Tractor Supply (NASDAQ:TSCO) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its position in shares of Tractor Supply (NASDAQ:TSCO) by 66.1% during the first quarter, HoldingsChannel reports. The firm owned 27,303 shares of the specialty retailer’s stock after selling 53,321 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Tractor Supply were worth $7,078,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in Tractor Supply in the first quarter valued at $26,000. LRI Investments LLC acquired a new stake in Tractor Supply in the first quarter valued at $28,000. Rise Advisors LLC raised its holdings in Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 66 shares in the last quarter. J.Safra Asset Management Corp increased its stake in Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 98 shares during the last quarter. Finally, Private Wealth Management Group LLC bought a new stake in Tractor Supply during the fourth quarter valued at $27,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSCO has been the subject of several recent research reports. Benchmark reiterated a “buy” rating and set a $280.00 target price on shares of Tractor Supply in a research note on Friday, July 26th. Wells Fargo & Company boosted their target price on shares of Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Wedbush reiterated a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a research note on Friday, July 26th. Morgan Stanley boosted their target price on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. Finally, Piper Sandler boosted their target price on shares of Tractor Supply from $265.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Tractor Supply has a consensus rating of “Hold” and an average target price of $256.58.

Tractor Supply Stock Down 1.4 %

Shares of TSCO stock traded down $3.49 during trading on Friday, hitting $252.77. 880,390 shares of the company were exchanged, compared to its average volume of 1,074,790. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. The firm has a market capitalization of $27.25 billion, a price-to-earnings ratio of 24.61, a P/E/G ratio of 3.22 and a beta of 0.81. The business’s 50-day simple moving average is $271.12 and its 200 day simple moving average is $258.79. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $290.38.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, meeting the consensus estimate of $3.93. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.83 earnings per share. As a group, analysts forecast that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently disclosed 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. This represents a $4.40 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s payout ratio 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.