Diversified Trust Co Decreases Stock Position in Tractor Supply (NASDAQ:TSCO)

Diversified Trust Co lowered its stake in Tractor Supply (NASDAQ:TSCO) by 15.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,601 shares of the specialty retailer’s stock after selling 644 shares during the quarter. Diversified Trust Co’s holdings in Tractor Supply were worth $942,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TSCO. Future Financial Wealth Managment LLC purchased a new stake in shares of Tractor Supply during the 1st quarter valued at about $26,000. Private Wealth Management Group LLC purchased a new stake in shares of Tractor Supply during the 4th quarter valued at about $27,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Tractor Supply during the 4th quarter valued at about $28,000. Rise Advisors LLC raised its position in shares of Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 66 shares in the last quarter. Finally, VisionPoint Advisory Group LLC raised its position in shares of Tractor Supply by 105.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

TSCO has been the topic of several recent research reports. Barclays upped their target price on shares of Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Robert W. Baird upped their price target on shares of Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, April 26th. TD Cowen upped their price target on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, April 26th. Piper Sandler upped their price target on shares of Tractor Supply from $265.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Finally, Wedbush reiterated a “neutral” rating and set a $235.00 price target on shares of Tractor Supply in a report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $254.17.

Tractor Supply Price Performance

NASDAQ TSCO opened at $267.74 on Tuesday. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $290.38. The firm’s 50 day moving average price is $275.20 and its 200-day moving average price is $250.94. 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 company has a market cap of $28.87 billion, a PE ratio of 26.07, a P/E/G ratio of 3.51 and a beta of 0.81.

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

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were given a dividend of $1.10 per share. The ex-dividend date was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.64%. Tractor Supply’s payout ratio is 42.84%.

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.