Auxier Asset Management Boosts Holdings in Tractor Supply (NASDAQ:TSCO)

Auxier Asset Management grew its position in Tractor Supply (NASDAQ:TSCO) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,600 shares of the specialty retailer’s stock after buying an additional 200 shares during the period. Auxier Asset Management’s holdings in Tractor Supply were worth $344,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TSCO. Capital International Investors lifted its holdings in Tractor Supply by 7.6% during the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock worth $1,340,589,000 after buying an additional 439,954 shares in the last quarter. Capital World Investors lifted its holdings in Tractor Supply by 10.0% during the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after buying an additional 531,170 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Tractor Supply by 9,370.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock worth $573,038,000 after buying an additional 2,792,352 shares in the last quarter. Invesco Ltd. lifted its holdings in Tractor Supply by 76.7% during the 3rd quarter. Invesco Ltd. now owns 2,024,182 shares of the specialty retailer’s stock worth $411,010,000 after buying an additional 878,874 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in Tractor Supply by 0.4% during the 4th quarter. Stifel Financial Corp now owns 1,589,461 shares of the specialty retailer’s stock worth $341,793,000 after buying an additional 6,879 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $280.25 on Friday. Tractor Supply has a one year low of $185.00 and a one year high of $287.89. 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 company has a 50 day moving average price of $268.51 and a 200 day moving average price of $244.75. The firm has a market capitalization of $30.21 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 3.66 and a beta of 0.83.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the business earned $1.65 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Sell-side analysts anticipate that Tractor Supply will post 10.34 EPS for the current year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were paid a $1.10 dividend. The ex-dividend date was Friday, May 24th. This represents a $4.40 annualized dividend and a dividend yield of 1.57%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Analysts Set New Price Targets

Several research firms have recently issued reports on TSCO. Wells Fargo & Company lifted their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Robert W. Baird lifted their price objective on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Piper Sandler lifted their price objective on shares of Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. JPMorgan Chase & Co. lifted their price objective on shares of Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Finally, Truist Financial lifted their price objective on shares of Tractor Supply from $277.00 to $289.00 and gave the stock a “buy” rating in a research report 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $253.96.

About Tractor Supply

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.