Nomura Holdings Inc. Invests $468,000 in Tractor Supply (NASDAQ:TSCO)

Nomura Holdings Inc. purchased a new position in shares of Tractor Supply (NASDAQ:TSCO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,176 shares of the specialty retailer’s stock, valued at approximately $468,000.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Tractor Supply by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock worth $2,753,432,000 after buying an additional 48,439 shares during the period. Capital International Investors raised its holdings in shares of Tractor Supply by 7.6% during the fourth quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock valued at $1,340,589,000 after buying an additional 439,954 shares during the last quarter. Capital World Investors boosted its position in shares of Tractor Supply by 10.0% during the fourth quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after buying an additional 531,170 shares during the period. Wellington Management Group LLP grew its holdings in Tractor Supply by 63.2% in the 4th quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock worth $990,526,000 after buying an additional 1,784,304 shares in the last quarter. Finally, Stifel Financial Corp increased its position in Tractor Supply by 0.4% in the 4th quarter. Stifel Financial Corp now owns 1,589,461 shares of the specialty retailer’s stock valued at $341,793,000 after acquiring an additional 6,879 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSCO has been the subject of several recent analyst reports. Morgan Stanley increased their price target on Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research note on Friday, April 26th. Benchmark reissued a “buy” rating and set a $256.00 target price on shares of Tractor Supply in a research note on Monday, April 22nd. Mizuho reissued a “neutral” rating and set a $250.00 target price (up previously from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. Evercore ISI raised their price objective on shares of Tractor Supply from $290.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Truist Financial boosted their target price on Tractor Supply from $277.00 to $289.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $254.17.

Tractor Supply Trading Up 0.5 %

NASDAQ TSCO opened at $281.56 on Friday. The firm’s 50 day moving average price is $272.67 and its two-hundred day moving average price is $248.15. 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 has a twelve month low of $185.00 and a twelve month high of $290.38. The stock has a market cap of $30.35 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 3.65 and a beta of 0.83.

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

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is 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.