960 Shares in Tractor Supply (NASDAQ:TSCO) Bought by NorthRock Partners LLC

NorthRock Partners LLC purchased a new position in shares of Tractor Supply (NASDAQ:TSCO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 960 shares of the specialty retailer’s stock, valued at approximately $251,000.

Other hedge funds have also bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply during the first quarter worth $26,000. Private Wealth Management Group LLC bought a new stake in Tractor Supply during the fourth quarter worth $27,000. Pinnacle Bancorp Inc. bought a new stake in Tractor Supply during the fourth quarter worth $28,000. Rise Advisors LLC lifted its holdings in 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 acquiring an additional 66 shares during the period. Finally, Cetera Trust Company N.A bought a new stake in Tractor Supply during the fourth quarter worth $38,000. 98.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of recent research reports. Morgan Stanley raised their target price on Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research report on Friday, April 26th. Raymond James raised their target price on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Robert W. Baird raised their target price on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Benchmark reissued a “buy” rating and issued a $256.00 target price on shares of Tractor Supply in a research report on Monday, April 22nd. Finally, Evercore ISI decreased their target price on Tractor Supply from $295.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Two 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. Based on data from MarketBeat.com, Tractor Supply presently has an average rating of “Hold” and an average price target of $253.96.

Tractor Supply Price Performance

TSCO stock traded down $0.23 during mid-day trading on Monday, hitting $270.84. 1,218,857 shares of the stock were exchanged, compared to its average volume of 1,151,840. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19. The business has a fifty day moving average price of $274.24 and a 200 day moving average price of $254.46. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $290.38. The stock has a market capitalization of $29.20 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 3.53 and a beta of 0.81.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results 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 return on equity of 52.99% and a net margin of 7.66%. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Tractor Supply will post 10.34 EPS for the current year.

Tractor Supply Announces Dividend

The business 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 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.