Monumental Financial Group Inc. Sells 156 Shares of Tractor Supply (NASDAQ:TSCO)

Monumental Financial Group Inc. cut its stake in Tractor Supply (NASDAQ:TSCO) by 3.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,032 shares of the specialty retailer’s stock after selling 156 shares during the quarter. Tractor Supply accounts for 0.7% of Monumental Financial Group Inc.’s holdings, making the stock its 26th biggest position. Monumental Financial Group Inc.’s holdings in Tractor Supply were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. LPL Financial LLC grew its position in shares of Tractor Supply by 4.6% in the 3rd quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock valued at $23,122,000 after purchasing an additional 5,014 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Tractor Supply by 26.2% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,302 shares of the specialty retailer’s stock valued at $264,000 after purchasing an additional 270 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Tractor Supply in the 3rd quarter valued at approximately $407,000. Natixis Advisors L.P. boosted its position in Tractor Supply by 8.7% during the 3rd quarter. Natixis Advisors L.P. now owns 55,947 shares of the specialty retailer’s stock worth $11,360,000 after acquiring an additional 4,469 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in Tractor Supply by 72.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,942 shares of the specialty retailer’s stock worth $1,410,000 after acquiring an additional 2,907 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TSCO. Evercore ISI upped their price target on Tractor Supply from $290.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Piper Sandler increased their price target on Tractor Supply from $265.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Wedbush reiterated a “neutral” rating and set a $235.00 price objective on shares of Tractor Supply in a research report on Tuesday, April 23rd. Raymond James increased their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, TD Cowen increased their target price on Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $254.17.

Tractor Supply Trading Up 0.9 %

Shares of TSCO traded up $2.45 during mid-day trading on Friday, reaching $270.00. 1,701,059 shares of the company were exchanged, compared to its average volume of 1,242,692. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $290.38. 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 has a market capitalization of $29.11 billion, a PE ratio of 26.29, a PEG ratio of 3.48 and a beta of 0.83. The business has a 50 day simple moving average of $274.91 and a two-hundred day simple moving average of $250.18.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 earnings per share. On average, analysts predict that Tractor Supply will post 10.34 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were issued a $1.10 dividend. The ex-dividend date was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.63%. Tractor Supply’s payout ratio is currently 42.84%.

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.