Capital Asset Advisory Services LLC Makes New $225,000 Investment in Tractor Supply (NASDAQ:TSCO)

Capital Asset Advisory Services LLC acquired a new position in shares of Tractor Supply (NASDAQ:TSCO) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 890 shares of the specialty retailer’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSCO. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Tractor Supply during the 3rd quarter worth $407,000. O Shaughnessy Asset Management LLC grew its position in Tractor Supply by 72.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,942 shares of the specialty retailer’s stock worth $1,410,000 after purchasing an additional 2,907 shares during the last quarter. Bank of Nova Scotia grew its position in Tractor Supply by 13.0% during the 3rd quarter. Bank of Nova Scotia now owns 12,133 shares of the specialty retailer’s stock worth $2,464,000 after purchasing an additional 1,395 shares during the last quarter. Toronto Dominion Bank grew its position in Tractor Supply by 1.5% during the 3rd quarter. Toronto Dominion Bank now owns 55,824 shares of the specialty retailer’s stock worth $11,335,000 after purchasing an additional 830 shares during the last quarter. Finally, CWA Asset Management Group LLC grew its position in Tractor Supply by 11.3% during the 3rd quarter. CWA Asset Management Group LLC now owns 1,268 shares of the specialty retailer’s stock worth $257,000 after purchasing an additional 129 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Stock Performance

Shares of TSCO opened at $270.00 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The stock has a market cap of $29.11 billion, a P/E ratio of 26.29, a PEG ratio of 3.48 and a beta of 0.83. The company has a 50-day moving average of $274.91 and a two-hundred day moving average of $250.18. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $290.38.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.65 earnings per share. As a group, research analysts predict that Tractor Supply will post 10.34 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently disclosed 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 1.63%. The ex-dividend date was Friday, May 24th. Tractor Supply’s dividend payout ratio is presently 42.84%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TSCO. Telsey Advisory Group lifted their target price on shares of Tractor Supply from $280.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Piper Sandler lifted their target price on shares of Tractor Supply from $265.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Wedbush reaffirmed a “neutral” rating and issued a $235.00 target price on shares of Tractor Supply in a report on Tuesday, April 23rd. Evercore ISI lifted their target price on shares of Tractor Supply from $290.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Finally, Barclays lifted their target price on shares of Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Two investment 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 MarketBeat, the company 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.