787 Shares in Tractor Supply (NASDAQ:TSCO) Acquired by Drive Wealth Management LLC

Drive Wealth Management LLC bought a new stake in Tractor Supply (NASDAQ:TSCO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 787 shares of the specialty retailer’s stock, valued at approximately $213,000.

Other large investors also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply in the 1st quarter valued at $26,000. Private Wealth Management Group LLC bought a new stake in Tractor Supply during the fourth quarter valued at about $27,000. Rise Advisors LLC grew its position in shares of Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 66 shares during the last quarter. LRI Investments LLC bought a new position in shares of Tractor Supply in the first quarter worth about $28,000. Finally, J.Safra Asset Management Corp lifted its position in shares of Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 98 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the sale, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on TSCO. Truist Financial raised their target price on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a report on Friday, July 26th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price objective on shares of Tractor Supply in a research note on Thursday, July 25th. Benchmark reaffirmed a “buy” rating and set a $280.00 target price on shares of Tractor Supply in a research report on Friday, July 26th. Wells Fargo & Company increased their price target on shares of Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Finally, Evercore ISI dropped their price objective on shares of Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $256.58.

Tractor Supply Price Performance

TSCO opened at $267.55 on Monday. The company has a fifty day moving average price of $265.25 and a two-hundred day moving average price of $263.74. The firm has a market capitalization of $28.84 billion, a PE ratio of 26.05, a P/E/G ratio of 3.36 and a beta of 0.81. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $290.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, meeting the consensus estimate of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the prior year, the firm posted $3.83 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.64%. Tractor Supply’s dividend payout ratio is presently 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.