HighPoint Advisor Group LLC Makes New $510,000 Investment in Tractor Supply (NASDAQ:TSCO)

HighPoint Advisor Group LLC bought a new position in shares of Tractor Supply (NASDAQ:TSCO) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,371 shares of the specialty retailer’s stock, valued at approximately $510,000.

A number of other large investors also recently bought and sold shares of the company. Citizens National Bank Trust Department lifted its holdings in Tractor Supply by 0.5% during the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock worth $2,086,000 after buying an additional 45 shares during the last quarter. Wahed Invest LLC lifted its holdings in Tractor Supply by 2.8% during the 4th quarter. Wahed Invest LLC now owns 1,783 shares of the specialty retailer’s stock worth $383,000 after buying an additional 49 shares during the last quarter. Fidelis Capital Partners LLC lifted its holdings in Tractor Supply by 5.0% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock worth $240,000 after buying an additional 53 shares during the last quarter. Scotia Capital Inc. lifted its holdings in Tractor Supply by 2.5% during the 3rd quarter. Scotia Capital Inc. now owns 2,177 shares of the specialty retailer’s stock worth $442,000 after buying an additional 54 shares during the last quarter. Finally, Integrated Advisors Network LLC lifted its holdings in Tractor Supply by 0.8% during the 4th quarter. Integrated Advisors Network LLC now owns 7,463 shares of the specialty retailer’s stock worth $1,605,000 after buying an additional 59 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 0.1 %

Shares of TSCO stock opened at $289.98 on Thursday. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $290.38. The stock has a market cap of $31.26 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 3.77 and a beta of 0.83. The business’s fifty day moving average is $270.60 and its 200-day moving average is $247.14. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. The business 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 company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 EPS. Equities analysts expect that Tractor Supply will post 10.34 earnings per share for the current fiscal 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s payout ratio is 42.84%.

Analyst Ratings Changes

Several analysts recently issued reports on TSCO shares. Benchmark reissued a “buy” rating and issued a $256.00 price target on shares of Tractor Supply in a report on Monday, April 22nd. Morgan Stanley raised their price target on Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a report on Friday, April 26th. Wells Fargo & Company raised their price target on Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Telsey Advisory Group raised their price target on Tractor Supply from $280.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Piper Sandler raised their price target on Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $253.96.

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.