Angeles Wealth Management LLC Buys 186 Shares of Tractor Supply (NASDAQ:TSCO)

Angeles Wealth Management LLC grew its stake in shares of Tractor Supply (NASDAQ:TSCO) by 16.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,320 shares of the specialty retailer’s stock after buying an additional 186 shares during the quarter. Angeles Wealth Management LLC’s holdings in Tractor Supply were worth $345,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in Tractor Supply during the first quarter valued at approximately $26,000. Private Wealth Management Group LLC purchased a new position in Tractor Supply in the 4th quarter worth $27,000. Pinnacle Bancorp Inc. bought a new stake in Tractor Supply in the fourth quarter worth $28,000. Rise Advisors LLC boosted its position in Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 66 shares during the period. Finally, Cetera Trust Company N.A purchased a new position in shares of Tractor Supply in the fourth quarter worth about $38,000. 98.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on TSCO. Raymond James boosted their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Wedbush reiterated a “neutral” rating and set a $235.00 target price on shares of Tractor Supply in a report on Tuesday, April 23rd. Telsey Advisory Group upped their target price on Tractor Supply from $280.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Robert W. Baird boosted their target price on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Evercore ISI reduced their price target on shares of Tractor Supply from $295.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $253.96.

Tractor Supply Price Performance

Shares of NASDAQ TSCO traded down $7.74 during mid-day trading on Thursday, hitting $271.08. 813,431 shares of the company’s stock traded hands, compared to its average volume of 1,148,336. The company has a market capitalization of $29.23 billion, a P/E ratio of 26.67, a PEG ratio of 3.69 and a beta of 0.81. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $290.38. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19. The company’s 50-day moving average is $274.75 and its two-hundred day moving average is $255.11.

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

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders 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 dividend yield of 1.62%. Tractor Supply’s dividend payout ratio (DPR) is presently 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.