Sunbelt Securities Inc. lowered its holdings in Tractor Supply (NASDAQ:TSCO – Free Report) 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 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.
View Our Latest Stock Analysis on Tractor Supply
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.
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