TIAA Trust National Association Acquires 349 Shares of Tractor Supply (NASDAQ:TSCO)

TIAA Trust National Association grew its holdings in Tractor Supply (NASDAQ:TSCO) by 13.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,977 shares of the specialty retailer’s stock after acquiring an additional 349 shares during the period. TIAA Trust National Association’s holdings in Tractor Supply were worth $779,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC purchased a new stake in shares of Tractor Supply in the first quarter worth $26,000. Rise Advisors LLC increased its stake in shares of Tractor Supply by 157.1% in 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 in the last quarter. J.Safra Asset Management Corp increased its stake in shares of Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 98 shares in the last quarter. Private Wealth Management Group LLC purchased a new stake in shares of Tractor Supply in the fourth quarter worth $27,000. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of Tractor Supply in the fourth quarter worth $28,000. 98.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TSCO. Wedbush reissued a “neutral” rating and issued a $235.00 price objective on shares of Tractor Supply in a research note on Tuesday, April 23rd. TD Cowen increased their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Mizuho reaffirmed a “neutral” rating and set a $250.00 target price (up from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. Barclays raised their target price on shares of Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Tractor Supply in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $253.96.

Tractor Supply Trading Down 0.5 %

Shares of Tractor Supply stock traded down $1.48 during trading on Friday, hitting $268.45. The stock had a trading volume of 793,747 shares, compared to its average volume of 1,224,821. The firm’s fifty day simple moving average is $274.69 and its 200-day simple moving average is $255.86. The stock has a market cap of $28.94 billion, a PE ratio of 26.14, a PEG ratio of 3.49 and a beta of 0.81. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $290.38.

Tractor Supply (NASDAQ:TSCO) last released its 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. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $1.65 EPS. As a group, sell-side analysts expect that Tractor Supply will post 10.33 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders 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 annualized dividend and a dividend yield of 1.64%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Tractor Supply 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.