American National Bank & Trust Co. VA Invests $625,000 in Tractor Supply (NASDAQ:TSCO)

American National Bank & Trust Co. VA bought a new position in shares of Tractor Supply (NASDAQ:TSCO) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,389 shares of the specialty retailer’s stock, valued at approximately $625,000.

Other hedge funds also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in shares of Tractor Supply during the first quarter worth approximately $26,000. Private Wealth Management Group LLC bought a new position in shares of Tractor Supply during the fourth quarter worth approximately $27,000. Pinnacle Bancorp Inc. bought a new position in shares of Tractor Supply during the fourth quarter worth approximately $28,000. Rise Advisors LLC increased its holdings in shares of Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 66 shares during the period. Finally, VisionPoint Advisory Group LLC increased its stake in Tractor Supply by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 76 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Tractor Supply Stock Down 1.6 %

Shares of NASDAQ TSCO traded down $4.38 during trading on Thursday, hitting $261.65. 766,488 shares of the company traded hands, compared to its average volume of 1,191,608. 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 business’s fifty day moving average is $275.47 and its 200 day moving average is $251.36. The firm has a market capitalization of $28.21 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 3.46 and a beta of 0.81. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $290.38.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, topping the consensus estimate of $1.70 by $0.13. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. 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 firm posted $1.65 earnings per share. Equities research 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. Stockholders of record on Tuesday, May 28th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Friday, May 24th. Tractor Supply’s payout ratio is presently 42.84%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TSCO. TD Cowen lifted their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Piper Sandler boosted their target price on shares of Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Mizuho reiterated a “neutral” rating and set a $250.00 price target (up previously from $245.00) on shares of Tractor Supply in a report on Friday, April 26th. Wedbush reiterated a “neutral” rating and set a $235.00 price target on shares of Tractor Supply in a report on Tuesday, April 23rd. Finally, Evercore ISI cut their price target on shares of Tractor Supply from $295.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tractor Supply currently has a consensus rating of “Hold” and a consensus target price of $253.96.

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.