Tractor Supply (NASDAQ:TSCO) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. lowered its holdings in Tractor Supply (NASDAQ:TSCO) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,668 shares of the specialty retailer’s stock after selling 136 shares during the period. Sunbelt Securities Inc.’s holdings in Tractor Supply were worth $960,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Rise Advisors LLC increased its holdings in Tractor Supply by 157.1% in the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 66 shares in the last quarter. Private Wealth Management Group LLC purchased a new stake in shares of Tractor Supply in the fourth quarter worth about $27,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Tractor Supply in the fourth quarter valued at about $28,000. VisionPoint Advisory Group LLC raised its holdings in shares of Tractor Supply by 105.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 76 shares during the period. Finally, Cetera Trust Company N.A acquired a new position in Tractor Supply during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

TSCO stock opened at $267.55 on Friday. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $290.38. The stock has a market capitalization of $28.84 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 3.47 and a beta of 0.83. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. The stock’s fifty day moving average is $274.57 and its two-hundred day moving average is $249.81.

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

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s dividend payout ratio is currently 42.84%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Raymond James boosted their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Barclays upped their price objective on shares of Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. boosted their price target on Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Finally, Morgan Stanley raised their price objective on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. 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, Tractor Supply presently has a consensus 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.