V Square Quantitative Management LLC Has $448,000 Holdings in Tractor Supply (NASDAQ:TSCO)

V Square Quantitative Management LLC lifted its stake in Tractor Supply (NASDAQ:TSCO) by 29.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,082 shares of the specialty retailer’s stock after acquiring an additional 474 shares during the period. V Square Quantitative Management LLC’s holdings in Tractor Supply were worth $448,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Private Wealth Management Group LLC acquired a new position in Tractor Supply in the 4th quarter valued at approximately $27,000. Pinnacle Bancorp Inc. bought a new position in Tractor Supply in the fourth quarter worth $28,000. VisionPoint Advisory Group LLC boosted its stake in Tractor Supply by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock worth $30,000 after buying an additional 76 shares in the last quarter. Cetera Trust Company N.A bought a new stake in Tractor Supply in the 4th quarter valued at $38,000. Finally, OLD Point Trust & Financial Services N A acquired a new position in shares of Tractor Supply in the 4th quarter valued at $41,000. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

TSCO has been the topic of a number of analyst reports. Benchmark reissued a “buy” rating and issued a $256.00 target price on shares of Tractor Supply in a research note on Monday, April 22nd. Evercore ISI increased their target price on Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Telsey Advisory Group boosted their price target on Tractor Supply from $280.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Robert W. Baird increased their price objective on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Barclays lifted their price objective on Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Two 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $253.96.

Tractor Supply Price Performance

Shares of TSCO opened at $280.25 on Monday. The stock has a market cap of $30.21 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 3.65 and a beta of 0.83. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $287.89. The stock’s 50-day moving average price is $269.06 and its two-hundred day moving average price is $245.64. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.13. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. Tractor Supply’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.65 EPS. On average, equities analysts predict that Tractor Supply will post 10.34 earnings per share for the current year.

Tractor Supply Announces Dividend

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