Park Place Capital Corp Sells 162 Shares of Tractor Supply (NASDAQ:TSCO)

Park Place Capital Corp lessened its stake in shares of Tractor Supply (NASDAQ:TSCO) by 46.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184 shares of the specialty retailer’s stock after selling 162 shares during the period. Park Place Capital Corp’s holdings in Tractor Supply were worth $48,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital increased its stake in Tractor Supply by 3.6% during the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock worth $331,000 after acquiring an additional 45 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of Tractor Supply by 998.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 109,403 shares of the specialty retailer’s stock valued at $23,525,000 after purchasing an additional 99,441 shares during the last quarter. Scotia Capital Inc. increased its stake in shares of Tractor Supply by 792.9% in the 4th quarter. Scotia Capital Inc. now owns 19,438 shares of the specialty retailer’s stock valued at $4,180,000 after purchasing an additional 17,261 shares during the last quarter. WCM Investment Management LLC bought a new position in shares of Tractor Supply in the 4th quarter valued at $782,000. Finally, Vanguard Group Inc. increased its stake in shares of Tractor Supply by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock valued at $2,753,432,000 after purchasing an additional 48,439 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TSCO shares. Morgan Stanley lifted their price target on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. Mizuho reiterated a “neutral” rating and issued a $250.00 price target (up previously from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. Truist Financial raised their price objective on Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a report on Friday, April 26th. Benchmark reissued a “buy” rating and set a $256.00 price objective on shares of Tractor Supply in a report on Monday, April 22nd. Finally, Wedbush reissued a “neutral” rating and set a $235.00 price objective on shares of Tractor Supply in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $254.17.

Tractor Supply Stock Performance

TSCO stock opened at $267.74 on Tuesday. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The firm has a market cap of $28.87 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 3.51 and a beta of 0.81. The stock has a 50-day moving average price of $275.20 and a 200-day moving average price of $250.94. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last issued 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. 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 during the quarter, compared to analyst estimates of $3.40 billion. During the same period in the previous year, the company posted $1.65 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. As a group, equities research analysts expect that Tractor Supply will post 10.34 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Friday, May 24th. Tractor Supply’s payout ratio is 42.84%.

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.