Bangor Savings Bank Sells 167 Shares of Tractor Supply (NASDAQ:TSCO)

Bangor Savings Bank lowered its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,997 shares of the specialty retailer’s stock after selling 167 shares during the quarter. Bangor Savings Bank’s holdings in Tractor Supply were worth $1,046,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TSCO. Wedmont Private Capital raised its position in Tractor Supply by 3.6% in the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 45 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Tractor Supply by 998.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 109,403 shares of the specialty retailer’s stock worth $23,525,000 after acquiring an additional 99,441 shares during the last quarter. Scotia Capital Inc. lifted its stake in shares of Tractor Supply by 792.9% during the 4th quarter. Scotia Capital Inc. now owns 19,438 shares of the specialty retailer’s stock worth $4,180,000 after acquiring an additional 17,261 shares during the last quarter. WCM Investment Management LLC purchased a new position in Tractor Supply during the 4th quarter valued at $782,000. Finally, Intech Investment Management LLC bought a new position in Tractor Supply in the 4th quarter valued at $346,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Stock Up 0.5 %

NASDAQ TSCO opened at $281.56 on Monday. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $290.38. The firm has a market cap of $30.35 billion, a PE ratio of 27.42, a P/E/G ratio of 3.65 and a beta of 0.83. The business’s fifty day simple moving average is $272.67 and its 200-day simple moving average is $248.71. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83.

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

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were given a $1.10 dividend. The ex-dividend date was Friday, May 24th. This represents a $4.40 annualized dividend and a yield of 1.56%. Tractor Supply’s dividend payout ratio is presently 42.84%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TSCO. Barclays boosted their target price on shares of Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Raymond James increased their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Truist Financial lifted their target price on Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Wells Fargo & Company increased their price target on Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Finally, TD Cowen lifted their price objective on Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, April 26th. 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, the stock presently has a consensus rating of “Hold” and an average price target of $254.17.

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.