Revolve Wealth Partners LLC Purchases Shares of 835 Tractor Supply (NASDAQ:TSCO)

Revolve Wealth Partners LLC purchased a new stake in shares of Tractor Supply (NASDAQ:TSCO) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 835 shares of the specialty retailer’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply in the first quarter worth $26,000. Rise Advisors LLC boosted its position in shares of Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after buying an additional 66 shares during the period. Private Wealth Management Group LLC acquired a new stake in shares of Tractor Supply in the fourth quarter worth $27,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Tractor Supply in the fourth quarter worth $28,000. Finally, VisionPoint Advisory Group LLC boosted its position in shares of Tractor Supply by 105.6% in 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 during the period. 98.72% of the stock is owned by institutional investors.

Tractor Supply Stock Up 0.2 %

TSCO stock opened at $267.55 on Friday. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $290.38. The company has a market cap of $28.84 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 3.47 and a beta of 0.83. The business’s 50-day simple moving average is $274.57 and its 200 day simple moving average is $249.81. 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 released its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the business earned $1.65 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts anticipate that Tractor Supply will post 10.34 earnings per share for the current year.

Tractor Supply Announces Dividend

The business also recently disclosed 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. This represents a $4.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s payout ratio is 42.84%.

Analysts Set New Price Targets

TSCO has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Piper Sandler increased their price objective on Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. TD Cowen increased their price objective on Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Mizuho reiterated a “neutral” rating and set a $250.00 price objective (up from $245.00) on shares of Tractor Supply in a report on Friday, April 26th. Finally, Wedbush reiterated a “neutral” rating and set a $235.00 price objective on shares of Tractor Supply in a report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $254.17.

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.