Clear Harbor Asset Management LLC grew its position in Tractor Supply (NASDAQ:TSCO – Get Rating) by 7.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,071 shares of the specialty retailer's stock after buying an additional 71 shares during the period. Clear Harbor Asset Management LLC's holdings in Tractor Supply were worth $208,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in shares of Tractor Supply by 5.8% in the 1st quarter. Fifth Third Bancorp now owns 8,435 shares of the specialty retailer's stock valued at $1,968,000 after buying an additional 459 shares during the period. B. Riley Wealth Management Inc. grew its holdings in shares of Tractor Supply by 12.1% in the 1st quarter. B. Riley Wealth Management Inc. now owns 2,241 shares of the specialty retailer's stock valued at $523,000 after buying an additional 241 shares during the period. Achmea Investment Management B.V. acquired a new position in Tractor Supply in the 1st quarter worth $10,444,000. D.A. Davidson & CO. boosted its stake in Tractor Supply by 1.3% in the 1st quarter. D.A. Davidson & CO. now owns 4,639 shares of the specialty retailer's stock worth $1,083,000 after purchasing an additional 59 shares during the period. Finally, PFS Investments Inc. boosted its stake in Tractor Supply by 8.9% in the 1st quarter. PFS Investments Inc. now owns 25,474 shares of the specialty retailer's stock worth $5,945,000 after purchasing an additional 2,080 shares during the period. Institutional investors and hedge funds own 82.86% of the company's stock.
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Tractor Supply Stock Down 0.9 %
Shares of TSCO stock opened at $185.88 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 1.44. The firm's 50-day moving average is $192.68 and its 200-day moving average is $201.73. The stock has a market cap of $20.63 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.91 and a beta of 0.91. Tractor Supply has a 52-week low of $166.49 and a 52-week high of $241.54.
Tractor Supply (NASDAQ:TSCO – Get Rating) last issued its earnings results on Thursday, July 21st. The specialty retailer reported $3.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $3.53. The company had revenue of $3.90 billion for the quarter, compared to analysts' expectations of $3.89 billion. Tractor Supply had a net
margin of 7.76% and a return on equity of 53.29%. Tractor Supply's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.19 EPS. Sell-side analysts predict that Tractor Supply will post 9.58 EPS for the current year.
Tractor Supply Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Monday, August 22nd were issued a $0.92 dividend. The ex-dividend date of this dividend was Friday, August 19th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.98%. Tractor Supply's payout ratio is 40.62%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of Tractor Supply from $260.00 to $207.00 and set a "buy" rating for the company in a research note on Monday, June 27th. Guggenheim reduced their target price on shares of Tractor Supply to $225.00 in a research note on Friday, July 22nd. Piper Sandler set a $253.00 target price on shares of Tractor Supply in a research note on Tuesday, July 19th. Bank of America raised shares of Tractor Supply from a "neutral" rating to a "buy" rating and upped their target price for the stock from $250.00 to $260.00 in a research note on Tuesday, June 14th. Finally, Wells Fargo & Company reduced their target price on shares of Tractor Supply to $250.00 in a research note on Friday, July 22nd. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $240.79.
Tractor Supply Company Profile
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Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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