Lombard Odier Asset Management Europe Ltd Makes New Investment in Tractor Supply (NASDAQ:TSCO)

Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Tractor Supply (NASDAQ:TSCO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 786 shares of the specialty retailer’s stock, valued at approximately $212,000.

Other institutional investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in Tractor Supply during the first quarter valued at approximately $26,000. Rise Advisors LLC boosted its position in shares of Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 66 shares during the last quarter. LRI Investments LLC purchased a new position in shares of Tractor Supply in the first quarter valued at $28,000. J.Safra Asset Management Corp increased its position in Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 98 shares during the last quarter. Finally, Whittier Trust Co. increased its position in Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

TSCO stock opened at $276.85 on Tuesday. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The business has a 50-day moving average price of $268.15 and a 200 day moving average price of $267.08. The company has a market capitalization of $29.85 billion, a P/E ratio of 26.96, a PEG ratio of 3.56 and a beta of 0.80. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, meeting the consensus estimate of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the previous year, the business posted $3.83 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities research analysts forecast that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.59%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Insider Activity

In related news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

TSCO has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Truist Financial increased their price target on shares of Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a report on Friday, July 26th. Wedbush reissued a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a research note on Friday, July 26th. Melius Research began coverage on Tractor Supply in a research report on Monday. They set a “buy” rating and a $315.00 price objective on the stock. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Tractor Supply in a report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Tractor Supply has an average rating of “Hold” and an average target price of $258.96.

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.