Fidelis Capital Partners LLC Raises Stock Position in Tractor Supply (NASDAQ:TSCO)

Fidelis Capital Partners LLC grew its position in Tractor Supply (NASDAQ:TSCO) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,186 shares of the specialty retailer’s stock after buying an additional 57 shares during the period. Fidelis Capital Partners LLC’s holdings in Tractor Supply were worth $299,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new position in Tractor Supply in the first quarter worth approximately $26,000. Rise Advisors LLC grew its holdings 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 worth $28,000 after purchasing an additional 66 shares during the period. LRI Investments LLC purchased a new position in shares of Tractor Supply during the 1st quarter worth $28,000. J.Safra Asset Management Corp increased its position in shares of Tractor Supply by 700.0% during the 1st 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. raised its holdings in Tractor Supply by 60.9% in the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 42 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Up 0.7 %

Tractor Supply stock opened at $276.85 on Tuesday. The stock has a market cap of $29.85 billion, a PE ratio of 26.96, a P/E/G 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. The stock’s fifty day moving average is $268.15 and its two-hundred day moving average is $267.08. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting the consensus estimate of $3.93. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $3.83 EPS. On average, sell-side analysts expect 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. Stockholders of record on Monday, August 26th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s payout ratio is 42.84%.

Insider Activity at Tractor Supply

In related news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

TSCO has been the subject of several research analyst reports. Wedbush reaffirmed a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a research note on Friday, July 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price objective on shares of Tractor Supply in a research report on Thursday, July 25th. Melius Research assumed coverage on Tractor Supply in a research report on Monday. They issued a “buy” rating and a $315.00 target price on the stock. Truist Financial raised their price target on Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Loop Capital lifted their price objective on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Two 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, Tractor Supply currently has an average rating of “Hold” and an average price target of $258.96.

Tractor Supply 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.