Tractor Supply (NASDAQ:TSCO) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in Tractor Supply (NASDAQ:TSCO) by 42.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,158 shares of the specialty retailer’s stock after acquiring an additional 345 shares during the quarter. GAMMA Investing LLC’s holdings in Tractor Supply were worth $303,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Tractor Supply by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock worth $2,753,432,000 after purchasing an additional 48,439 shares in the last quarter. Capital International Investors increased its stake in Tractor Supply by 7.6% during the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock worth $1,340,589,000 after buying an additional 439,954 shares in the last quarter. Capital World Investors raised its holdings in shares of Tractor Supply by 10.0% during the fourth quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock valued at $1,257,751,000 after acquiring an additional 531,170 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Tractor Supply by 63.2% during the fourth quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock valued at $990,526,000 after acquiring an additional 1,784,304 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Tractor Supply by 0.4% in the fourth quarter. Stifel Financial Corp now owns 1,589,461 shares of the specialty retailer’s stock valued at $341,793,000 after acquiring an additional 6,879 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TSCO. Wells Fargo & Company raised their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Monday, March 25th. TD Cowen boosted their price target on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. increased their price objective on shares of Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Robert W. Baird raised their target price on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Wedbush restated a “neutral” rating and issued a $235.00 price target on shares of Tractor Supply in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $253.96.

Tractor Supply Stock Up 0.1 %

NASDAQ:TSCO opened at $289.98 on Thursday. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $290.38. The stock’s fifty day moving average is $270.60 and its two-hundred day moving average is $247.14. The stock has a market capitalization of $31.26 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 3.77 and a beta of 0.83. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.13. The firm had revenue of $3.39 billion for 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%. Tractor Supply’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 EPS. Research analysts anticipate that Tractor Supply will post 10.34 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s payout ratio is 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.