Congress Asset Management Co. MA Acquires 3,531 Shares of Tractor Supply (NASDAQ:TSCO)

Congress Asset Management Co. MA lifted its holdings in Tractor Supply (NASDAQ:TSCOFree Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 152,895 shares of the specialty retailer’s stock after purchasing an additional 3,531 shares during the period. Congress Asset Management Co. MA owned 0.14% of Tractor Supply worth $32,877,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TSCO. Private Wealth Management Group LLC bought a new position in Tractor Supply during the fourth quarter valued at about $27,000. Pinnacle Bancorp Inc. bought a new position in Tractor Supply during the fourth quarter valued at about $28,000. VisionPoint Advisory Group LLC increased its stake in Tractor Supply by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 76 shares during the period. Cetera Trust Company N.A bought a new position in Tractor Supply during the fourth quarter valued at about $38,000. Finally, OLD Point Trust & Financial Services N A bought a new position in Tractor Supply during the fourth quarter valued at about $41,000. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Trading Down 0.4 %

NASDAQ:TSCO traded down $1.23 during trading hours on Friday, hitting $280.25. 931,653 shares of the stock were exchanged, compared to its average volume of 1,049,936. The company’s 50 day moving average is $269.06 and its two-hundred day moving average is $245.64. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $30.21 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 3.65 and a beta of 0.83. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $287.89.

Tractor Supply (NASDAQ:TSCOGet Free Report) last posted 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 company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.65 EPS. On average, sell-side analysts anticipate that Tractor Supply will post 10.34 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is currently 42.84%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wedbush restated a “neutral” rating and set a $235.00 price target on shares of Tractor Supply in a research note on Tuesday, April 23rd. Mizuho reiterated a “neutral” rating and issued a $250.00 price objective (up from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. Telsey Advisory Group upped their price objective on Tractor Supply from $280.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. 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 research note on Friday, April 26th. Finally, Morgan Stanley upped their price objective on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $253.96.

Get Our Latest Analysis on Tractor Supply

About Tractor Supply

(Free Report)

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.

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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