Tractor Supply (NASDAQ:TSCO) Shares Sold by Fruth Investment Management

Fruth Investment Management trimmed its holdings in Tractor Supply (NASDAQ:TSCO) by 1.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,625 shares of the specialty retailer’s stock after selling 470 shares during the period. Tractor Supply accounts for about 2.4% of Fruth Investment Management’s holdings, making the stock its 5th biggest holding. Fruth Investment Management’s holdings in Tractor Supply were worth $9,323,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Citizens National Bank Trust Department grew its position in Tractor Supply by 0.5% in the fourth quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock worth $2,086,000 after acquiring an additional 45 shares during the period. Wedmont Private Capital increased its position in Tractor Supply by 3.6% in the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock valued at $331,000 after acquiring an additional 45 shares during the period. Wahed Invest LLC boosted its stake in shares of Tractor Supply by 2.8% during the 4th quarter. Wahed Invest LLC now owns 1,783 shares of the specialty retailer’s stock worth $383,000 after acquiring an additional 49 shares in the last quarter. Fidelis Capital Partners LLC boosted its stake in shares of Tractor Supply by 5.0% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock worth $240,000 after acquiring an additional 53 shares in the last quarter. Finally, 180 Wealth Advisors LLC boosted its stake in shares of Tractor Supply by 0.6% during the 1st quarter. 180 Wealth Advisors LLC now owns 9,197 shares of the specialty retailer’s stock worth $2,407,000 after acquiring an additional 53 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Stock Down 1.6 %

Tractor Supply stock traded down $4.38 during trading on Thursday, reaching $261.65. 766,488 shares of the company’s stock were exchanged, compared to its average volume of 1,191,608. The company’s 50-day moving average is $275.47 and its two-hundred day moving average is $251.36. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $290.38. The firm has a market cap of $28.21 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 3.46 and a beta of 0.81.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly 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. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the prior year, the company earned $1.65 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. On average, analysts predict that Tractor Supply will post 10.34 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.68%. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wedbush reissued a “neutral” rating and set a $235.00 price target on shares of Tractor Supply in a research note on Tuesday, April 23rd. Mizuho restated a “neutral” rating and set a $250.00 price objective (up from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Piper Sandler lifted their price objective on Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Evercore ISI cut their price objective on Tractor Supply from $295.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Morgan Stanley lifted their price objective on Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.