Rise Advisors LLC Acquires 66 Shares of Tractor Supply (NASDAQ:TSCO)

Rise Advisors LLC boosted its holdings in Tractor Supply (NASDAQ:TSCO) by 157.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108 shares of the specialty retailer’s stock after buying an additional 66 shares during the period. Rise Advisors LLC’s holdings in Tractor Supply were worth $28,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TSCO. Wellington Management Group LLP increased its position in Tractor Supply by 9,370.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock worth $573,038,000 after buying an additional 2,792,352 shares during the period. Norges Bank bought a new position in Tractor Supply in the 4th quarter worth approximately $260,560,000. Capital World Investors grew its holdings in shares of Tractor Supply by 10.0% during the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after purchasing an additional 531,170 shares in the last quarter. Capital International Investors grew its holdings in shares of 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 purchasing an additional 439,954 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt grew its holdings in shares of Tractor Supply by 87.5% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 750,000 shares of the specialty retailer’s stock worth $161,272,000 after purchasing an additional 350,000 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Tractor Supply Price Performance

Shares of TSCO stock opened at $280.23 on Friday. The stock’s fifty day moving average is $271.33 and its 200-day moving average is $247.44. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. The stock has a market capitalization of $30.21 billion, a PE ratio of 27.29, a PEG ratio of 3.77 and a beta of 0.83. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $290.38.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, topping the consensus estimate of $1.70 by $0.13. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.65 earnings per share. Equities research analysts expect that Tractor Supply will post 10.34 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s payout ratio is presently 42.84%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TSCO shares. Wedbush reissued a “neutral” rating and set a $235.00 price objective on shares of Tractor Supply in a report on Tuesday, April 23rd. Piper Sandler lifted their price objective on Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Benchmark reissued a “buy” rating and set a $256.00 price objective on shares of Tractor Supply in a report on Monday, April 22nd. Wells Fargo & Company lifted their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Finally, Evercore ISI lifted their price objective on Tractor Supply from $290.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $254.17.

Tractor Supply Company 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.