Tractor Supply (NASDAQ:TSCO) Shares Acquired by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lifted its position in shares of Tractor Supply (NASDAQ:TSCO) by 6.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 780 shares of the specialty retailer’s stock after purchasing an additional 50 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Tractor Supply were worth $211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wedmont Private Capital grew its stake in Tractor Supply by 3.6% in the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock valued at $331,000 after acquiring an additional 45 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in Tractor Supply by 998.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 109,403 shares of the specialty retailer’s stock valued at $23,525,000 after buying an additional 99,441 shares during the last quarter. Scotia Capital Inc. lifted its stake in Tractor Supply by 792.9% in the fourth quarter. Scotia Capital Inc. now owns 19,438 shares of the specialty retailer’s stock valued at $4,180,000 after buying an additional 17,261 shares during the last quarter. WCM Investment Management LLC purchased a new stake in shares of Tractor Supply during the fourth quarter worth approximately $782,000. Finally, Vanguard Group Inc. grew its holdings in 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 acquiring an additional 48,439 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Up 1.3 %

Shares of TSCO stock traded up $3.38 during midday trading on Monday, reaching $256.15. 1,214,095 shares of the stock were exchanged, compared to its average volume of 1,144,201. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $290.38. The company’s 50 day moving average is $270.60 and its two-hundred day moving average is $259.19. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The firm has a market cap of $27.62 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 3.17 and a beta of 0.81.

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

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.72%. Tractor Supply’s dividend payout ratio is currently 42.84%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price objective on shares of Tractor Supply in a research report on Thursday, July 25th. Truist Financial lifted their target price on Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. boosted their price target on Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Morgan Stanley upped their price objective on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a report on Friday, April 26th. Finally, 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. 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $256.58.

About Tractor Supply

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.