Tractor Supply Company $TSCO Position Raised by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lifted its position in shares of Tractor Supply Company (NASDAQ:TSCOFree Report) by 6.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 180,223 shares of the specialty retailer’s stock after acquiring an additional 10,495 shares during the period. GHP Investment Advisors Inc.’s holdings in Tractor Supply were worth $10,249,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TSCO. Delos Wealth Advisors LLC bought a new stake in shares of Tractor Supply in the 2nd quarter worth $26,000. Financial Gravity Companies Inc. bought a new stake in Tractor Supply in the second quarter worth about $38,000. Clayton Financial Group LLC acquired a new stake in Tractor Supply in the 3rd quarter valued at about $44,000. First Horizon Corp bought a new position in shares of Tractor Supply during the 3rd quarter valued at about $44,000. Finally, Evelyn Partners Asset Management Ltd bought a new position in shares of Tractor Supply during the 2nd quarter valued at about $46,000. 98.72% of the stock is currently owned by institutional investors.

More Tractor Supply News

Here are the key news stories impacting Tractor Supply this week:

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Morgan Stanley raised shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $50.00 to $60.00 in a research note on Friday, October 24th. UBS Group set a $57.00 price target on Tractor Supply and gave the company a “neutral” rating in a report on Friday, January 16th. Truist Financial set a $55.00 price objective on Tractor Supply and gave the company a “hold” rating in a research report on Friday, January 16th. Mizuho lifted their target price on Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Finally, Jefferies Financial Group raised Tractor Supply from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Tractor Supply presently has an average rating of “Moderate Buy” and an average target price of $62.81.

Read Our Latest Research Report on TSCO

Tractor Supply Stock Performance

Shares of TSCO stock opened at $54.69 on Friday. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $28.90 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 2.50 and a beta of 0.74. The stock’s fifty day simple moving average is $52.24 and its 200-day simple moving average is $55.81.

Tractor Supply (NASDAQ:TSCOGet Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the business earned $0.45 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, sell-side analysts predict that Tractor Supply Company will post 2.17 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, December 9th. Investors of record on Monday, November 24th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, November 24th. Tractor Supply’s dividend payout ratio (DPR) is currently 44.23%.

Tractor Supply Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply Company (NASDAQ:TSCOFree Report).

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

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.