WINTON GROUP Ltd purchased a new position in Tractor Supply Company (NASDAQ:TSCO – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,851 shares of the specialty retailer’s stock, valued at approximately $1,443,000.
Other hedge funds have also added to or reduced their stakes in the company. Field & Main Bank boosted its position in Tractor Supply by 1.1% during the 4th quarter. Field & Main Bank now owns 18,835 shares of the specialty retailer’s stock valued at $942,000 after buying an additional 200 shares during the period. Oak Thistle LLC lifted its position in shares of Tractor Supply by 0.9% in the 4th quarter. Oak Thistle LLC now owns 24,911 shares of the specialty retailer’s stock worth $1,246,000 after purchasing an additional 215 shares during the period. Vestmark Advisory Solutions Inc. lifted its position in Tractor Supply by 5.1% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 4,514 shares of the specialty retailer’s stock valued at $257,000 after acquiring an additional 218 shares during the period. Johnson Investment Counsel Inc. lifted its position in Tractor Supply by 1.7% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 12,771 shares of the specialty retailer’s stock valued at $726,000 after acquiring an additional 219 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Tractor Supply by 22.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,190 shares of the specialty retailer’s stock valued at $63,000 after acquiring an additional 220 shares during the period. 98.72% of the stock is owned by institutional investors.
Tractor Supply Trading Up 1.2%
NASDAQ TSCO opened at $30.14 on Tuesday. The company’s 50-day moving average price is $36.59 and its 200-day moving average price is $46.42. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86. The stock has a market cap of $15.81 billion, a PE ratio of 14.77, a PEG ratio of 2.23 and a beta of 0.47. Tractor Supply Company has a 12 month low of $28.36 and a 12 month high of $63.99.
Tractor Supply Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a yield of 3.2%. Tractor Supply’s payout ratio is 47.06%.
Analyst Ratings Changes
A number of analysts have recently commented on TSCO shares. Telsey Advisory Group reduced their price target on shares of Tractor Supply from $63.00 to $52.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. UBS Group lowered their price target on shares of Tractor Supply from $55.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. BNP Paribas Exane lowered their price target on shares of Tractor Supply from $58.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Guggenheim reissued a “buy” rating and issued a $50.00 target price (down from $60.00) on shares of Tractor Supply in a report on Friday. Finally, Bank of America assumed coverage on shares of Tractor Supply in a research report on Tuesday, April 7th. They issued a “neutral” rating and a $47.00 price target on the stock. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $46.42.
Get Our Latest Stock Analysis on TSCO
About Tractor Supply
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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