Transcend Capital Advisors LLC Has $1.26 Million Stake in Tractor Supply (NASDAQ:TSCO)

Transcend Capital Advisors LLC lifted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 13.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,654 shares of the specialty retailer’s stock after acquiring an additional 536 shares during the period. Transcend Capital Advisors LLC’s holdings in Tractor Supply were worth $1,257,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Future Financial Wealth Managment LLC bought a new position in shares of Tractor Supply during the 1st quarter worth about $26,000. Private Wealth Management Group LLC acquired 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 in the 4th quarter worth $28,000. Rise Advisors LLC lifted its holdings in shares of Tractor Supply by 157.1% in the 1st 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. Finally, LRI Investments LLC bought a new stake in Tractor Supply during the 1st quarter valued at $28,000. 98.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a report on Friday, April 26th. Benchmark reaffirmed a “buy” rating and set a $280.00 target price on shares of Tractor Supply in a research report on Friday, July 26th. Mizuho reissued a “neutral” rating and issued a $250.00 price target (up from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Raymond James lifted their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Truist Financial raised their price target on shares of Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Two equities research 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, Tractor Supply presently has a consensus rating of “Hold” and an average price target of $256.58.

Tractor Supply Stock Performance

Shares of TSCO stock traded up $3.66 during trading on Monday, reaching $256.43. 433,779 shares of the company’s stock traded hands, compared to its average volume of 1,138,874. The firm’s 50-day moving average is $271.12 and its 200 day moving average is $259.01. The company has a market capitalization of $27.65 billion, a P/E ratio of 24.31, a PEG ratio of 3.17 and a beta of 0.81. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $290.38. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76.

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

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.72%. Tractor Supply’s dividend payout ratio (DPR) is currently 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.