the last quarter. Wellington Management Group LLP grew its position in shares of 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 buying an additional 1,784,304 shares during the last quarter. Finally, Stifel Financial Corp grew its position in shares of Tractor Supply by 0.4% during the 4th quarter. Stifel Financial Corp now owns 1,589,461 shares of the specialty retailer’s stock valued at $341,793,000 after buying an additional 6,879 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Stock Down 0.1 %

TSCO stock traded down $0.23 during midday trading on Monday, reaching $270.84. The company had a trading volume of 1,218,857 shares, compared to its average volume of 1,151,839. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $290.38. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $29.20 billion, a P/E ratio of 26.64, a PEG ratio of 3.53 and a beta of 0.81. The company has a 50 day moving average of $274.22 and a two-hundred day moving average of $254.08.

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

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were issued a $1.10 dividend. The ex-dividend date was Friday, May 24th. This represents a $4.40 annualized dividend and a yield of 1.62%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TSCO shares. Morgan Stanley boosted their price objective on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Telsey Advisory Group upped their target price on shares of Tractor Supply from $280.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. upped their target price on shares of Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Wedbush restated a “neutral” rating and issued a $235.00 target price on shares of Tractor Supply in a research report on Tuesday, April 23rd. Finally, Truist Financial upped their target price on shares of Tractor Supply from $277.00 to $289.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Two 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $253.96.

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.