SNS Financial Group LLC lessened its holdings in Tractor Supply (NASDAQ:TSCO – Get Rating) by 0.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 13,390 shares of the specialty retailer's stock after selling 127 shares during the period. SNS Financial Group LLC's holdings in Tractor Supply were worth $2,596,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of TSCO. Norges Bank purchased a new stake in Tractor Supply during the fourth quarter valued at approximately $263,044,000. Invesco Ltd. increased its stake in shares of Tractor Supply by 18.5% in the first quarter. Invesco Ltd. now owns 2,069,196 shares of the specialty retailer's stock worth $482,889,000 after acquiring an additional 322,567 shares during the period. Ardevora Asset Management LLP acquired a new stake in shares of Tractor Supply in the first quarter worth $70,604,000. Victory Capital Management Inc. grew its position in Tractor Supply by 257.0% during the first quarter. Victory Capital Management Inc. now owns 394,967 shares of the specialty retailer's stock valued at $88,810,000 after buying an additional 284,339 shares during the period. Finally, Candlestick Capital Management LP acquired a new stake in Tractor Supply during the first quarter valued at $59,727,000. Hedge funds and other institutional investors own 82.86% of the company's stock.
Get Tractor Supply alerts:Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Tractor Supply from $220.00 to $225.00 and gave the company an "equal weight" rating in a report on Thursday, August 18th. Guggenheim dropped their price objective on shares of Tractor Supply to $225.00 in a report on Friday, July 22nd. The Goldman Sachs Group lowered their price target on shares of Tractor Supply from $260.00 to $207.00 and set a "buy" rating for the company in a report on Monday, June 27th. Piper Sandler set a $253.00 price objective on shares of Tractor Supply in a research report on Tuesday, July 19th. Finally, Wells Fargo & Company reduced their price target on shares of Tractor Supply to $250.00 in a research report on Friday, July 22nd. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Tractor Supply has an average rating of "Moderate Buy" and an average price target of $240.79.
Tractor Supply Stock Performance
Shares of NASDAQ TSCO traded down $1.61 during midday trading on Friday, reaching $185.88. 1,217,146 shares of the company traded hands, compared to its average volume of 1,150,211. Tractor Supply has a 52 week low of $166.49 and a 52 week high of $241.54. The stock has a 50-day moving average price of $192.68 and a 200 day moving average price of $201.73. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.44 and a quick ratio of 0.33. The company 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 (NASDAQ:TSCO – Get Rating) last released its earnings results on Thursday, July 21st. The specialty retailer reported $3.53 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $3.53. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.89 billion. Tractor Supply had a return on equity of 53.29% and a net margin of 7.76%. Tractor Supply's revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.19 earnings per share. Sell-side analysts anticipate that Tractor Supply will post 9.58 earnings per share for the current fiscal year.
Tractor Supply Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Monday, August 22nd were paid a $0.92 dividend. The ex-dividend date was Friday, August 19th. This represents a $3.68 dividend on an annualized basis and a yield of 1.98%. Tractor Supply's dividend payout ratio is currently 40.62%.
Tractor Supply 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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