Wills Financial Group LLC raised its stake in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) by 198.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,251 shares of the specialty retailer’s stock after acquiring an additional 16,787 shares during the quarter. Wills Financial Group LLC’s holdings in Tractor Supply were worth $1,263,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in TSCO. Garner Asset Management Corp purchased a new stake in shares of Tractor Supply during the 4th quarter worth $25,000. Aventura Private Wealth LLC purchased a new position in Tractor Supply in the fourth quarter valued at about $27,000. Core Wealth Advisors LLC bought a new position in Tractor Supply in the fourth quarter worth about $27,000. JPL Wealth Management LLC purchased a new stake in shares of Tractor Supply during the third quarter valued at about $28,000. Finally, Valley Wealth Managers Inc. purchased a new stake in shares of Tractor Supply during the fourth quarter valued at about $32,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.
Tractor Supply Stock Down 0.6%
Shares of TSCO stock opened at $29.96 on Wednesday. The stock’s 50-day simple moving average is $36.29 and its 200-day simple moving average is $46.26. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. The firm has a market capitalization of $15.71 billion, a PE ratio of 14.69, a P/E/G ratio of 2.25 and a beta of 0.47. Tractor Supply Company has a fifty-two week low of $28.36 and a fifty-two week high of $63.99.
Tractor Supply Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.2%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s payout ratio is presently 47.06%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on TSCO shares. Wall Street Zen raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Daiwa Securities Group lowered their target price on shares of Tractor Supply from $52.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. JPMorgan Chase & Co. cut their price target on shares of Tractor Supply from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. The Goldman Sachs Group decreased their price objective on Tractor Supply from $55.00 to $45.00 and set a “buy” rating for the company in a report on Monday. Finally, Weiss Ratings cut Tractor Supply from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.42.
Get Our Latest Stock Analysis on TSCO
Tractor Supply Profile
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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